Odaily News Binance Research released its April crypto market report, with the following highlights: The total market value of cryptocurrencies fell by 11.3% in April, mainly due to changes in expectations for interest rate cuts, geopolitical risks, and a slowdown in spot Bitcoin ETF flows; At the same time, the total supply of USD-pegged stablecoins reached a two-year high. The supply of USDT and USDC has been steadily increasing, indicating continued capital inflows into the crypto market; Most of the top ten tokens by market value were in decline at the end of the month, with TON and BNB up 1.0% and down slightly 1.4%, respectively. ETH and BTC both fell by about 8% in April, and XRP and SHIB fell by 17.1% and 19.2% this month, respectively. DOGE, ADA, SOL, and AVAX fell by about 30% by the end of the month; DeFi's overall TVL fell by 0.7% in April. Among the top ten blockchains, Merlin Chain TVL grew the fastest, with an increase of 1,000% and a TVL of more than $1 billion. The NFT market also declined in April, with total monthly sales falling 21% to $1.11 billion. Four of the top five NFT series in terms of sales that month belonged to the Bitcoin ecosystem.