Crypto market slips as Aave and Quant lead weekly token moves

  • Aave, Pump.fun and Quant rallied as total crypto market capitalization fell 0.30% in early October.
  • Quant rose 158.3% to $261.42 in CoinGecko’s Oct. 3 data, while Aave gained 20% and Pump.fun 30% weekly.
  • The Clearing House selected Quant for a planned tokenized-deposit network, while Midnight enabled permissionless smart-contract deployment on mainnet.

Most of the crypto market moved lower into early October, with total market capitalization down 0.30% over the week, according to BeInCrypto Markets. Bitcoin briefly rose from $84,000 to $87,000 on Friday before returning to earlier levels and traded near $84,600 on Oct. 3, up about 0.6% over seven days. Aave gained 20% after the Aave protocol reached $1 billion in user deposits, while Pump.fun rose 30% as about half of net protocol revenue funded PUMP buybacks and burns. Quant was CoinGecko’s strongest top-100 gainer, rising 158.3% to $261.42 after The Clearing House selected it for a planned U.S. tokenized-commercial-bank-deposit network; a later BeInCrypto update reported Quant up 152% over seven days at $252.55 after a 7% Friday decline. Midnight gained 96.5% as permissionless smart-contract deployment went live on mainnet. Sky and Worldcoin also advanced, while Lighter, MemeCore, Ethena and Zcash declined.

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