Binance Research Monthly Insight Report Emphasizing Strategic Changes and Developing Narratives

• In March, the size of the general crypto money market decreased by 4.4%, the continuation of the correction of February.
• Providing more discomfort was President Trump’s decision to re -imagine 25% tariffs.

April 2025 launched a critical part marked with a sensitive swing between macroeconomic forces, regulatory breakthroughs and dynamics in the crypto currency industry. While the wider market sees a modest withdrawal, deeper analysis The research by Binance demonstrates the vivid reshaping of the ecosystem from decentralized stock exchanges and meme money to strategic government actions and institutional activities.

A variable walk for crypto markets

In March, the size of the general crypto money market decreased by 4.4%, the continuation of the correction of February. The root causes are largely exotishes, depending on the macro -level factors. In particular, the US federal reserve maintained interest rates by referring to permanent inflationary concerns. This “waiting and see” stance suppressed the risk appetite by weighing crypto values.

It was a controversial decision to maintain more discomfort, to re -imagine President Trump’s 25% tariffs that Canada and Mexico immediately opposed. Public reactions and the following geopolitical friction triggered a $ 1 billion liquidation in the crypto -derivative market – this reminded how much vulnerable digital assets remained for global policy decisions.

Regulatory progress: A sign in the storm

Still, not all glooms. On the regulatory front, important developments brought a clean breath to the sector. Genius Act – a comprehensive crypto regulation frame – the Senate Banking Committee has made progress by cleaning it with bilateral support. More importantly, the currency supervisor (OCC), which allowed banks’ crypto assets to be detained. These movements point to the slow but stable normalization of cryptos within the traditional financial system.

Combined with this positive regulatory floor, the possibility of interest rate deductions later in the year can create an efficient ground for a crypto rally in the middle of the year.

Bitcoin: Strategic accumulation in the middle of price weakness

Although it dropped 2.4% in March, Bitcoin (BTC) remains in the heart of a strategic pivot by the US government. Trump’s strategic Bitcoin reserve creation management order sent mixed signals-Sembolic, while the reserve was financed with BTC, which was lost rather than new purchases, and limited the short-term price effect.

However, the data shows that long -term BTC owners continue to accumulate, which trust in the long -term value of being. Even more challenging is the growth of Bitcoin Defi (BTCFI), which has increased a 2.767% increase in total value (TVL) last year. This tendency points to a paradigm change in which Bitcoin, which is traditionally seen as a passive value tank, is now integrated into decentralized financial products.

Altcoin standouts: ton, island, bnb package leader

A few Altcoins showed flexibility in the midst of wider retreat. He pioneered the accusation of a 17.1% gain, encouraged by the news that VCs such as Toncoin, Sequoia and Benchmark purchased more than $ 400 million from early owners. The user base exploded 4 million to 41 million per year – a remarkable success reflecting increasing benefit and adoption.

Cardano (island) also experienced a moment of victory, to a large extent that the government’s inclusion in the digital asset stock gained 4.4%behind the speculation. Defi ecosystem has grown, the stablecoin market value exceeded $ 30 million – a milestone for a network that is often criticized for slow development tempo.

Meanwhile, BNB rose to 2.5%supported by the world Liberty Financial USD1 Stablecoin and Blockchain’s dominance in the memecoin trade. In March, the BNB chain even exceeded Solana at the volume of Dex on certain days and reflected his increasing traction.

Ripple’s cross -border game and tron’s stablecoin reign

While the XRP saw a 0.4%marginal decrease, Ripple Network took strategic steps. A new partnership with Chipper Cash, a key African payment provider, will provide XRP -based border transfers in nine countries. The legal cloud from the ongoing war with the SEC still focuses on the fluctuation, but the operational network continues to expand.

Tron (TRX) fell by 0.8%, but continued to defend domination in the USDT ecosystem and commanded 78% of all Tether addresses. Tron’s low wages and fast settlement makes a preferred network for stablecoin transfers, even if he often capture cuffs.

Non -central stock market (dex) wars: Uniswap loses its floor

Perhaps in one of the most described shifts, UNISWAP’s market share fell from 45% last year to 29% in March 2025. New competitors – Pancakeswap and Raydium – rape quickly, benefit from aggressive ecosystem incentives and better user experiences. As liquidity trailers and users diversified in chains such as BNB and Solana, UNISWAP’s once -impossible position is under a serious threat.

This change underlines a wider transformation in the view of Dex, where users are no longer loyal to a single platform, and instead of incentives, speed and chain natural opportunities.

Wallet Wars: Binance wallet takes crown

March has seen a dramatic change in the web3 wallet arena, because the Binance wallet exceeded its 50% market share. This followed a temporary stop in OKX’s Dex collector services that triggered a significant transportation. However, Binance’s dominance was not only opportunistic, but also offered new features and incentives connected to the BNB chain event and made a wallet for many retail users.

As the wallet ecosystems become a critical infrastructure for defi, NFT and Gamef, the user war for the user intensifies. Wait more innovation, chain support and experiences to come.

Memecoins: Supercycle may be finished

One of the most fascinating narratives in 2025 is the Memecoin Mani in Solana, centered around the pump. Fun launchpad. But the signs show that Hype is pale. Since the launch of $ Trump, the weekly metrics fell sharply – volume of 69.9%, 51.8%of coin creation and active wallets fell by 45.1%.

Although it is not possible to completely disappear, the decrease in the user interest shows that speculative fatigue may occur. Smart money may now be returning to more benefit -oriented protocols.

Next way: What should be watched in the quarter

Interest rate deductions still on the table, increasing regulatory clarity and the flow of corporate capital to certain projects, Q2 can prepare the ground for a strong recoil. However, risks continue from geopolitical tensions to market disintegration and excessive regulation in key regions.

IMPORTANT activities to be followed include:

• Last vote in the Genius Law in Congress.
• The coin opens its lock for several major projects in mid -April.
• Potential US government announcements regarding the digital asset stock composition.

In summary, April 2025 offers a mixed but ultimately promising look. Strategic reorganizations at Defı point to increasing Bitcoin confidence and the end of Memecoin Super Cycle to a mature market. Investors and builders who can adapt to this changing land will benefit in the coming months.