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SIGN leads the hot coin ranking, Unichain active addresses increased by 95 times month-on-month丨 Gate Research Institute
Crypto Market Overview
BTC (+1.64% | Current Price 95,190 USDT)
Chart BTC is consolidating in the range of 94,830 to 95,770 USDT, with the bottom price gradually rising based on the upward trend line. In the short term, it has approached the upper resistance level of 95,770 USDT multiple times but has not been able to break through effectively. The trend is oscillating around the 5-day, 10-day, and 15-day moving averages, overall positioned at the end of a converging triangle, awaiting a direction choice.
Trading volume The current trading volume remains at a relatively average level, with no obvious signs of increased activity, indicating a strong sentiment of market participants being on the sidelines.
MACD The fast and slow lines curve upwards near the zero axis, and the histogram transitions from red to green but with moderate amplitude, indicating a slight advantage for short-term bulls, although momentum has not yet fully released. Attention should still be paid to whether trading volume can support the breakout.
ETH (+3.79% | Current Price 1,802.81 USDT)
Chart ETH is oscillating within the range of 1,760 to 1,820 USDT. After a short-term pullback to the support level, it quickly rebounded and is currently fluctuating around the 5-day and 10-day moving averages, overall positioned in the upper part of the oscillation range.
Trading volume At present, the trading volume has recovered, but it is still maintained at a relatively medium level, and there is no obvious signal of a breakthrough in volume.
MACD The fast and slow lines form a golden cross below the zero axis, the histogram turns from green to red, the momentum is slightly enhanced, and the rebound is expected to continue in the short term, but the upper pressure still needs to be broken to confirm.
**ETF ** According to data from SoSoValue, on April 28, the total net inflow of Bitcoin spot ETFs in the United States was $591 million【3】, while the total net outflow of Ethereum spot ETFs was $3.35 million. The data is as of April 29, 10:00 AM (UTC+8).【4】
shanzhai coin Privacy, Telegram Apps, Al Agent Launchpad and other sectors rose by +11.4%, +10.1%, +9.4%, with data as of April 29, 10:00 AM (UTC+8).【5】
Three Major Indices of U.S. Stocks On April 28, the S&P 500 rose 0.06%, the Dow Jones rose 0.28%, and the Nasdaq fell 0.10%. 【6】
Spot Gold The spot gold price is at 3,328.27 USD / ounce, with a daily decline of 0.52%. The data is as of April 29, 10:00 AM (UTC+8).【7】
Fear & Greed Index Fear and Greed Index 60, the market is in a greedy state.【8】
Popular Tokens in the Crypto Market
**SIGN ** EthSign (+173.83%, circulating market value 99.8 million USD)
Hotcoin Observation EthSign is a blockchain-based decentralized infrastructure project that focuses on token distribution, asset management, and smart contract execution. Its core product, TokenTable, is a cross-chain token management platform that supports multiple blockchains such as Ethereum, Base, BNB Chain, and Solana. It has distributed tokens worth over 2 billion dollars to more than 40 million users.
market consensus This week, EthSign announced the completion of the on-chain snapshot and airdropped SIGN tokens to the community on April 28, attracting significant user attention and enthusiasm in the market. Subsequently, the project launched a staking incentive program, allowing holders to earn additional returns through staking, further strengthening the community's willingness to lock up the tokens. Meanwhile, SIGN listed on several well-known exchanges, including Gate.io, enhancing its liquidity and helping to drive prices higher. 【9】
**VIRTUAL ** *Virtuals Protocol * (+40.83%, circulating market cap 977 million USD)
Hotcoin Observation Virtuals Protocol is a decentralized platform that combines blockchain and artificial intelligence, aimed at providing autonomous multimodal AI agents for the gaming and entertainment industry. It ensures transparency and fairness in revenue distribution through an Immutable Contribution Vault (ICV) and introduces the Initial Agent Offering (IAO) mechanism to achieve the tokenization and shared ownership of AI agents. Developers can easily integrate AI agents, such as Pikachu, John Wick, or Mikasa, using the provided SDK to enhance the interactivity and personalized experience of games.
market consensus During the Genesis Launch, Virtuals Protocol discovered that playgameAI was suspected of misleading users into transferring money and undermining community trust, and reacted quickly to refund users' points and VIRTUAL tokens in full. At the same time, it announced the formulation of a compensation plan for users, demonstrating the strong governance ability and high attention of the project team to users, and winning the trust of the market. In the context of the current Rug incidents, VIRTUAL became one of the few projects to launch a refund mechanism and replenishment program in the first place, inspiring the confidence of the community, thereby driving the price of the coin up. 【10】
**MEMEFI ** *MemeFi * (+28.95%, circulating market value 44.3 million USD)
Hotcoin Observation MemeFi is an innovative project built on the Sui ecosystem, aiming to combine Meme culture and decentralized finance (DeFi) elements to create an ecosystem with both entertainment and practical value through community-driven, practical applications and incentive mechanisms. The project emphasizes fair distribution, and 90% of the token supply is given back to the community through airdrops.
market consensus Recently, the overall popularity of the SUI ecosystem has continued to rise, driving attention and investment enthusiasm for various projects within the ecosystem. As part of the SUI ecosystem, MemeFi benefits from this trend, with significant increases in market attention. In addition, MemeFi plans to launch related practical functional applications in June, which will increase user engagement and expand application scenarios, driving growth in token demand and pushing up prices.
