CoinW Institute Weekly Report (2026.4.6 - 2026.4.12)

Key points

The global total market value of encrypted currencies was $2.49 trillion, an increase of about 1.63 per cent over the $2.45 trillion last week. As of the deadline, USABitcoin spotETF CUMULATIVE TOTAL NET INFLOWS WERE ABOUT $56,744 MILLION, WITH NET INFLOWS THIS WEEK OF $786 MILLION; 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 $310.3 billion, an increase of approximately 0.12 per cent over the previous week's figure of $309.9 billion. of whichUSDTThe market value was $184,443 million, or 59.44 per cent of the total market value of the stable currency, an increase of 0.19 per cent compared with the previous week ' s 1,840.7; followed byUSDCThe market value was $78.6 billion, representing 25.33 per cent of the total market value of the stable currency, an increase of approximately 1.41 per cent over the previous week ' s value of $77.5 billionDAIThe market value was $5.36 billion, or 1.75 per cent of the total market value of the stable currency, the same as last week。

According to DeFiLlama, the total of DeFi TVL this week was $94,871 million, an increase of about 0.36 per cent compared to $94,524 million last week. The top three chains of the TVL are divided by the chainEtheleumThis represents 56.69 per cent; the Solana chain, 6.02 per cent; and BNB Chain, 5.64 per cent。

The data on this week's chain is getting warmer. On the chain, Solana continued to lead at $0.986B, with BNB Chain ($0.618B) and Etheum ($0.614B) closely followed, while Ton grew most significantly at $0.004B (+226.83 per cent); and on the transaction costs, Etheum ($0.01) and BNB Chain ($0.0001) remained largely stable, with Ton rising to $0.0033 (+24.64 per cent), while Solana ($0.001,86.30 per cent) and Sui ($0.00096,-41.89 per cent) decreased. With regard to the daily activity of users on the chain, Solana is leading with 4.086 million days, followed by BNB Chain (2.49 million), Aptos (1.366,000) with the largest increase (+57.48 per cent) and Etheum (587 million) and Ton (127,000). The overall TVL changes are small, with only a slight increase in Ton (0.06B, +9.64%) and Aptos (0.28B, + 4.03%)。

New project focus: Enhanced Finance is a next-generation structured product infrastructure platform built on the chain, focusing on providing user-encrypted assets with enhanced benefit solutions. NanoVita is a decentrized science (DeSci) platform that combines nanotechnology, artificial intelligence bio-intelligence and real-world assets and aims to innovate in the field of health research. Splyce Finance, an ecological decentrized financial agreement for Solana, aims to provide real benefits from real world assets。

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 rose by about 1.63 per cent during the week, compared with $2.49 trillion last week。

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

Data as of 12 April 2026

This post is part of our special coverage Syria Protests 2011BitcoinThe market value was $1.42 trillion, or 57.02 per cent of the total market value of encrypted currencies. At the same time, the market value of the stable currency was $310.3 billion, or 12.46 per cent of the total market value of the encrypted currency。

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

Data as of 12 April 2026

2. Panic index

The encrypted currency panic index is 13, indicating extreme panic。

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

Data as of 12 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 ABOUT $56,744 MILLION, AND NET INFLOWS THIS WEEK OF $786 MILLION; THE UNITED STATES HAD ACCUMULATED NET INFLOWS OF REAL ETF IN TAIFUNG OF ABOUT $11.67 BILLION AND NET INFLOWS THIS WEEK OF $187 MILLION。

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

Data as of 12 April 2026

4. ETH/BTC AND ETH/USD EXCHANGE RATIO

ETHUSD: PRESENT PRICE $2,202.53, HISTORICAL MAXIMUM $4,946.05, OR 55.48 PER CENT BELOW MAXIMUM PRICE

ETHBTC: CURRENTLY 0.0309772 WITH AN ALL-TIME HIGH OF 0.1238

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

Data as of 12 April 2026

5. DeFi

According to DeFiLlama, the total of DeFi TVL this week was $94,871 million, an increase of about 0.36 per cent compared to $94,524 million last week。

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

Data as of 12 April 2026

The top three public chains, divided by public chain, were the Etheleum chain, accounting for 56.69 per cent; the Solana chain, accounting for 6.02 per cent; and the BNB Chain, accounting for 5.64 per cent。

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

Data as of 12 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 12 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. With regard to the daily turnover of Dex on the chain, the performance of Ton ($0.004B) this week was prominent, with an increase of 226.83 per cent; the remaining chains increased to varying degrees: BNB Chain ($0.618B, +17.05 per cent), Sui ($0.034B, +11.08 per cent), Etheum ($0.614B, +9.06 per cent), Solana ($0.986B, +7.17 per cent) and Aptos ($0.019B, +4.0 per cent) and. In terms of transaction costs, Etherum ($0.01), BNB Chain ($0.001) was more or less the same as last week; Ton ($0.0033) increased by 24.64 per cent; and the remaining chains decreased, respectively, by Solana ($0.001,86.30 per cent), Sui ($0.00096,41.89 per cent) and Aptos ($0.0001, 4.65 per cent)。

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. With regard to active day addresses, the chain has warmed up this week. The number of Aptos (1.366,000) rose by 57.48 per cent; followed by the number of Etheum (587,000) and Ton (127,000) rose by 28.86 per cent and 21.71 per cent, respectively; BNB Chain (2.49 million), Sui (293,000) and Solana (4.086,000) reversed by 1-4 per cent. For TVL, ton ($0.06B) increased by 9.64 per cent; Aptos ($0.28B) increased by 4.03 per cent; the rest of the chain changed little from last week。

Layer 2 data

According to the L2Beat data, the total TVL of the Taifung Layer2 this week was $31.59 billion, an increase of 2.89 per cent over the $30.7 billion last week。

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

Data as of 12 April 2026

The market shares of Base and Arbitrum this week were 35.60 per cent and 16.58 per cent, respectively, ranked first and second。

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

Data as of 12 April 2026

7. Stable currency market value and increase

According to Coinglass, the total market value of the stable currency is $310.3 billion, an increase of approximately 0.12 per cent from $309.9 billion last week. Of this amount, US$ 18,443 million represented 59.44 per cent of the total market value of the stable currency, an increase of 0.19 per cent compared to the previous week ' s 1,840.7; followed by USDC ' s market value of $78.6 billion, or 25.33 per cent of the total market value of the stable currency, an increase of approximately 141 per cent compared with the previous week ' s value of $77.5 billion; and DAI ' s market value of $5.36 billion, or 1.75 per cent of the total market value of the stable currency, which remained at the same level as last week。

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

Data as of 12 April 2026

According to Whale Alert data, USDC Treasury issued a total of 2.2 billion additional USDCs this week, and Tether Treasury sent no additional USDTs this week. This week ' s total increase was 2.2 billion, a decrease of 25.37 per cent from the previous week ' s increase (2,948 million)。

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

Data as of 12 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 12 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 12 April 2026

2. New project insight

Enhanced Finance is a next-generation structured product infrastructure platform built on the chain that focuses on providing beneficial enhancement solutions for user encrypted assets. The agreement uses derivative strategies to help users gain higher returns on mainstream assets, while capital gains are realized through the Volatility Yield strategy。

NanoVita is a decentrized science (DeSci) platform that combines nanotechnology, artificial intelligence bio-intelligence and real-world assets and aims to innovate in the field of health research. The agreement contains four core pillars: nanotechnology data storage (real-time molecular interactive log), AI model (gemini 2.5-driven bio-intellectual simulation), RWA health assets (diversion of health data into tradable assets) and the DeSci protocol。

Splyce Finance, an ecological decentrized financial agreement for Solana, aims to provide real benefits from real world assets. Its core products include a single-asset treasury (which provides fixed interest rates, fixed-term lending services) and a splyceUSDC (an automatic composite stable currency of proceeds). Splyce brings institutional-level assets in traditional finance (e.g. United States Treasury bonds, private credit) into the DeFi area, which is now deployed on multiple chains in Solana, Stellar and Sui, with users participating without the need to certify investors。

III. New industry developments

1. Major industry events this week

OneFootball's Web3 token, OFC officially opened the TGE on April 9, 2026. Users can immediately receive 10% of their total air drop rate on the day of TGE, with the remaining 90% progressively released on a three-by-six-nine-month cycle, with a specific release ratio linked to the user ' s selected locking cycle and activity. The drop was based on the previous BALLS credit system and ranking allocation, covering the initial distribution scale of about 25,000 users and 100,000 OFCs, and was officially opened for pick-up after TGE (official access and timing)。

Setio (ST) launched the Pre-TGE subscription phase on 7 April 2026 (UTC) to release approximately 10 million STs (1 per cent of the total) at a price of about US$ 0.02 as shares before early circulation. The final TGE official opening time of the project has not yet been announced, and the whole is still in the transitional phase of “pre-distribution + lock-in waiting for circulation”, which is designed to reduce short-term shocks through delayed release mechanisms and to screen long-term participants。

Strategic Sale (which can be considered as the core fundraising phase of the current round of IDO) of MultichainZ (CHAINZ) is in progress and is valued at US$ 0.0023 from 27 March to 15 April 2026, corresponding to an estimated US$ 23 million valuation, and plans to release approximately 733 million tokens for distribution. The specific TGE dates have not yet been published, but it is clear that they will be triggered when the main online line and TVL reach a certain scale. MultichainZ is a cross-chain lending agreement for the integration of DeFi with traditional finance that allows users to mortgage and borrow seamlessly between different block chains, while supporting real world assets (RWAs), NFTs and encrypted assets as collateral to achieve more capital efficient cross-chain liquidity management。

2. Major events coming up next week

EarnPark (PARK) plans to launch Token Sale Tier 5 (in the current round of IDO) on 13 April 2026, selling approximately 15 million PARKs (1.5 per cent of the total) at a price of 0.018, corresponding to a valuation of about $18 million, as the last open round before TGE. Subsequently, the project will hold TGE on 1 June 2026 (13:34) and the current era currency will be officially generated and in circulation. EarthPark (PARK) is a Web3 platform for user-oriented asset management and profit optimization, which focuses on “simplified and encrypted asset management” and helps users to reap robust returns in different market environments through strategic products。

Cognibase (COG) plans to launch a new round of IDOs on 28 April 2026, with a fund-raising scale of approximately $200,000, with an initial market value of approximately $135,000/$10 million FDV. In the area of airdrops, the project has a free distribution mechanism in the form of “Launchpool”, with an estimated allocation of about 5 million coins (0.5 per cent of the total) for user incentives and early participation incentives. The project has not yet disclosed a clear time frame for TGE (official circulation on line) and the whole is still at an early stage of the “IDO pre-mobilization + small-scale air drop distribution”. Cognibase is a block-chain service type infrastructure project that emphasizes data and chain-based service capacity, with the issuance of early small disk project paths that are typical of the pace of issuance, i.e., cold start-up through the IDO, before progressive currency flows and ecological construction。

The current Crypto D.app (OBS) financing scheme will continue until 30 June 2026 with an overall target financing of approximately $3.62 million, corresponding to an initial market value of approximately $9.3 million and a FDV of about $30 million. According to the current publicly available information, its TGE is expected to start around July 2026 (after completion of the advance sale), but has not yet been published for a specific online time. Crypto D.app, a Web3 platform for early encryption project discovery and data analysis, mainly aggregates information issued by ICO, IDO, etc., to help users screen potential investment opportunities and track market trends。

Key investment financing last week

The Pharos Network announced the completion of the $44 million A round of financing, supported jointly by the Asia Private Fund, compliance financial institutions and industry capital, which brought its cumulative financing to $52 million with the participation of alumni commercial, SNZ, Chainlink, Flow Trades, etc. The project is located in the Layer1 network, which is oriented towards institutional finance, centred around the RWA (real world asset) chaining, working to access traditional financial and chain-based economic systems and supporting large-scale asset flows through compliance structures and high performance performance. This financing will be used primarily to expand its “realFi” infrastructure and global market layout. (8 April 2026)

oh. xyz completed approximately $7 million in financing, with specific rounds and investment institutions not fully disclosed. The overall positioning of the project is biased towards the Web3 infrastructure and tool layers, aimed at optimizing the interactivity and development efficiency of the chain and lowering user and developer thresholds. The project carries the “intermediate” value of providing a more smooth connection between the bottom protocol and its application, and its financing also reflects the continued interest of the market in improving the orientation of Web3 availability and user experience. (8 April 2026)

The RWA L1 network Simple Chain announced the completion of $15 million in seed ship financing, which was invested by family offices and institutional investors. SimpleChain aims to build the RWA Layer 1 network, which is located in the RWA institutional operating system (Institutional OS). The network will be driven by granular data (Granular Data) and native CaaS and will aim to provide a financial-level infrastructure for the global monetization of real assets. (10 April 2026)