A new report from CoinGecko on April 16th about the first quarter of 2026 is quite disheartening for the crypto market. The total market value decreased by 20.4%, down to approximately $2.4 trillion. It has fallen significantly from the October 2025 peak by 45%. Daily trading volume also declined by 27.2%, now only $117.8 billion.



What’s interesting is the status of stablecoins, as reported by CoinGecko. USDT decreased for the first time since Q2 of 2022, down 1.6%, while USDC increased by 2.4% to reach $77.1 billion. Bitcoin itself dropped 22% this quarter, showing that even leading assets are not immune to market pressure.

Specifically, data from CoinGecko indicates that DEXs are undergoing interesting changes. Solana remains the leader with a 30.6% share, but Ethereum gained momentum in March, and Monad appeared in the top 10 for a new trend. Hyperliquid benefited from the HIP-3 upgrade, which enabled trading of commodity futures contracts. These contracts account for about 30% of the platform’s total open interest. Additionally, tradeXYZ had a crude oil futures trading volume exceeding $4 billion yesterday, indicating that the market is starting to look for new trading channels outside of crypto.
BTC-2.08%
SOL-2.14%
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