Gate Research Institute: In April, the crypto market rebounded with volatility, with RWA and on-chain capital flow becoming focal points

Mars Finance News, Gate Research Institute recently released the “Cryptocurrency Market Review April 2026” report, which points out that the overall cryptocurrency market in April showed a volatile upward trend, with the total market capitalization significantly rising compared to March, and the trading volume of BTC and ETH ETFs remaining highly volatile. The report shows that the activity levels of major public chain ecosystems continue to differentiate. Solana’s daily trading volume remains in the range of approximately 90 million to 110 million transactions, maintaining its leading position. Regarding hot sectors, the report states that Pokemon TCG RWA has become one of the fastest-growing on-chain RWA segments and entered a secondary explosion phase in April. Major trading platforms’ monthly trading volume exceeded $220 million, with weekly revenue once approaching $6 million, setting a new record high. Meanwhile, Aave experienced its most severe liquidity shock in history in April, with TVL outflows reaching hundreds of billions of dollars within a few days, and a net outflow of over $9 billion for the entire month.

In terms of financing and security incidents, the Web3 industry completed 51 financing deals in April, totaling approximately $834 million, with funds further concentrating in leading financial and infrastructure sectors. Among them, Payward raised $200 million, ranking first for the month. On the security front, Web3 security incidents in April caused losses of about $306 million, an increase of approximately 858% month-over-month, mainly driven by a cross-chain infrastructure attack event involving Kelp DAO with a single loss of about $293 million. The report believes that, against the backdrop of market recovery, on-chain activity and liquidity are increasing simultaneously, but security risks related to cross-chain infrastructure and high-leverage protocols still warrant ongoing attention.