CoinW Institute Weekly Report (2026.4.13 - 2026.4.19 issues)

Key points

The global market value of encrypted currencies was $2.62 trillion, up from $2.49 trillion last week, and the total market value of encrypted currencies increased by about 5.22 per cent this week. As of the deadline, USABitcoin spotETF CUMULATIVE TOTAL NET INFLOWS OF APPROXIMATELY $57.74 BILLION, NET INFLOWS OF $996 MILLION THIS WEEK; UNITED STATESIt's in the Ether HouseTHE CUMULATIVE TOTAL OF ETF NET INFLOWS WAS APPROXIMATELY $11.67 BILLION, COMPARED WITH $187 MILLION THIS WEEK。

The total market value of the stable currency was $313.1 billion, an increase of about 0.90 per cent compared to the previous week's figure of $310.3 billion. of whichUSDTThe market value was $187.26 billion, representing 59.81 per cent of the total market value of the stable currency, an increase of 1.53 per cent compared to the previous week ' s 1,844.3; followed byUSDCThe market value was $78.2 billion, representing 24.97 per cent of the total market value of the stable currency, a decrease of approximately 0.51 per cent compared with the previous week ' s figure of $78.6 billionDAIThe market value was $5.36 billion (the same as last week), representing 1.71 per cent of the total market value of the stable currency。

According to DeFiLlama, the total of DeFi TVL this week was $8,6275 million, or 9.06 per cent less than $94,871 million last week. The top three chains of the TVL are divided by the chainEtheleum54.14 per cent; the Solana chain, 6.47 per cent; and the BNB Chain, 6.26 per cent。

The data on this week's link show a structural feature of “trading up active but split between users and funds”: in terms of the DEX daily volume of transactions on the chain, Etheium performed the strongest, with a daily turnover of $2.515 B, a weekly increase of $218.35 per cent, which became the main engine of growth, while BNB Chain ($0.796B, +28.80 per cent) and Sui ($0.046B, +33.48 per cent) registered growth; however, Solana ($1.12B, 4.84 per cent), Aptos (62.95 per cent) and Ton (-47.01 per cent) experienced a different degree of decline. Transaction costs have stabilized as a whole, with only ton falling by 17.32 per cent, while Solana (+45.82 per cent), Sui (+27.07 per cent) and Aptos (+12.20 per cent) have seen a slight increase, reflecting some escalation in the use of the chain. Relative pressure on users and funding: Only BNB Chain (2.75 million, +10.44 per cent) and Sui (294,000, +0.14 per cent) have grown and the rest of the mainstream chain has fallen significantly, of which Solana (-45.92 per cent) has fallen relatively significantly. With respect to TVL, Etherum ($47.26B, 11.47%) fell, and Ton and Sui also fell slightly, while Solana, BNB Chain and Aptos recorded only about 1-2% moderate growth。

New project focus: Brix Money is a DeFi platform that introduces emerging market financial assets into the chain, with a core location as an asset connecting the chain with money and real offline gains. Claw Inteligence is an AI tool for Web3 users that seeks to integrate decentralized data and processes. Totalis is a market-oriented derivative trading agreement dedicated to building “event-driven” transaction-level infrastructure。

Key points

Market overview

1. Share of total market value of encrypted currency/bitcoin

2. Panic index

3. ETF INFLOW AND OUTFLOW DATA

4. ETH/BTC AND ETH/USD EXCHANGE RATIO

5. DeFi

6. Data on the chain

7. Stable currency market value and increase

II. The hot money this week

1. VC and Meme in the first five increases this week

2. New project insight

III. New industry developments

1. Major industry events this week

2. Major events coming up next week

Key investment financing last week

References

Market overview

1. Share of total market value of encrypted currency/bitcoin

GlobalTotal market value of encrypted currencyThe total market value of encrypted currencies increased by about 5.22 per cent this week, up from $2.49 trillion last week。

Source: Bitcoin dominance from cryptork,https://cryptoran.io/charts/btc-dominance

