On-chain Weekly Digest: ProShares‘ Three XRP ETFs approved
Raydium's leading role in DEX volume, Meebits' new AI agent...
On-Chain Overview
BTC’s recent rally is driven by strong spot buying and healthy funding rates, while ETF inflows and Binance outflows signal continued institutional interest. Meanwhile, the Meme market shows signs of early recovery, with Sui and Base ecosystems gaining traction through incentives and speculative narratives.
The crypto total market cap rose by 10.49% to $2.95T, while total DEX volume surged 60.26% to $77.01B over the past week. Solana led chains by DEX volume with $20.01B (+31.94%), and Hyperliquid ranked as the top DEX by revenue.
（Data accurate as of: April 28, 2025, 8:00am, UTC）
Altcoin, Meme Coin, NFT & RWA
Altcoin market cap rose by 8.99% to $834.5B, while tokenized RWA and NFT markets saw moderate growth. Meme coins outperformed, with market cap up 22.22% and weekly trading volume soaring 113.58% to $60.53B.
（Data accurate as of: April 28, 2025, 8:00am, UTC）
Macro, Stocks & Commodities
U.S. equities rallied, with the S&P 500 up 5.67% and the Nasdaq 100 surging 7.82%, while gold prices dipped 0.86%. Bond yields and the JPY weakened, the DXY edged higher by 1.34%, and VIX dropped sharply by 20.64%.
（Data accurate as of: April 28, 2025, 8:00am, UTC）
Key Events of the Week
AI agent| Meebits make move into AI agent（22 APR）
Meebits x onchain AI agents went live on 23 APR, powered by $THINK.
Defi | Raydium leads DEX volume on SOL (24 APR)
Solana’s DEX war is intensifying as Raydium, Orca, and Pump.fun compete closely for volume share, with Raydium still leading.
ETF | ProShares Gets SEC Greenlight for Three XRP ETFs (28 APR)
The funds will track prices of XRP-based futures and offer traders a way to make money on longs and shorts.
DEX | Bridged TVL on Unichain has jumped to $250M+ (27 APR)
Following the launch of a $5M @Uniswap v4 incentives campaign on April 15, bridged TVL on Unichain has jumped to $250M+.
Looking Ahead
DEX | Hyperliquid is introducing staking tiers for its HYPE token (30 APR)
The update includes a new fee system with 40% reduced trading fees, going live on April 30, 2025.
SOL | A significant buy of $SOL tokens worth $20m is scheduled around May 1st (1 May)
Sol Strategies will use funds from a convertible note facility to purchase SOL and stake it with their validators.
SUI | Token unlock event for $SUI on May 1, 2025 (1 May)
This includes the release of 88.34 million tokens, worth $266M, representing 2.7% of its supply.
Wrapping Up
From a market data perspective: The total crypto market cap rose 10.49% to $2.95T, driven by a 113.58% surge in meme coin volume, a 60.26% spike in DEX activity, and Solana leading chain-level DEX volume with $20.01B.
From a market events perspective: Institutional interest is reaffirmed by ETF approvals and major buys (e.g., $20M in SOL), while ecosystem incentives on Unichain, Sui, and Hyperliquid continue to attract liquidity and trader attention.
