Cryptocurrency Weekly Report (Mar 23 – Mar 29, 2026): Capital Recedes, Divergence Deepens

Market Overview

• Global Market Cap: $2.37 Trillion (down 1.66% WoW).
• BTC Dominance: 56.12% (Market Cap: $1.33 Trillion).
• Fear & Greed Index: 9 (Extreme Fear), indicating highly pessimistic market sentiment and strong risk aversion.
• ETF Capital Flows:
  • BTC ETFs: Weekly net outflow of $296 Million (Cumulative inflow: $55.93 Billion).
  • ETH ETFs: Weekly net outflow of $206 Million (Cumulative inflow: $11.52 Billion).

Capital Flows & Stablecoins

• Total Market Cap: $308.7 Billion (slight decrease of 0.13%).
• Competitive Landscape: USDT (59.63%) leads the market, followed by USDC (25.17%).
• New Supply: 2.40 Billion newly issued this week (USDC 2.34B, USDT 60M), representing a 51.33% drop compared to last week's issuance.

On-Chain Ecosystem Performance

• DeFi Overview
  • Total TVL: $92.769 Billion (down 0.22%).
  • Distribution by Chain: Ethereum (57.03%), Solana (6.85%), BNB Chain (5.69%).

• Layer 1 Activity
  • BNB Chain/Solana: Showed resilience against the market trend; BNB's DEX volume surged 20.06%, and Solana's active addresses grew by 3.93%.
  • Aptos: Stood out with a massive 60.41% spike in daily active addresses.
  • Ethereum: Experienced significant pullbacks, with DEX volume dropping 39.67% and active addresses down by 10.06%.

• Layer 2 Dynamics
  • Total TVL: $30.97 Billion (down 1.81%).
  • The Top Two: Base (35.35%) firmly holds the top spot, significantly widening its lead over Arbitrum (17.01%).

Key Projects & Industry Updates

• New Projects to Watch
  • Tori Finance: A decentralized yield protocol bringing delta-neutral, institutional-grade strategies on-chain.
  • Kairos Swap: A highly efficient cross-chain DEX protocol emphasizing permissionless AMM aggregation to lower friction.
  • Eureka Builder: A decentralized development and collaboration platform for Web3 builders and teams.

• Key Event Reminders
  • Mar 28-30: Decentralized launchpad Orexn conducts the IDO public sale for its native token $OXN.
  • Mar 30: Based, a derivatives trading protocol on Base, conducts its $BASED TGE and direct airdrop distribution.
  • Until Mar 30: Decentralized perpetuals protocol Avantis concludes its engagement-based $AVNT airdrop campaign.
  • Mar 31: Decentralized derivatives platform edgeX plans its $EDGE TGE and official launch.
   

References