CoinW Research Institute Weekly Report (April 6, 2026 - April 12, 2026)

2026-04-13 15:12:40

Collection

The total market value of global cryptocurrencies is $2.49 trillion, up from $2.45 trillion last week, with an increase of approximately 1.63% this week.

Key Points

The total market capitalization of cryptocurrencies is $2.49 trillion, up from $2.45 trillion last week, an increase of approximately 1.63% this week. As of the time of writing, the cumulative net inflow of the U.S. Bitcoin spot ETF is approximately $56.74 billion, with a net inflow of $786 million this week; the cumulative net inflow of the U.S. Ethereum spot ETF is approximately $11.67 billion, with a net inflow of $187 million this week.

The total market capitalization of stablecoins is $310.3 billion, up from $309.9 billion last week, an increase of approximately 0.12%. Among them, the market capitalization of USDT is $18.443 billion, accounting for 59.44% of the total market capitalization of stablecoins, up 0.19% from $18.407 billion last week; followed by USDC with a market capitalization of $78.6 billion, accounting for 25.33%, up approximately 1.41% from $77.5 billion last week; DAI has a market capitalization of $5.36 billion, accounting for 1.75%, unchanged from last week.

According to DeFiLlama, the total TVL of DeFi this week is $94.871 billion, up from $94.524 billion last week, an increase of approximately 0.36%. By public chain classification, the top three public chains by TVL are Ethereum at 56.69%; Solana at 6.02%; and BNB Chain at 5.64%.

This week, on-chain data shows some recovery. In terms of daily trading volume on on-chain DEX, Solana continues to lead with $0.986 billion, followed by BNB Chain ($0.618 billion) and Ethereum ($0.614 billion), while Ton shows the most significant growth, reaching $0.004 billion (+226.83%); in terms of transaction fees, Ethereum ($0.01) and BNB Chain ($0.00001) remain stable, Ton rises to $0.0033 (+24.64%), while Solana ($0.001, -86.30%) and Sui ($0.00096, -41.89%) decline. In terms of daily active users on-chain, Solana leads with 4.086 million daily active users, followed by BNB Chain (2.49 million), Aptos (1.366 million) with the largest increase (+57.48%), and Ethereum (587,000) and Ton (127,000) also show growth. The overall change in TVL is not significant, with only Ton ($0.06 billion, +9.64%) and Aptos ($0.28 billion, +4.03%) showing some improvement.

New Project Focus: Enhanced Finance is a next-generation structured product infrastructure platform built on-chain, focusing on providing yield enhancement solutions for users' crypto assets. NanoVita is a decentralized science (DeSci) platform that combines nanotechnology, artificial intelligence bio-intelligence, and real-world assets, aiming to revolutionize the field of health research. Splyce Finance is a decentralized finance protocol on the Solana ecosystem, dedicated to providing real yield from real-world assets.

Key Points

I. Market Overview

Total Cryptocurrency Market Capitalization / Bitcoin Market Capitalization Ratio
Fear Index
ETF Inflow and Outflow Data
ETH/BTC and ETH/USD Exchange Rates
Decentralized Finance (DeFi)
On-chain Data
Stablecoin Market Capitalization and Issuance

II. Hot Money Trends This Week

Top Five VC Coins and Meme Coins by Growth This Week
New Project Insights

III. Industry News

Major Industry Events This Week
Major Upcoming Events Next Week
Important Investments and Financing Last Week

IV. Reference Links

I. Market Overview

1. Total Cryptocurrency Market Capitalization / Bitcoin Market Capitalization Ratio

The global total cryptocurrency market capitalization is $2.49 trillion, up from $2.45 trillion last week, an increase of approximately 1.63% this week.

Data Source: Bitcoin dominance from cryptorank, https://cryptorank.io/charts/btc-dominance

Data as of April 12, 2026

As of the time of writing, the market capitalization of Bitcoin is $1.42 trillion, accounting for 57.02% of the total cryptocurrency market capitalization. Meanwhile, the market capitalization of stablecoins is $310.3 billion, accounting for 12.46% of the total cryptocurrency market capitalization.

