Look at what the CoinGecko report showed about the first quarter of 2026... the cryptocurrency market has really entered a much more challenging period. The total market capitalization plummeted 20.4%, closing at $2.4 trillion. Considering we were at a much higher peak back in October of last year, the cumulative drop is around 45%. It's a very significant turnaround.



What draws attention in the CoinGecko report is that the volume on centralized exchanges fell even more — a 39% decrease to $2.7 trillion. March was particularly weak, with only $0.8 trillion in monthly volume. Meanwhile, Bitcoin followed traditional markets and declined 22% in the quarter. Interestingly, stablecoins remained stable at $309.9 billion, but the supply of USDT shrank — the first time since 2022.

The most curious thing is that oil was the big highlight, rising 76.9%, while Solana continued to dominate trading on decentralized exchanges with a 30.6% market share. On Hyperliquid, commodity traders already account for about 30% of open contracts. According to CoinGecko, this dynamic shows how the market is adapting to new trading patterns. Basically, the quarter confirmed that we are in a more conservative period indeed.
BTC-1.6%
SOL-2.5%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin