Gate Research has released its latest report, “Gate Research: April Crypto Market Review,” providing a comprehensive analysis of market performance, on-chain data, key developments, security incidents, funding information, and upcoming events. The report offers deep insights into the overall market performance and key industry trends.

Key Takeaways

• Tariff Policy Dominates Market Sentiment: Cryptocurrency prices were significantly impacted by U.S. government tariff policies in April. Following the introduction of new tariffs on April 2, BTC and ETH experienced sharp declines of over 10% within a short period, leading to substantial liquidations of long positions in the derivatives market and significant outflows from spot ETFs. However, as tariff policies became more moderate and the U.S. government engaged in negotiations with multiple countries, market confidence gradually recovered.
• Robust On-Chain Activity Defies Macro Volatility: Despite the pronounced impact of U.S. tariff policies on cryptocurrency prices, the fundamentals of major blockchain projects remained largely unaffected. Both before and after the tariff announcement, Solana and Ethereum maintained robust transaction volumes, with Solana processing over 90 million transactions and Ethereum exceeding 1 million.
• Infrastructure Upgrades and Strategic Partnerships: Performance optimization remained a key focus for public blockchains in April. Solana successfully implemented its SIMD-0207 upgrade, increasing the computational unit limit per block to 50 million, a roughly 4% improvement.
• Funding Slowdown Amid Mega-Deals: In terms of fundraising, the total project funding in April amounted to $2.37 billion, marking a significant decrease compared to March. The largest single financing event of the month was Ripple’s $1.25 billion acquisition of Hidden Road.
• Security Risks Persist: Regarding security, the Web3 industry experienced a total of 18 security incidents in April, with cumulative losses reaching $21.1 million. Among these, the DEX perpetual contract project KiloEx suffered a direct loss of $8.44 million due to a security breach.
• May 2025 Market Outlook: May will be a period of intensive activity for the Web3 ecosystem. The Ethereum Pectra upgrade on May 7th, the SEC cryptocurrency roundtable on May 12th, and the Accelerate 2025 summit on May 22nd are all important events for the crypto industry. These events will reflect shifts in industry trends, and investors are advised to maintain close attention.

Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer
This content does not constitute any offer, solicitation, or financial advice. We strongly recommend consulting with a qualified financial advisor before making investment decisions. Users should be aware that Gate.io services may be restricted in certain regions. For complete terms and conditions, please refer to our User Agreement at https://www.gate.io/user-agreement.
Please note that cryptocurrency investments carry high risks. Before investing, it’s essential to thoroughly research and understand the assets and products you’re interested in. Gate.io bears no responsibility for any losses or damages resulting from your investment choices.

Gate.io Team
May 14, 2025

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