Data Source: coingeck, https://www.coingecko.com/en/charts

Data as of April 12, 2026

2. Fear Index

The cryptocurrency fear index is 13, indicating extreme fear.

Data Source: coinglass, https://www.coinglass.com/pro/i/FearGreedIndex

Data as of April 12, 2026

3. ETF Inflow and Outflow Data

As of the time of writing, the cumulative net inflow of the U.S. Bitcoin spot ETF is approximately $56.74 billion, with a net inflow of $786 million this week; the cumulative net inflow of the U.S. Ethereum spot ETF is approximately $11.67 billion, with a net inflow of $187 million this week.

Data Source: sosovalue, https://sosovalue.com/zh/assets/etf

Data as of April 12, 2026

4. ETH/BTC and ETH/USD Exchange Rates

ETHUSD: Current price $2,202.53, historical highest price $4,946.05, down approximately 55.48% from the highest price.

ETHBTC: Currently 0.030972, historical highest 0.1238.

Data Source: ratiogang, https://ratiogang.com/

Data as of April 12, 2026

5. Decentralized Finance (DeFi)

According to DeFiLlama, the total TVL of DeFi this week is $94.871 billion, up from $94.524 billion last week, an increase of approximately 0.36%.

Data Source: defillama, https://defillama.com

Data as of April 12, 2026

By public chain classification, the top three public chains by TVL are Ethereum, accounting for 56.69%; Solana, accounting for 6.02%; and BNB Chain, accounting for 5.64%.

Data Source: CoinW Research Institute, defillama, https://defillama.com

Data as of April 12, 2026

6. On-chain Data

Layer 1 Related Data

Mainly analyzing the current Layer 1 data including ETH, SOL, BNB, TON, SUI, and APTOS based on daily trading volume, daily active addresses, and transaction fees.

Data Source: CoinW Research Institute, defillama, https://defillama.com

Data as of April 12, 2026

On-chain DEX daily trading volume and transaction fees: On-chain DEX daily trading volume and transaction fees are core indicators of public chain activity and user experience. In terms of daily trading volume, Ton ($0.004 billion) performed outstandingly, rising 226.83%; other chains showed varying degrees of increase: BNB Chain ($0.618 billion, +17.05%), Sui ($0.034 billion, +11.08%), Ethereum ($0.614 billion, +9.06%), Solana ($0.986 billion, +7.17%), and Aptos ($0.019 billion, +4.00%). In terms of transaction fees, Ethereum ($0.01), BNB Chain ($0.00001) remained stable compared to last week; Ton ($0.0033) increased by 24.64%; other chains saw declines: Solana ($0.001, -86.30%), Sui ($0.00096, -41.89%), and Aptos ($0.000001, -4.65%).

Daily Active Addresses and TVL: Daily active addresses reflect the ecological participation and user stickiness of public chains, while TVL reflects users' trust in the platform. This week, all chains showed some recovery in daily active addresses. Aptos (1.366 million) led with an increase of 57.48%; followed by Ethereum (587,000) and Ton (127,000) with increases of 28.86% and 21.71%, respectively; BNB Chain (2.49 million), Sui (293,000), and Solana (4.086 million) saw a pullback of 1%-4%. In terms of TVL, Ton ($0.06 billion) increased by 9.64%; Aptos ($0.28 billion) increased by 4.03%; other chains showed little change compared to last week.

Layer 2 Related Data

According to L2Beat, the total TVL of Ethereum Layer 2 this week is $31.59 billion, up from $30.70 billion last week, an increase of 2.89%.

Data Source: L2Beat, https://l2beat.com/scaling/tvs

Data as of April 12, 2026

This week, Base and Arbitrum's market shares are 35.60% and 16.58%, ranking first and second.

