Binance Research: Total cryptocurrency market value fell 11.3% in April, and total supply of US dollar stablecoins reached a two-year high
Binance Research released its April cryptocurrency market report, with the following key points:
The total market value of cryptocurrencies in April decreased by 11.3%, mainly due to changes in interest rate expectations, geopolitical risks, and a slowdown in spot Bitcoin ETF flow;
At the same time, the total supply of USD-pegged stablecoins reached a two-year high. The supply of USDT and USDC has been steadily increasing, indicating continued capital inflows into the cryptocurrency market;
Most of the top ten coins by market capitalization were in a downward trend at the end of this month, with TON and BNB rising by 1.0% and falling slightly by 1.4%, respectively. ETH and BTC both fell by around 8% in April, while XRP and SHIB fell by 17.1% and 19.2% respectively. DOGE, ADA, SOL, and AVAX all fell by about 30% by the end of the month;
The overall TVL of DeFi in April decreased by 0.7%. Among the top ten blockchains, Merlin Chain had the fastest TVL growth, with an increase of 1000% and a TVL exceeding $1 billion;
The NFT market also experienced a decline in April, with total monthly sales falling by 21% to $1.11 billion. Four of the top five NFT series by sales in that month belonged to the Bitcoin ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Law firm demands Pump.fun remove over 200 meme coins utilizing its IP
Share link:In this post: Burwick Law and Wolf Popper issued a cease and desist letter to Pump.fun, demanding the removal of over 200 meme coins allegedly infringing on their intellectual property. The firms claim that Pump.fun allowed the creation of meme tokens spoofing their brands as retaliation for a class-action lawsuit filed against the platform on Jan. 30. Despite mounting legal challenges, Pump.fun continues to see record-breaking trade volumes largely driven by Trump-related meme coins.
![](https://img.bgstatic.com/multiLang/image/social/2f1c6f8e278e6a6e3197ae3d39ff7d3d1738850404416.webp)
US Bank reports $24 million holdings in Bitcoin ETFs in latest SEC filing
Share link:In this post: US Bank reported $24 million holdings in Bitcoin ETFs in its latest SEC filing, an increase of $10 million since its last filing. Goldman Sachs announced it held Bitcoin ETFs of over $400 million across different funds last year. US-listed spot Ethereum ETFs recorded increased inflows amid the overall market dip.
![](https://img.bgstatic.com/multiLang/image/social/ac97e83e97efaa74011694ec0d02adf81738850403609.webp)
![](https://img.bgstatic.com/multiLang/image/social/1f58f11be11ed1fef0b2efb15e6382111738850115368.jpg)
Trump Coin’s Time Is Over? FXGuys Poised to Set New Growth Records in 2025
![](https://img.bgstatic.com/multiLang/image/social/3a1eac649a9309f5240cc8afd72e8d2e1738850110900.jpg)
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)