10x Research Market Updates

10x Research Market Updates

What Really Moved Crypto Since June: Part 2 – Hyperliquid, Zcash, NEAR, Uniswap and Arbitrum

Before the Consensus Catches Up

Oct 21, 2026
∙ Paid


In the first part of this series, we showed which drivers impacted Bitcoin and the large-cap coins since June. This second part looks at the other side of the market. Hyperliquid, Zcash, NEAR, Uniswap, and Arbitrum are all up between 42% and 142% since late May, while Bitcoin is up about 10%. Very little of that came from the wider market. Each token had its own story.

As in Part 1, we have lined up each weekly move with its main driver, and the charts are collected in a chart book that readers can print and keep as a reference. The pattern is clear. The rallies that lasted were backed by real demand for the token, while upgrades and announcements on their own rarely moved the price for long.

Just for Part 1, we have also compiled the charts into a PDF chart book so readers can keep it as a reference and print it.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2026 10x Research · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture