Narrative Radar · crypto sectors this week

Narrative Radar: where is crypto trading moving?

In the 7 days to 30 Sep, Liquid staking and restaking led (+18.1% for a typical coin), Payment coins lagged (+2.2%), and Oracles and interoperability drew the biggest rise in trading activity (+306% vs the previous four weeks). Bitcoin: −0.9%.

Bitcoin, 7 days−0.9%the benchmark for every sector

Stablecoin supply, 30 days+1.3%$311.2 bn in circulation

DeFi value locked, 7 days−1.7%$94.8 bn across chains

Data to30 Sep 2026daily close (UTC), refreshed every 2 hours

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Liquid staking and restaking

4 coins

Services that pool staked coins or re-use them for extra yield.

7-day typical move+18.1%beat Bitcoin by 19.0 pts

Trading activity: +61% vs previous 4 weeks
Share of trading: 0.8% was 0.6%
Rising this week: 4 of 4
Headlines, 7 days: 0

Best: ETHFI +21.1% · Weakest: EIGEN +5.3%

Shariah screen: 4 Questionable How we screen

Most are questionable: Represents staked coins and their rewards, and is often reused in lending and restaking to earn more.

Oracles and interoperability

9 coins

Price feeds, data layers and bridges that connect chains.

7-day typical move+16.3%beat Bitcoin by 17.2 pts

Trading activity: +306% vs previous 4 weeks
Share of trading: 6.8% was 2.1%
Rising this week: 8 of 9
Headlines, 7 days: 1

Best: QNT +306.6% · Weakest: TIA −4.1%

Shariah screen: 9 Compliant How we screen

Lending, yield and tokenised assets

9 coins

Borrowing and lending markets, yield tokens and real-world-asset tokens.

7-day typical move+13.5%beat Bitcoin by 14.4 pts

Trading activity: +118% vs previous 4 weeks
Share of trading: 3.5% was 2.0%
Rising this week: 7 of 9
Headlines, 7 days: 4

Best: ONDO +21.1% · Weakest: PENDLE −3.3%

Shariah screen: 10 Non-compliant How we screen

Most are non-compliant: The core business is lending and borrowing at interest. Riba (interest) is prohibited, so the token is generally considered non-compliant.

Decentralised exchanges

10 coins

On-chain trading venues and their tokens.

7-day typical move+11.3%beat Bitcoin by 12.2 pts

Trading activity: +21% vs previous 4 weeks
Share of trading: 4.2% was 4.3%
Rising this week: 8 of 10
Headlines, 7 days: 1

Best: RUNE +30.9% · Weakest: UNI −3.9%

Shariah screen: 10 Questionable How we screen

Most are questionable: Spot swapping is permissible in principle, but liquidity-pool yields and some features raise questions.

AI and compute

5 coins

Tokens of AI networks, GPU rendering and shared computing power.

7-day typical move+10.5%beat Bitcoin by 11.4 pts

Trading activity: +86% vs previous 4 weeks
Share of trading: 2.9% was 1.9%
Rising this week: 5 of 5
Headlines, 7 days: 7

Best: PHA +66.7% · Weakest: TAO +4.8%

Shariah screen: 5 Compliant How we screen

Gaming and metaverse

9 coins

Game, fan and virtual-world tokens.

7-day typical move+9.3%beat Bitcoin by 10.2 pts

Trading activity: +103% vs previous 4 weeks
Share of trading: 0.6% was 0.3%
Rising this week: 9 of 9
Headlines, 7 days: 0

Best: AUDIO +22.8% · Weakest: CHZ +2.7%

Shariah screen: 9 Questionable How we screen

Most are questionable: Pays for games, virtual worlds or media apps. The technology is permissible in principle, but loot boxes, betting-style mechanics and prohibited content such as music or gambling themes need checking, so it is marked questionable until reviewed.

Derivatives and perpetuals

7 coins

Futures and perpetual-swap venues and their tokens.

7-day typical move+9.2%beat Bitcoin by 10.1 pts

Trading activity: +36% vs previous 4 weeks
Share of trading: 3.2% was 2.9%
Rising this week: 6 of 7
Headlines, 7 days: 9

Best: ENA +28.5% · Weakest: INJ −5.0%

Shariah screen: 1 Questionable · 7 Non-compliant How we screen

Most are non-compliant: Built mainly around perpetual futures and leveraged trading, which scholars widely consider impermissible.

Layer 2 and scaling

10 coins

Networks that make another chain faster or cheaper to use.

7-day typical move+9.0%beat Bitcoin by 9.9 pts

Trading activity: −13% vs previous 4 weeks
Share of trading: 2.1% was 3.0%
Rising this week: 7 of 10
Headlines, 7 days: 1

Best: STX +20.7% · Weakest: LSK −19.9%

Shariah screen: 10 Compliant How we screen

Smart-contract platforms

29 coins

Layer 1 chains that run apps, such as Ethereum, Solana and Cardano.

7-day typical move+6.6%beat Bitcoin by 7.5 pts

Trading activity: +12% vs previous 4 weeks
Share of trading: 46.8% was 51.5%
Rising this week: 24 of 29
Headlines, 7 days: 12

Best: GLMR +45.7% · Weakest: ONE −15.2%

Shariah screen: 30 Compliant How we screen

Storage, media and web services

7 coins

File storage, video streaming, naming and browser-based services.

