Crypto Assets market warms up, Solana development迎来新阶段

This week, the crypto assets market showed an upward trend, with the overall market and most tokens experiencing increases. The market sentiment index rose from 55% to 79%, entering the bullish zone. The market capitalization of stablecoins continues to rise, indicating that institutional funds are increasing their entry, especially with heightened sentiment among American investors.

This week's market is mainly influenced by the easing of the U.S. tariff policy towards China, Trump's decision not to fire Federal Reserve Chairman Powell, and the appointment of new SEC Chairman Paul Atkins. However, the risks of a U.S. economic recession and tariff uncertainties still exist, and this round of rise may merely be a rebound from an oversold condition, which is not sufficient to be seen as a market reversal.

Bullish Assets: SOL, SNX

SOL: The Solana ecosystem is fully rebounding.

The Solana ecosystem shows signs of a comprehensive recovery:

1. The Meme token market is recovering. The trading volume of Meme tokens on the Solana chain has significantly increased, with PumpSwap's daily trading volume maintained between 300 million to 480 million US dollars.

2. The supply of on-chain stablecoins is growing. The supply of stablecoins on the Solana chain has surpassed $12.8 billion, setting a new historical high, reflecting increased investor confidence.

3. Growth in DEX trading volume. The 24-hour trading volume on Solana chain DEX exceeds $3.5 billion, indicating a recovery in on-chain activity.

4. Promotion of decentralized policies. The Solana Foundation has introduced new policies to enhance the degree of decentralization and reduce reliance on the foundation's delegation.

5. Institutional holdings. SOL Strategies issued $500 million in convertible bonds to purchase and stake SOL, providing support for the SOL price.

6. Spot ETF is favorable. The new SEC chairman Paul Atkins has a friendly attitude towards the Crypto Assets industry, which may promote the approval process for the SOL spot ETF.

SNX: Synthetix rebuilds market confidence

Synthetix recently faced a crisis due to the sUSD de-pegging event, but is gradually restoring market confidence through a series of measures:

1. Liquidity Incentives: Stake sUSD/sUSDe LP on Convex to increase the yield to 49.18%.

2. Deposit Incentives: Incentivize users to deposit sUSD through the Infinex project.

3. Staking Incentives: Users are allowed to stake sUSD in the 420 pool to earn SNX rewards.

4. Negative Incentives and Staking Optimization: Adjust staking rules, implement SNX pooled staking, etc.

These measures have pushed the price of sUSD back up to $0.88, the price of SNX has risen to $0.74, and the total locked value of Synthetix has increased by 23.56% to $89.25 million.

Bearish Targets: REZ, OMNI

REZ: Token unlocking or triggering sell-off

Renzo is a restaking protocol based on EigenLayer. Due to the poor performance of the Ethereum ecosystem, the restaking track has lost market attention. REZ will unlock 864 million tokens on April 30, accounting for 8.64% of the total locked amount. This unlocking mainly involves investment institutions and project teams, which may trigger significant selling pressure.

OMNI: Large unlock approaching, selling risk intensifies.

Omni is the interoperability layer of Ethereum. Due to the sluggish Ethereum ecosystem and the poor performance of Layer-2 projects, Omni has also lost value. OMNI will unlock 16.63 million tokens on May 2, accounting for 16.64% of the total locked amount. This unlocking mainly involves investment institutions and project teams, which may trigger significant selling pressure.

Hot Track: MCP

MCP ( model context protocol ) has become a new hotspot in the AI track. MCP, launched by Anthropic, aims to standardize the interaction between external data and applications with large language models. With the MCP-related token Dark on the Solana chain performing well after its launch on Binance Alpha, market interest in MCP-related tokens is rising.

The main advantages of MCP include:

• Real-time data access
• High Security and Control
• Low computational load
• Flexibility and Scalability
• Good interoperability
• Supplier Flexibility
• Autonomous Agent Support

The MCP ecosystem projects include Dark, SkyAI, Solix, HighKey, DeMCP, and UnifAI, most of which are in the early development stage. In the future, MCP's development direction will focus on the implementation and application of decentralized technology, improving interoperability and simplifying the development process.

Next Week's Crypto Major Events Preview

• April 30: US Q1 actual GDP annualized quarterly rate revision; US March core PCE price index year-on-year; US April ADP employment figures
• May 1: US April ISM Manufacturing PMI
• May 2: US April seasonally adjusted non-farm payrolls; US April unemployment rate

Summary

The cryptocurrency market has seen a noticeable increase this week, with market sentiment turning positive. Projects like Solana and Synthetix show signs of recovery potential, while projects like Omni face token unlocking pressure. Although the overall trend is positive, caution is still needed regarding economic recession and policy uncertainty. Investors are advised to maintain a moderate position, manage risks effectively, and wait for clearer policies.