It's So Over (Again)

In Partnership with $IO

Despite the doom and gloom in equity & crypto markets, $IO continues to see incredible strength in compute demand, with compute hours up more than 4.5x since October.

It's So Over (Again)

BTC slipped 6% on the week to $81.4k, ETH is down 11% to $1.8k and SOL down 10% to $124. Equity weakness dragged crypto prices lower, with the S&P down over 3% since Tuesday while QQQ was down over 5% (Gold hit ATHs again today of $3,100/oz). In pre market trading, equities are continuing to trade lower as Trump announced even more tariffs are coming (and potentially a 3rd presidential term). OTHERS has fully retracted the +18% pump from the 3/10 lows, with OTHERS dominance is bouncing around 8.32% (near 2023 and Feb 2021 lows). Expect volatility this week with Trump’s reciprocal tariffs kicking off on 4/2. Sentiment for everything other than BTC continues to be awful, which can be illustrated by ETH ETF inflows (the ETF has seen basically straight outflows for 2 months straight now).

Over the last week, just a few tokens held up well despite bleeding markets, including FORM, TON, MKR and BERA.

MNT x MEXC

Over the week there was still a few coins doing ok, including titcoin and cocoro, but in general most tokens were down only. ghibli lost its luster, trading down to $7mm from the $34mm highs (and the lower liquidity from being on pumpswap is not helping tokens live either). While the weekend saw a few mini runners in pleb ($2.4mm) and MDX ($1.8MM). The GUNZ token is launching today, which will likely get a lot of attention in a market where there’s very little to focus on.

AGiXT was one of the strongest tokens on the day, with little else seeing much of a bid.

Trench attention continues to be split between Base, BSC and SOL (with BSC gaining share the last few days).

SOL onchain mindshare was led by Fartcoin, pleb, Ghibli and titcoin.

The number of users logging in to click buttons and gamble continues to be down only since the February highs.

While overall TG trench trading volumes just hit their lowest level in 16 months.

Interesting projects getting smart follows:

• Swag.fun

• Project02

• MIRA

• Node

In Partnership with INFINIT

If you’re looking for something to tinker with during this boredom, check out all of the innovative infrastructure that INFINIT has built. You can build dapps, launch tokens and deploy AI agents all from INFINIT (and you earn airdrop points too for using).

SMART MONEY CORNER - Presented by chainEDGE

• Nothing notable from smart wallets, outside of new positions in AVA and ai16z.

MEME OF THE DAY