Analysis of Crypto Assets Market Performance in April: Over 70% of Tokens Rise, Small Market Cap Projects Lead

In April, the Crypto Assets market showed signs of recovery. Although mainstream assets like Bitcoin are still fluctuating within a range, the altcoin sector has displayed signs of revival, and market sentiment has eased somewhat. This article aims to reveal the true dynamics of the recent market by analyzing data from mainstream USDT spot trading pairs on a certain trading platform.

Data description: This study is based on the USDT spot trading pairs from a certain trading platform, incorporating basic information such as token classification and market capitalization, and analyzing a total of 397 valid tokens. The time frame is from April 1, 2025, to April 28, 2025. The rise and fall rates are calculated based on the starting and ending prices during this period.

Overall Market Performance: Mainly Mild Pump

Analysis shows that the market exhibited a general rise in April, but the upward trend was relatively mild:

• The average rise was 13.11%, and the median was 7.73%.
• 74.1% of the Tokens experienced a pump, while 25.7% of the Tokens declined.
• Tokens with a rise of over 100% account for only 3.0%, half of which are new projects launched in April.
• 67.8% of Tokens have a rise between 0% and 50%.

These data reflect that although market sentiment has improved, there is still a distance from a comprehensive "Altcoin Season" frenzy. Market opportunities show structural characteristics rather than a general rise.

Rise Ranking Characteristics

By observing the rise list, we can identify the following characteristics:

1. Small market capitalization Token performs outstandingly.
2. The DeFi sector shows signs of recovery.
3. The Continued Popularity of AI and Meme Themes
4. Infrastructure and DEX projects perform well.
5. Specific ecosystems (such as Solana and BNB Chain) contribute multiple high-rise Tokens.

Year of Project Launch and Performance

Data shows that the market still prefers new projects:

• The average rise of new coins launched in 2025 is the highest, reaching 33.66%.
• The tokens launched in 2023 and 2022 performed next.
• The tokens launched in 2024 performed mediocrely, with an average rise of 11.25%.
• The average rise of tokens launched in 2017 is the lowest.
• Tokens launched in 2021 (the last bull market) performed poorly.

This trend suggests that projects launched during a bear market may have stronger momentum, while those launched during a bull market may lack long-term viability.

Track Performance Analysis

From the performance of different tracks:

• Infrastructure (average rise of 27.38%) and AI (average rise of 21%) performed the most prominently.
• Meme and DEX follow closely behind.
• DeFi has performed reasonably well as a major sector.
• The overall rise of public chain platform categories lags behind.
• The RWA track performs mediocre.
• The metaverse and oracle sectors performed the worst, but the sample size is relatively small.

Ecosystem Performance

The performance of different blockchain ecosystems varies:

• The Sui ecosystem has the largest rise, but the sample size is relatively small.
• The Base ecosystem and the Solana ecosystem also show a strong average rise.
• The Arbitrum ecosystem performs well.
• The overall performance of the Ethereum and BNB Chain ecosystems is close to or slightly below the market average.
• The Polygon, Cosmos, and Polkadot ecosystems performed relatively poorly this month.

It is important to note that this part of the data is based solely on the Tokens launched on a certain trading platform and may differ from the overall performance of various ecosystems.

Market Capitalization Scale and Performance

Analyzing the performance of tokens with different market capitalization sizes reveals:

• The average rise of medium market capitalization (100 million - 1 billion dollars) and large market capitalization (greater than 1 billion dollars) Tokens is slightly higher than that of small market capitalization (less than 100 million dollars) Tokens.
• This may indicate that funds are more likely to flow towards assets that have a certain foundation and consensus.
• In terms of quantity, small market capitalization tokens still dominate, reaching 242, accounting for 60%.
• There are 116 mid-market capitalization tokens and only 28 large market capitalization tokens.

Overall, the market rebound in April was limited, and there was no comprehensive major reversal. New projects are more favored by the market, while projects launched during the last bull market performed relatively poorly. Medium to large market capitalization Tokens saw a larger overall rise, but small market capitalization Tokens are more likely to experience high multiples of increase. For investors, the current market environment may be more suitable for selecting individual Tokens and sectors, rather than expecting a comprehensive "altcoin season" where everything rises.

(This article is based on historical data analysis and does not constitute investment advice. The crypto market is highly volatile, and investment should be approached with caution.)