Gate Research Institute has released the latest report "Interpretation of Web3 On Chain Data", which comprehensively summarizes the ecological dynamics of Web3 on chain in April. Data shows that there is significant differentiation in the on chain ecosystem: Solana ranks first with over 93 million daily transactions, demonstrating strong activity; Ethereum achieved a net inflow of 904 million US dollars in a single month, ranking first in the entire network. The market generally believes that this is related to the expected increase in ETFs. The performance on the Bitcoin chain also sends a positive signal: large holders of over 10000 BTC continue to increase their holdings, UTXO net growth turns from negative to positive, and on chain activity gradually recovers.
In addition, among the popular projects, Raydium, the head decentralized exchange of Solana ecosystem, has launched a token issuance platform called LaunchLab, which quickly attracts creators and further enriches the types of assets on the chain. The platform has created a total of 25207 tokens, with a graduation rate of about 0.84%. The political Meme coin TRUMP has surged by over 50% in the short term due to offline topics and community incentives, with a surge in coin holders. Its issuing team has accumulated over $320 million in revenue through transaction fees.
Overall, the on chain activity and capital flow have rebounded synchronously, coupled with the recovery of market sentiment and increased risk appetite. The on chain performance of mainstream assets and popular protocols deserves continuous attention.