Data as of 19 April 2026

This post is part of our special coverage Syria Protests 2011BitcoinThe market value was $1.48 trillion, or 56.48 per cent of the total market value of encrypted currencies. At the same time, the market value of the stable currency was $313.1 billion, or 11.95 per cent of the total market value of the encrypted currency。

source: coingeck,https://www.coingecko.com/en/charts

Data as of 19 April 2026

2. Panic index

The encrypted currency panic index is 28, indicating panic。

source: coinglass,https://www.coinglass.com/pro/i/FearGreedIndex

Data as of 19 April 2026

3. ETF INFLOW AND OUTFLOW DATA

BY THE TIME THE DRAFT WAS ISSUED, THE UNITED STATES HAD ACCUMULATED NET INFLOWS OF REAL ETF IN BITCOIN OF APPROXIMATELY $57.74 BILLION, AND NET INFLOWS OF $996 MILLION THIS WEEK; THE UNITED STATES HAD ACCUMULATED NET INFLOWS OF REAL ETF IN TAIFUNG OF ABOUT $11.67 BILLION AND NET INFLOWS OF $187 MILLION THIS WEEK。

source: sosovalue,https://sosovalue.com/zh/assets/etf

Data as of 19 April 2026

4. ETH/BTC AND ETH/USD EXCHANGE RATIO

ETHUSD: PRESENT PRICE $2,279.78, HISTORICAL MAXIMUM $4,946.05, DROP OF 53.89%

ETHBTC: CURRENTLY 0.030692, WITH AN ALL-TIME HIGH OF 0.1238

source: ratiogan,https://ratiogang.com/

Data as of 19 April 2026

5. DeFi

According to DeFiLlama, the total of DeFi TVL this week was $8,6275 million, or 9.06 per cent less than $94,871 million last week。

source: defillama,photo from https://defillama.com

Data as of 19 April 2026

The top three public chains of the TVL are the Etheium chain, which accounts for 54.14 per cent; the Solana chain, which accounts for 6.47 per cent; and the BNB Chain, which accounts for 6.26 per cent。

Source: CoinW Institute, Defillama,https://defilama.com/chains

Data as of 19 April 2026

6. Data on the chain

Layer 1 data

The main daily transaction volume, active address, transaction cost analysis currently includes data on ETH, SOL, BNB, TON, SUI and APTOS。

Source: CoinW Institute, Defillama,photo from https://defillama.com

Data as of 19 April 2026

Dex transactions and transaction costs: The daily Dex turnover and transaction costs on the chain are core indicators of public chain activity and user experience. In terms of the chain-based Dex daily turnover, this week Ethereum ($2.515B) showed a remarkable increase of 218.35 per cent; Sui (0.046B, +33.48 per cent) and BNB Chain (0.796B, +28.80 per cent) also recorded increases. The remaining chains show varying degrees of decline, including Aptos ($0.008B, 64.95%), Ton ($0.0021B, 47.01%) and Solana ($ 1.12B, 4.84%). In terms of transaction costs, only Ton ($0.0034) decreased by 17.32 per cent; Etheum ($0.01) and BNB Chain ($0.00001) remained almost the same as last week; Solana ($0.001, +45.82 per cent), Sui ($0.00121, +27.07 per cent) and Aptos ($0.000001, +12.20 per cent) increased。

DAY ACTIVE ADDRESS AND TVLDaily active addresses reflect the ecological participation and user viscosity of the public chain, and TVL reflects the level of trust in the platform by users. Day active address. Only BNB Chain (2.75 million, +10.44 per cent), Sui (294,000, +0.14 per cent) achieved increases; the rest of the chain fell, respectively, to Solana (221,000, or 45,92 per cent), Etheum (473,000, or 19.35 per cent), Aptos (1.1 million, 1.08 per cent) and Ton (119,000, or 6.68 per cent). With regard to TVL, Etherum ($47.26B), Ton ($0.058B) and Sui ($0.55B) fell by 11.47 per cent, 4.26 per cent and 3.51 per cent, respectively; the remaining chains included Solana, BNB Chain and Aptos achieved small increases of about 1 to 2 per cent。

Layer 2 data

According to the L2Beat data, the total TVL of the Taifei Layer2 this week was $32.33 billion, an increase of 2.34 per cent compared to the previous week ' s $31.59 billion。

