X @CoinMarketCap
CoinMarketCap·2025-09-12 21:00
Governance & Influence - USDH vote highlights Hyperliquid's increasing governance influence [1] Stablecoin Market - Stablecoin competition intensifies with Paxos, Ethena, and Frax all vying for market share [1] Exchange Trends - Exchange-native chains (Upbit, Bybit) continue to emulate the BNB model [1]