Data Source: CoinGecko, https://www.coingecko.com/en/chains/layer-2

Data as of April 12, 2026

7. Stablecoin Market Capitalization and Issuance

According to Coinglass, the total market capitalization of stablecoins is $310.3 billion, up from $309.9 billion last week, an increase of approximately 0.12%. Among them, the market capitalization of USDT is $18.443 billion, accounting for 59.44% of the total market capitalization of stablecoins, up 0.19% from $18.407 billion last week; followed by USDC with a market capitalization of $7.86 billion, accounting for 25.33%, up approximately 1.41% from $7.75 billion last week; DAI has a market capitalization of $5.36 billion, accounting for 1.75%, unchanged from last week.

Data Source: CoinW Research Institute, Coinglass, https://www.coinglass.com/pro/stablecoin

Data as of April 12, 2026

According to Whale Alert, this week the USDC Treasury issued a total of 2.2 billion USDC, while Tether Treasury issued no USDT this week. The total issuance of stablecoins this week is 2.2 billion, a decrease of 25.37% compared to last week's total issuance of 2.948 billion.

Data Source: Whale Alert, https://x.com/whale_alert

Data as of April 12, 2026

II. Hot Money Trends This Week

1. Top Five VC Coins and Meme Coins by Growth This Week

The top five VC coins by growth in the past week

Data Source: CoinW Research Institute, coinmarketcap, https://coinmarketcap.com/

Data as of April 12, 2026

The top five Meme coins by growth in the past week

Data Source: CoinW Research Institute, coinmarketcap, https://coinmarketcap.com/

Data as of April 12, 2026

2. New Project Insights

Enhanced Finance is a next-generation structured product infrastructure platform built on-chain, focusing on providing yield enhancement solutions for users' crypto assets. The protocol utilizes derivative strategies to help users achieve higher yields on mainstream assets while realizing capital appreciation through volatility yield strategies.

NanoVita is a decentralized science (DeSci) platform that combines nanotechnology, artificial intelligence bio-intelligence, and real-world assets, aiming to revolutionize the field of health research. The protocol includes four core pillars: nanotechnology data storage (real-time molecular interaction logs), AI models (Gemini 2.5 driven bio-intelligence simulations), RWA health assets (tokenizing health data into tradable assets), and DeSci protocols.

Splyce Finance is a decentralized finance protocol on the Solana ecosystem, dedicated to providing real yield from real-world assets. Its core products include single-asset vaults (providing fixed-rate, fixed-term lending services) and splyceUSDC (a yield auto-compounding stablecoin). Splyce brings institutional-grade assets from traditional finance (such as tokenized U.S. Treasury bonds and private credit) into the DeFi space, currently deployed across multiple chains including Solana, Stellar, and Sui, allowing users to participate without needing accredited investor status.

III. Industry News

1. Major Industry Events This Week

OneFootball's Web3 token OFC officially conducted its TGE (Token Generation Event) and began trading on April 9, 2026. Users can immediately claim 10% of their total airdrop amount on the day of TGE, with the remaining 90% gradually released over different periods of 3/6/9 months, with specific release ratios tied to the user's chosen lock-up period and activity level. This airdrop is based on the previous "BALLS points system" and leaderboard distribution, covering approximately 25,000 users and an initial distribution scale of 100,000 OFC, and will be officially opened for claiming after TGE (specific claiming entry and time will be announced by the official).

Sentio (ST) launched its Pre-TGE subscription phase on April 7, 2026 (UTC), releasing approximately 10 million ST at a price of about $0.02 (accounting for 1% of the total supply) as an early circulation share allocation. The project has not yet announced the final TGE official trading time, and is still in the "pre-distribution + lock-up waiting for circulation" transitional phase, with a design focus on reducing short-term selling pressure through a delayed release mechanism and filtering long-term participating users.