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

Data as of 19 April 2026

The market shares of Base and Arbitrum this week were 39.64 and 16.79 per cent, respectively, ranked first and second。

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

Data as of 19 April 2026

7. Stable currency market value and increase

According to Coinglass, the total market value of the stable currency was $313.1 billion, an increase of about 0.90 per cent compared with the previous week ' s figure of $311.3 billion. Of this amount, US$ 18.726 billion represented 59.81 per cent of the total market value of the stable currency, an increase of 1.53 per cent compared to the previous week ' s 1,844.3; followed by USDC ' s market value of $78.2 billion, or 24.97 per cent of the total market value of the stable currency, a decrease of approximately 0.51 per cent compared to the previous week ' s market value of $78.6 billion; and DAI ' s market value of $5.36 billion (the same as last week), or 1.71 per cent of the total market value of the stable currency。

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

Data as of 19 April 2026

According to Whale Alert data, USDC Treasury sent a total of 2,616 million additional USDCs this week, and Tether Treasury sent an additional 1 billion USDTs this week. This week, the total increase in the total number of stable coins was 3,616 million, an increase of 64.36 per cent over the previous week ' s increase in the total number of stable coins (2.2 billion)。

Source: Whale Alert,https://x.com/whale alert

Data as of 19 April 2026

II. The hot money this week

1. VC and Meme in the first five increases this week

THE TOP FIVE VCS IN THE LAST WEEK

Source: CoinW Institute, Coinmarketcap,https://coinmarkcap.com/

Data as of 19 April 2026

The last week has seen an increase in the first five Meme dollars

Source: CoinW Institute, Coinmarketcap,https://coinmarkcap.com/

Data as of 19 April 2026

2. New project insight

Brix Money is a DeFi platform that introduces emerging market financial assets into the chain, with a core location as an asset linking the chain to real offline proceeds. It achieves “a real world chain of proceeds” through the regularization of traditional financial products, such as money market funds, so that these assets can be used as a programmable, portfolioable source of proceeds and made available to users in the form of a stable currency or type of stable asset. The project emphasizes working with local banks and financial institutions to transform spreads and gains from emerging markets into globally accessible chain liquidity and investment opportunities under a compliance hosting and regulatory framework。

Claw Inteligence is an AI tool for Web3 users that seeks to integrate decentralized data and processes. It integrates market data, chain analysis, research tools and transaction execution functions into the same platform and transforms complex data and operations into directly implementable work streams through AI-driven interactive interactions, thus significantly lowering the threshold for analysis and transactions by users on the chain. In essence, Claw Intelligence acts as an integrated smart layer linking the Data Understanding-Policy Generation-Transaction Execution。

Totalis is a market-oriented derivative trading agreement dedicated to building “event-driven” transaction-level infrastructure. The project allows users to enhance the efficiency and revenue expression of funds through cross-market, multi-incident combinations around multi-purpose construction (like parlay) trade strategies such as macro events, encrypted markets and sports. In essence, Totalis seeks to introduce derivatives and structured trading mechanisms over traditional forecast markets, allowing users not only to bet on a single event, but also to express more complex market views, thereby expanding the liquidity depth and financial attributes of the forecast market。

III. New industry developments

1. Major industry events this week

Genius (GENIUS) officially conducted the Token General Event (TGE) on April 13, 2026, and previously conducted mission-type incentive activities through such channels as CoinMarketCap Launch, leading users to obtain points (Genius Points, GP) through registration, interaction and trading, which are directly mapped to the level of the token allocation. After TGE, the official airdrop was opened, and the first round (Season 1) distributed about 7 million GENIUS tokens, with differentiated collection mechanisms (e.g., advance discounts, lockouts, etc.), with teams and investors having at least a one-year lockdown period。

On 14 April 2026, XMoney (XMN) completed an integrated migration of coins “renamed + TGE + airdrops”. This non-traditional independent TGE has been upgraded by the original Utrust (UTK) to XMN: on April 14, the mainstream trading platform launched the UTK sub-frame and XMN on line and simultaneously executed currency exchange and air drop distribution. Users can migrate by two paths (3 UTK = 1 XMN or locks for 6 months 1:1 exchange), while the platform provides additional air-drop incentives, and eligible UTK holders can obtain additional distribution on 3 UTK = 2 XMN. The relevant air drops and distributions were mainly completed on April 14th and 15th

