Odaily Planet Daily News Binance Research Institute released the September Crypto Market Report, covering topics such as DeFi, stablecoins, second-layer solutions (L2s), account abstraction, etc. The report pointed out that the fluctuations in the total market value of the crypto market in September were negligible, but there were still many noteworthy developments in the market: 1. The total market value of stablecoins has fallen for 18 consecutive months, falling to a new low of US$123.8 billion (the lowest level since September 2021). There may be many factors that affect investors to allocate capital to other non-crypto financial products. 2. During Token2049, Telegram announced that it would integrate the TON crypto wallet and support the TON-based Web3 ecosystem, which led to an increase in the price of TON. Given Telegram's 800 million user base, this collaboration inspires the possibility of mass adoption. 3. Chat Bots on Telegram are a relatively new trend that provides a user-friendly alternative to existing DeFi applications and presents a fierce competitive situation in the market. Banana Gun is a Telegram Bot application. Since launching its own token, Banana Gun has risen in the rankings and is now one of the most gas-consuming applications on the Ethereum platform. 4. The landscape of decentralized perpetual contract platforms has changed significantly. Once upon a time, platforms like dYdX, GMX, and Gains Network held the majority of the market share. However, starting in September, both new platforms and existing players, especially ApolloX, have made significant progress. 5. The adoption rate of account abstraction (AA), i.e. smart contract wallets, continues to rise, with transaction volume increasing month by month. Data shows that there are more than 870,000 independent AA accounts, which have completed more than 2.3 million successful smart contract transactions.