Main Highlights –#Binance
1. Market Rebound:
The overall crypto market rose by 10.8% in April.
The rise was due to better global conditions, regulatory clarity, and growing interest in ETFs (investment funds).#TradeStories
2. Top Performers:
SUI: +54% – Big jump thanks to Grayscale support and a Mastercard partnership.
Solana $SOL +15.2% – Helped by Canada’s first SOL ETF.
Bitcoin $BTC ( +13.2% – Strong due to ETF inflows, hedge against inflation, and Arizona’s Bitcoin law.
3. Lower Performers:
Ethereum (ETH): -2.6% – Faced tough competition and slow adoption of Layer-2 upgrades.
BNB: -0.4% – Despite good updates (hard fork, token burn), performance was flat.
4. DeFi (Decentralized Finance):
TVL (Total Value Locked) in DeFi grew by 3.3%.
Growth was supported by lighter tax rules and stablecoin regulation progress.
BNB Chain, Solana, and Tron saw growth, while Ethereum and Arbitrum lost users due to higher costs.
5. NFTs & Stablecoins:
NFT trading dropped to the lowest levels in years.
USDC became more popular than USDT in some areas, growing to 26.2% market share.
6. Institutional Adoption:
More institutions are entering the crypto space, especially through Bitcoin ETFs.
Focus is shifting to faster and cheaper blockchain networks.