Alpha Data
Public Chain Activity 7-Day Ranking: Solana firmly in first place, Unichain shows outstanding performance
On-chain data The top five public chains ranked by the number of active addresses in the past 7 days are: Solana (26.543 million), Unichain (5.805 million), Tron (5.47 million), BNB Chain (5.236 million), and Base (4.752 million). Among them, Solana leads with an absolute advantage, while Unichain and Base, two newer Ethereum Layer 2 public chains, also performed impressively, ranking second and fifth respectively, demonstrating strong user growth momentum.
Emotional Drive Last week, the price of Bitcoin broke through the important threshold of $95,000, and the market sentiment quickly turned optimistic, with capital becoming active again. Especially in the context of outstanding performance in the AI Agent sector, investor sentiment was further ignited, leading to a noticeable increase in on-chain transactions and speculative activities. Although the previous Meme craze had cooled down, during this wave of market rebound, users redirected their attention and funds to the Meme sector on Solana, boosting Solana's on-chain activity.
On-chain dark horse Unichain As an Ethereum Layer 2 network launched by Uniswap Labs, Unichain's number of active addresses increased by 95.4 times month-on-month this week. Built with the OP Stack, with extremely low transaction fees and a high-speed confirmation experience, Unichain quickly attracted the attention of a large number of users and developers, and quickly expanded its user scale with the native DeFi application Uniswap. In contrast, Tron continues to rely on its stablecoin and cross-border payment ecosystem to maintain steady growth, and Base and BNB, as public chains backed by well-known exchanges, are also steadily unleashing the potential of the ecosystem. 【11】
Sui DEX trading volume reaches 3.649 billion USD, setting a new historical weekly high level
On-chain data In the past week, the overall trading volume on the Sui network's decentralized exchanges reached $3.649 billion, setting a new historical weekly trading volume record. Among them, Cetus accounted for 42.8% of the total trading volume on Sui DEX. Momentum surpassed Bluefin to become the second-ranked DEX in terms of trading volume on the Sui chain, and on April 27, it set a new record for single-day trading volume at $91.59 million, demonstrating the rapid increase in activity on the platform.
Ecological Benefits Recently, Sui announced a partnership with xMoney and xPortal to launch the Sui Virtual Mastercard, which integrates with Apple Pay and Google Pay, expanding real-world payment scenarios. The ETF narrative is also fermenting at the same time, and the "SUI ETF" trust entity registered by 21Shares has been focused on by the market. In addition, Sui has a multi-point layout in the fields of GameFi, privacy solutions and financial infrastructure, including the establishment of an on-chain fundraising platform by the Athens Exchange and the launch of an off-chain privacy module by Nautilus to promote the comprehensive development of the ecosystem. The recent multiple benefits of the Sui ecosystem have also become an important driving force for the continuous increase in transaction volume. 【12】
Last week, crypto asset investment products recorded an inflow of 3.4 billion dollars, setting a new high for the year.
On-chain data As of April 2025, crypto asset investment products have experienced the largest weekly capital inflow since mid-December 2024, marking the third-largest inflow on record, totaling $3.4 billion. Among them, Bitcoin investment products attracted $3.18 billion in capital inflow, becoming the main beneficiary. Ethereum investment products also welcomed a capital inflow of $183 million for the first time after eight consecutive weeks of outflows.
Capital Flow In addition to Bitcoin and Ethereum, SUI and XRP attracted inflows of $20.7 million and $31.6 million respectively, while SOL became the only mainstream token to experience outflows, with an amount of $5.7 million. Blockchain stock ETFs also performed actively, attracting $17.4 million in inflows, mainly focused on ETF products related to Bitcoin mining.
Driving Factors This wave of capital inflow is believed to be due to investors' concerns about the impact of tariffs on corporate profits and the significant depreciation of the dollar, while BTC, as "digital gold", is seen by investors as a new safe-haven asset. American investors dominated this round of capital inflow, contributing $3.3 billion, while investors from Germany and Switzerland contributed $51.5 million and $41.4 million, respectively. 【13】
Reference Material:
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Disclaimer Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products they are purchasing before making any investment decisions. Gate.io does not take responsibility for any losses or damages arising from such investment decisions.