Binance Research – Monthly Market Insights, Apr 2025

The main theme of the report is the analysis of the cryptocurrency market in April 2025.

Key findings include a 4.4% decline in the cryptocurrency market in March 2025 due to volatility following President Trump's executive order to create a strategic bitcoin reserve and uncertainty regarding Federal Reserve interest rate policies. There is an increase in the share of bitcoin held by long-term holders and significant bitcoin adoption, including the creation of a strategic reserve in the US and increased institutional purchases. Changes in the decentralized exchange (DEX) landscape are noted, with Uniswap losing some market share to competitors like PancakeSwap and Raydium. Changes in the Web3 wallet landscape are also highlighted, with Binance Wallet's market share exceeding 50% following the temporary suspension of OKX's DEX aggregator services. Activity on the Pump.fun platform, related to the 'meme coin supercycle' on Solana, decreased after the launch of the $TRUMP token.