Announcements Web3 On-Chain Data Insights: In April, Solana Tops Activity, Ethereum Sees Capital Inflows, Bitcoin Shows Structural Rebound | Gate Research

Web3 On-Chain Data Insights: In April, Solana Tops Activity, Ethereum Sees Capital Inflows, Bitcoin Shows Structural Rebound | Gate Research

2025-05-09 09:43:43 UTC 69350 Read

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This report provides a summary of Web3 on-chain data for April 2025. Solana maintained an average of over 93 million daily transactions, continuing to lead all blockchains. Among capital flows across major networks in April, Ethereum recorded a net inflow of over $904 million — the highest across all chains. Bitcoin wallet addresses holding more than 10,000 BTC posted cumulative scores between 0.9 and 1.0, indicating a near-universal net buying trend. Net growth in BTC UTXOs remained positive, signaling a recovery in momentum, with new addresses averaging 300,000 per day. This suggests that the rebound is mainly driven by existing users. As of April 28, the LaunchLab platform had created 25,207 tokens, with a graduation rate of approximately 0.84%. Meanwhile, $TRUMP sparked market enthusiasm through golf dinner events and White House visits, pushing its price up by over 50%, alongside growth in both holders and on-chain activity.

- **Overall On-Chain Trends: **April saw divergent performance across ecosystems. Solana secured the top spot in both transaction volume and gas revenue, underscoring its strong mainnet position. Base and Sui witnessed rising activity, showing emerging potential. Although Ethereum led in capital inflows — reversing three consecutive months of outflows — its on-chain activity remained stable. In contrast, Berachain, Polygon PoS, and others faced capital outflow pressures. Overall, leading chains reinforced their dominance, while competition among emerging chains intensified.
- **Bitcoin Key Metrics: **Large-scale Bitcoin holders continued net accumulation, signaling a clear rebound. Net UTXO growth turned positive, on-chain activity increased, and the proportion of profitable Bitcoin addresses rose to 93%, reflecting improving market sentiment.
- **Project Spotlights: **LaunchLab, a new token launch platform introduced by Raydium, rapidly attracted a large number of creators and project teams. As its market mechanisms improve and community ecosystem matures, LaunchLab is poised to become a key driver of financial innovation and user engagement on Solana.
- **Popular Token Data: **The recent $TRUMP rally was largely driven by market news. On April 24, President Trump announced a dinner in May at a golf club near Washington, D.C., for the top 220 holders of $TRUMP. Since its launch, the $TRUMP team has earned over $320 million in revenue from transaction fees.

**Explore the full report:** → <a href="https://www.gate.io/learn/articles/web3-on-chain-data-insights-in-april-solana-tops-activity-ethereum-sees-capital-inflows-bitcoin-shows-structural-rebound-gate-research/8885" target="_blank">Web3 On-Chain Data Insights: In April, Solana Tops Activity, Ethereum Sees Capital Inflows, Bitcoin Shows Structural Rebound | Gate Research</a>

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May 9, 2025
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Web3 On-Chain Data Insights: In April, Solana Tops Activity, Ethereum Sees Capital Inflows, Bitcoin Shows Structural Rebound | Gate Research

Web3 On-Chain Data Insights: In April, Solana Tops Activity, Ethereum Sees Capital Inflows, Bitcoin Shows Structural Rebound | Gate Research

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