Gate Research: Crypto Market Recovered with Volatility in April, RWA and On-Chain Capital Flow Became the Focus
Odaily Odaily News Gate Research recently released the "April 2026 Cryptocurrency Market Review" report, stating that the overall cryptocurrency market showed an upward trend with volatility in April, with total market capitalization significantly higher than in March. BTC and ETH ETF trading volumes remained at high levels with fluctuations. The report indicates that activity across major public chain ecosystems continued to diverge. Solana's daily transaction volume remained in the range of approximately 90 million to 110 million transactions, maintaining its leading position.
Regarding trending sectors, the report pointed out that Pokemon TCG RWA has emerged as one of the fastest-growing segments within on-chain RWA, entering a second phase of explosive growth in April. Monthly trading volume on major platforms exceeded $220 million, with weekly revenue once approaching $6 million, setting a new historical record. Concurrently, Aave experienced its most severe liquidity crisis in history in April, with TVL outflows reaching hundreds of billions of dollars within a few days, and net outflows for the entire month exceeding $9 billion.
In terms of financing and security incidents, the Web3 industry completed 51 financing rounds in April, totaling approximately $834 million, with funds further concentrating on leading financial and infrastructure tracks. Among these, Payward ranked first for the month with a $200 million financing round. On the security front, losses from Web3 security incidents in April amounted to approximately $306 million, a month-over-month increase of about 858%, primarily driven by a single cross-chain infrastructure attack on Kelp DAO totaling approximately $293 million. The report suggests that against the backdrop of a market recovery, on-chain activity and capital liquidity have simultaneously increased, but the security risks associated with cross-chain infrastructure and high-leverage protocols remain worthy of continued attention.
