Gate Research Institute: Crypto Market Shows Signs of Recovery in April, RWA and On-Chain Fund Flows Take Center Stage
Odaily reported that Gate Research Institute recently released its "April 2026 Cryptocurrency Market Review" report, indicating that the overall cryptocurrency market exhibited a volatile upward trend in April, with total market capitalization significantly higher than in March. BTC and ETH ETF trading volumes remained at elevated levels with high volatility. The report shows that activity within major public chain ecosystems continued to diverge. Solana's daily transaction volume remained in the range of approximately 90 million to 110 million, maintaining its leading position.
Regarding trending sectors, the report pointed out that Pokemon TCG RWA has become one of the fastest-growing segments within on-chain RWA, entering a secondary explosive phase in April. The monthly trading volume on major platforms exceeded $220 million, with weekly revenue once approaching $6 million, setting new historical highs. Meanwhile, Aave experienced its most severe liquidity shock in history in April, with TVL outflows reaching tens of billions of dollars over a few days, resulting in net outflows exceeding $9 billion for the entire month.
In terms of financing and security incidents, the Web3 industry completed 51 financing rounds in April, totaling approximately $834 million, with capital further concentrating in leading financial and infrastructure tracks. Among these, Payward ranked first for the month with a $200 million funding round. On the security front, losses from Web3 security incidents in April amounted to approximately $306 million, an increase of about 858% month-over-month, primarily driven by a single cross-chain infrastructure attack on Kelp DAO resulting in losses of around $293 million. The report suggests that against the backdrop of a recovering market, on-chain activity and capital liquidity are both rising, but the security risks associated with cross-chain infrastructure and high-leverage protocols warrant continued attention.