On April 14, 2026, the Zhang snow locomotive was associated with a meme currency that initiated market distribution and user incentives, not using the traditional TGE path, but using the + trade incentive as the main cold start. The project produces a centralized “air drop carnival” dissemination effect by setting up a mechanism to link a phased air drop incentive to trading behaviour (e.g., filling, trading participation, etc.) and completing initial user coverage and liquidity orientation in a short period of time. The project is more oriented towards the typical meme currency start-up paradigm: reliance on event-driven and user sentiment spreads, rapidly magnifying participation and market concerns through high-frequency incentives, rather than distribution based on long-term currency economic models。

2. Major events coming up next week

The authentication of the AI Calculator OpenGradient will open the OPG air drop application on April 21st. The project had previously been officially launched on April 16th (registration to April 20th). OpenGradient is a focused "valitable AI computing" infrastructure project designed to enhance the credibility and auditability of AI calculations through a chain-based mechanism. Its currency OPG total supply is 1 billion, of which 40 per cent is allocated to ecosystems, 15 per cent to foundations, 15 per cent to core contributors, 10 per cent to investors and consultants, 10 per cent to pledge incentives, 6 per cent to liquidity and go online, and 4 per cent to airdrops。

Bullshot (BULL) plans to launch IDO on April 22, with a target of approximately $7.65 million, with a total supply of 1 billion, with approximately 0.5 per cent reserved for Launchpool distribution. No independent TGE time has been specified, but is expected to be linked to IDO or subsequent go-live. Bullshott is a platform project that is biased against the DeFi/Treasury Tool Properties, where primary hit users create meme tokens on their platforms, participate in trading and ranking incentives, thereby accumulating points and seeking future air-drop distributions, which are essentially closer to the light-quantitative application layer of the "Cyber-Clear-Clear-+ growth incentive"。

Cineflicks (CNF) opened a new round of ICO financing on 19 April, which will continue until 16 May, at a unit cost of approximately $0.002, with a projected sale of 2,000,000,000 coins and a planned raise of $4 million, which will be locked for 12 months. Cineflicks is a web3-oriented entertainment content platform, featuring an interactive streaming mode of content + community + participation, and extending the "watch-to-earn" mechanism to attempt to upgrade the passive consumption of traditional stream media into a user-enabled and profitable ecosystem。

Key investment financing last week

Paxos Labs announced the completion of a round of strategic financing of approximately $12 million, with the participation of Blockchain Capital and such institutions as Robot Ventures, the Maelstrom family office and Uniswap. Paxos Labs, a digital asset product layer platform hatched from Paxos, works to provide a one-stop chain of financial capacity integration for enterprises. Its core product is the Amplify Platform, which, through a single interface, can achieve such functions as stable currency issuance, Earn and Mortgage Loans, helping the exchange, the Financial Science and Technology Platform and Web3 to position digital assets held by users into profitable financial products, located in the “chain-based asset productivity layer”. (14 April 2026)

Deutsche Börse announced an investment of approximately $200 million in Kraken parent company, with approximately 1.5 per cent equity, which was a secondary market equity investment, focusing on deepening cooperation between the parties in compliance transactions, derivatives and institutional liquidity. This event marked the beginning of a deeper involvement of the traditional financial infrastructure in the encrypted market and further strengthened Kraken's path towards a “compulsory financial market infrastructure”. Kraken is a global front-encrypted asset exchange established in 2011 to provide spot, derivative and institutional-level services. (14 April 2026)

Nava Labs announced the completion of $8.3 million in seed ship financing, led by Polychain and Archetice, with the participation of agencies such as FalconX, Hack VC, which will be used to build a secure implementation and trust infrastructure for “Agentic Economy” to address the core issue of AI's “available but uncontrollable” financial and trading landscape. Nava Labs, an infrastructure project for the AIAgent economy, is committed to providing a verifiable and controlled chain-based implementation environment for automated intelligents whose core product, Nava AI, enables AI to remain safe and manageable in processing real funds and transactions by introducing hosting, certification and strategy constraints. (14 April 2026)