7-day typical move+4.8%beat Bitcoin by 5.7 pts

Trading activity: +15% vs previous 4 weeks
Share of trading: 0.9% was 1.0%
Rising this week: 6 of 7
Headlines, 7 days: 0

Best: JASMY +21.2% · Weakest: AR −4.5%

Shariah screen: 8 Compliant How we screen

Memecoins

15 coins

Coins driven by community and attention, with little or no business behind them.

7-day typical move+4.4%beat Bitcoin by 5.3 pts

Trading activity: +10% vs previous 4 weeks
Share of trading: 7.3% was 8.2%
Rising this week: 13 of 15
Headlines, 7 days: 2

Best: PUMP +48.0% · Weakest: PEPE −1.4%

Shariah screen: 15 Questionable How we screen

Most are questionable: No real product or cash flow; the price is driven almost entirely by hype.

Payment coins

8 coins

Coins built mainly to move value. Bitcoin is the benchmark, so it is shown separately.

7-day typical move+2.2%beat Bitcoin by 3.1 pts

Trading activity: +16% vs previous 4 weeks
Share of trading: 21.0% was 22.3%
Rising this week: 4 of 8
Headlines, 7 days: 6

Best: XLM +12.0% · Weakest: COTI −20.3%

Shariah screen: 8 Compliant How we screen

Oracles and interoperability

9 coins

Price feeds, data layers and bridges that connect chains.

7-day typical move+16.3%beat Bitcoin by 17.2 pts

Trading activity: +306% vs previous 4 weeks
Share of trading: 8.4% was 2.5%
Rising this week: 8 of 9
Headlines, 7 days: 1

Best: QNT +306.6% · Weakest: TIA −4.1%

Shariah screen: 9 Compliant How we screen

AI and compute

5 coins

Tokens of AI networks, GPU rendering and shared computing power.

7-day typical move+10.5%beat Bitcoin by 11.4 pts

Trading activity: +86% vs previous 4 weeks
Share of trading: 3.6% was 2.3%
Rising this week: 5 of 5
Headlines, 7 days: 7

Best: PHA +66.7% · Weakest: TAO +4.8%

Shariah screen: 5 Compliant How we screen

Layer 2 and scaling

10 coins

Networks that make another chain faster or cheaper to use.

7-day typical move+9.0%beat Bitcoin by 9.9 pts

Trading activity: −13% vs previous 4 weeks
Share of trading: 2.7% was 3.7%
Rising this week: 7 of 10
Headlines, 7 days: 1

Best: STX +20.7% · Weakest: LSK −19.9%

Shariah screen: 10 Compliant How we screen

Smart-contract platforms

29 coins

Layer 1 chains that run apps, such as Ethereum, Solana and Cardano.

7-day typical move+6.6%beat Bitcoin by 7.5 pts

Trading activity: +12% vs previous 4 weeks
Share of trading: 58.2% was 63.0%
Rising this week: 24 of 29
Headlines, 7 days: 12

Best: GLMR +45.7% · Weakest: ONE −15.2%

Shariah screen: 30 Compliant How we screen

Storage, media and web services

7 coins

File storage, video streaming, naming and browser-based services.

7-day typical move+4.8%beat Bitcoin by 5.7 pts

Trading activity: +15% vs previous 4 weeks
Share of trading: 1.1% was 1.2%
Rising this week: 6 of 7
Headlines, 7 days: 0

Best: JASMY +21.2% · Weakest: AR −4.5%

Shariah screen: 8 Compliant How we screen

Payment coins

8 coins

Coins built mainly to move value. Bitcoin is the benchmark, so it is shown separately.

7-day typical move+2.2%beat Bitcoin by 3.1 pts

Trading activity: +16% vs previous 4 weeks
Share of trading: 26.1% was 27.3%
Rising this week: 4 of 8
Headlines, 7 days: 6

Best: XLM +12.0% · Weakest: COTI −20.3%

Shariah screen: 8 Compliant How we screen

Left out of this view because fewer than 3 of their coins are Compliant: Memecoins, Decentralised exchanges, Gaming and metaverse, Liquid staking and restaking, Lending, yield and tokenised assets, Derivatives and perpetuals. Switch to All screened coins to see them with their screening results.

Pro shows the full picture: 1-day and 30-day moves, every coin in each sector with its screening reason and date, and this week’s headlines for each sector. See Pro

How to read Narrative Radar

Typical move: the median 7-day change of the sector’s coins, so one coin cannot drag the whole sector. The small line is an equal-weight basket of the same coins over 30 days; the dotted line is where it started.
Trading activity: the sector’s Binance spot trading volume over the last 7 days compared with its weekly average over the 4 weeks before. Rising activity means more attention, in either direction. It is not the same as new money coming in.
Share of trading: the sector’s part of all trading across the coins Barqish screens, now and over the previous 4 weeks.
Shariah screen: how many of the sector’s coins are Compliant, Questionable or Non-compliant under the Barqish coin screening. Each coin page shows its reasons and the date it was last checked. Switch to Only Compliant coins to see the sectors through the screen.
Headlines: how many headlines in the last 7 days, from the publishers Barqish follows, mention the sector or its coins. It is a rough attention count.

Narratives rotate quickly and attention often peaks near the end of a move. Use this page to understand what the market is talking about, then study a coin on its own chart and with Why It Moved. It does not tell you what to buy or sell.

Data: Binance public daily candles (USDT pairs, completed days only); stablecoin supply and DeFi value locked from DefiLlama; headlines from the publishers listed on Why It Moved. Sectors follow the Barqish screening categories; coins that do not trade on Binance, and Bitcoin, are left out of the sector figures. Education, not financial advice.