PANews May 9 news, Gate Research Institute released the latest report (Web3 On-chain Data Interpretation), which comprehensively sorted out the Web3 on-chain ecological dynamics in April. The data shows a clear differentiation in the on-chain ecology: Solana, with an average of over 93 million transactions per day, remains at the top, demonstrating strong activity; Ethereum achieved a net inflow of $904 million in a single month, ranking first in the entire network, and the market generally believes this is related to the warming expectations of ETFs. The on-chain performance of Bitcoin also conveys positive signals: large holders with more than 10,000 BTC continue to increase their holdings, UTXO net growth has turned from negative to positive, and on-chain activity is gradually recovering.
In addition, among popular projects, Raydium, the leading decentralized exchange in the Solana ecosystem, launched the token issuance platform LaunchLab, quickly attracting creators and further enriching the variety of on-chain assets. The platform has created a total of 25,207 tokens, with a graduation rate of about 0.84%. The political meme coin $TRUMP surged over 50% in the short term due to offline topics and community incentives, with a significant increase in holders. Its issuing team has accumulated over $320 million in revenue through transaction fees.
Overall, on-chain activity and capital flow are synchronized in recovery, coupled with the warming market sentiment and increased risk appetite, the on-chain performance of mainstream assets and popular protocols deserves continued attention.