MultichainZ (CHAINZ) is currently conducting its Strategic Sale (considered the core fundraising phase of this round of IDO), lasting from March 27 to April 15, 2026, with a pricing of $0.0023, corresponding to an estimated valuation of about $23 million, and plans to release approximately 733 million tokens for distribution. The project has not yet announced a specific TGE date, but it has been clarified that it will be triggered after the mainnet launch and TVL reaches a certain scale. MultichainZ is a cross-chain lending protocol aimed at the integration of DeFi and traditional finance, allowing users to seamlessly collateralize assets and borrow across different blockchains, while supporting real-world assets (RWA), NFTs, and crypto assets as collateral, thus achieving higher capital efficiency in cross-chain liquidity management.

2. Major Upcoming Events Next Week

EarnPark (PARK) plans to launch Token Sale Tier 5 (this round of IDO) on April 13, 2026, selling approximately 15 million PARK (accounting for 1.5% of the total supply) at a price of $0.018, corresponding to an estimated valuation of about $18 million, as the last round of public financing before TGE. Subsequently, the project has scheduled TGE for June 1, 2026 (13:34), at which point the tokens will officially be generated and enter circulation. EarnPark (PARK) is a Web3 platform focused on user asset management and yield optimization, emphasizing "simplifying crypto asset management" and helping users achieve stable returns in different market environments through strategic products.

Cognibase (COG) plans to launch a new round of IDO on April 28, 2026, with a fundraising scale of approximately $200,000 and an initial valuation of about $135,000 market cap / $10 million FDV. In terms of airdrops, the project has a free distribution mechanism similar to "Launchpool," expecting to allocate approximately 5 million tokens (accounting for 0.5% of the total supply) for user incentives and early participation rewards. The project has not disclosed a specific TGE (official circulation launch) time, and is still in the early stage of "IDO pre-raising + small-scale airdrop pre-distribution." Cognibase is a blockchain service infrastructure project emphasizing data and on-chain service capabilities, with a typical early small-cap project path, completing cold starts through IDO first, and then gradually advancing token circulation and ecological construction.

Crypto D.app (OBS) plans to continue its current financing until June 30, 2026, with an overall target financing of approximately $3.62 million, corresponding to an initial market cap of about $9.3 million and FDV of about $30 million. According to current public information, its TGE is expected to start around July 2026 (after the pre-sale ends), but a specific launch time has not yet been announced. Crypto D.app is a Web3 platform focused on early crypto project discovery and data analysis, mainly aggregating information on ICOs, IDOs, etc., helping users filter potential investment opportunities and track market trends.

3. Important Investments and Financing Last Week

Pharos Network announced the completion of a $44 million Series A financing, supported by Asian private equity funds, compliant financial institutions, and industrial capital, with participants including Sumitomo Corporation, SNZ, Chainlink, Flow Traders, etc., bringing its total financing to $52 million. The project is positioned as a Layer 1 network for institutional finance, focusing on bringing RWA (real-world assets) on-chain, aiming to bridge traditional finance and the on-chain economic system, and supporting large-scale asset flow through compliant architecture and high-performance execution. This financing will mainly be used to expand its "RealFi" infrastructure and global market layout. (April 8, 2026)

oh.xyz completed approximately $7 million in financing, with specific rounds and investment institutions not fully disclosed. The project is overall positioned towards Web3 infrastructure and tool layers, aiming to optimize on-chain interaction experience and development efficiency, lowering the usage threshold for users and developers. The project carries "middleware" value, providing smoother connections between underlying protocols and applications, and its financing also reflects the market's continued focus on enhancing Web3 usability and user experience. (April 8, 2026)

RWA L1 network SimpleChain announced the completion of $15 million in seed round financing, with participation from family offices and institutional investors. SimpleChain aims to build an RWA Layer 1 network, positioned as an institutional operating system (Institutional OS) for RWA. The network will be driven by granular data and native CaaS, aiming to provide financial-grade infrastructure for the tokenization of global real assets. (April 10, 2026)