CoinGecko Report: Cryptocurrency Market Q1 Total Market Cap Drops Over 20%, Hyperliquid Oil Contracts Daily Trading Volume Once Surpassed Bitcoin

robot
Abstract generation in progress

ME News Report, April 16 (UTC+8), according to CoinGecko, the total cryptocurrency market cap in Q1 2026 dropped 20.4% to $2.4 trillion, about 45% below the October 2025 peak. During the same period, the total stablecoin market cap remained roughly flat at $309.9 billion, with Tether USDT issuance decreasing significantly for the first time since Q2 2022 by 1.6% to $184.1 billion, and Circle USDC growing 2.4% to $77.1 billion. Bitcoin prices declined 22% quarter-over-quarter, underperforming major US stock indices. Centralized exchange spot trading volume fell 39.1% quarter-over-quarter to $2.7 trillion; among decentralized exchanges, Solana maintained the largest share at 30.6%. Hyperliquid’s open interest in perpetual commodity contracts accounted for about 30% of the total, with 24/7 oil contract trading volume once surpassing the platform’s daily Bitcoin trading volume. (Source: PANews)

HYPE17.44%
BTC1.08%
ME1.53%
4-4.31%
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
  • Pinned