On-chain Weekly Digest: Kaito's InfoFi vision
Alien Punk's notable sales, Magic Eden's Acquisition of Slingshot...
On-Chain Overview
Liquidity rotation and cautious macro signals dominate the current market: while BTC shows signs of technical recovery, low funding rates and ETF outflows suggest investors remain risk-averse, with Beta positioning favored over Alpha hunting.
The crypto market saw strong growth over the past week, with total market cap up 8.46%, DEX volume rising 24.32%, and Hyperliquid leading in revenue while Ethereum remained the top chain by DEX volume.
（Data accurate as of: April 14, 2025, 11:00 AM, UTC）
Altcoin, Meme Coin, NFT & RWA
Meme coins led market momentum with an 18.57% surge in market cap, while NFT market cap dipped slightly despite a 32.5% rise in trading volume; tokenized RWA Market Cap posted moderate gains.
（Data accurate as of: April 14, 2025, 11:00 AM, UTC）
Macro, Stocks & Commodities
Traditional markets rallied sharply with Nasdaq up 11.44% and gold up 5.75%; bond yields surged, reflecting increasing macro volatility.
（Data accurate as of: April 14, 2025, 11:00 AM, UTC）
Key Events of the Week
InfoFi |Kaito Founder Yu Hu lays out ‘InfoFi’ vision（9 APR）
Kaito is creating a new market category called InfoFi by combining AI and crypto to monetize information, backed by strong product-market fit, $33M annualized revenue, 100x YoY growth, and a flywheel-driven ecosystem.
DApp | NFT marketplace Magic Eden acquires Slingshot trading app (9 APR)
Magic Eden is acquiring trading app Slingshot to expand into cross-chain trading and capitalize on app-focused growth, highlighting plans for future social features.
NFT | Alien Cryptopunk sells for 4000 ETH (10 APR)
#3100 Alien Cryptopunk was sold for 4000 ETH the 10th APR.
RWA | OM plunges >90% in an hour from $6bn (14 APR)
$OM on Binance experienced short-term massive drop between 0:30 and 2:55 (UTC+8).
NFT | Opensea sent a letter to the SEC (11 APR)
Opensea is committed to advocating for clear, sensible regulations for NFTs and crypto, and is proud to represent the community.
Looking Ahead
ETH| Ethereum's Pectra upgrade is expected to hit mainnet (25 APR)
Ethereum devs prepare final Pectra test on the new Hoodi testnet after unexpected issues; if successful, mainnet launch could happen by April 25.
Wrapping Up
From a market data perspective: The crypto market showed strong overall momentum, with an 8.46% increase in total market cap, meme coins outperforming with double-digit growth, and NFT volumes rising significantly despite a slight dip in market cap.
From a market events perspective: Notable developments included Magic Eden’s acquisition of Slingshot to expand cross-chain trading, Kaito’s introduction of the InfoFi concept blending AI and crypto, and Ethereum’s upcoming Pectra upgrade targeting a mainnet launch by April 25.
