April Crypto Market Recovery Analysis: Over 70% of Tokens Rise, Emerging Projects Stand Out

In April, the crypto market showed signs of moderate recovery. Although mainstream assets are still searching for direction, there has been a certain rebound momentum in the altcoin sector, and market sentiment has eased somewhat. By analyzing data from 397 USDT spot trading pairs on a certain trading platform, we aim to reveal the true state of the market during the period from April 1 to 28, 2025.

Overall Market Performance

Data shows that the market showed a moderate pump in April:

• The average rise is 13.11%, and the median is 7.73%
• 74.1% of the tokens experienced a pump, 25.7% declined.
• Tokens with a rise of over 100% only account for 3.0%, while those with a pump of 50%-100% account for 3.3%.
• Most tokens (67.8%) have a rise between 0%-50%.

This indicates that although the market is warming up, it is still a distance away from a full-blown "altcoin season" frenzy. Most tokens have a relatively restrained rise, and the market is showing structural opportunities.

Characteristics of the Rise List

Observing the top-ranked Tokens by rise, we can identify the following characteristics:

1. Small market cap Token dominates
2. The DeFi sector shows signs of recovery
3. The popularity of AI and Meme themes continues
4. The performance of infrastructure and DEX projects is impressive.
5. Tokens perform well in certain specific ecosystems.

Comparison of New and Old Tokens Performance

Data shows that the market still tends to "buy new and not old":

• The new coins launched in 2025 have the highest average rise, reaching 33.66%.
• Tokens launched in 2023 and 2022 performed next.
• The Token launched in 2024 performed mediocrely, with a rise of only 11.25%.
• The average rise of old coins launched in 2017 is the lowest.

This trend indicates that the market's preference for new assets still exists, and the tokens launched during the bear market have shown stronger vitality.

Track Performance

From the perspective of track classification:

1. Infrastructure (average rise of 27.38%) and AI (average rise of 21%) performed the best.
2. Meme and DEX follow closely behind
3. The overall performance of DeFi is acceptable.
4. The overall rise in public blockchain platform categories lags behind.
5. The RWA sector performed mediocrely.
6. The metaverse and oracle sectors performed the worst.

Ecosystem Performance

The performance differences between different blockchain ecosystems are obvious:

• A certain emerging public chain ecosystem has the largest rise.
• A certain Layer 2 ecosystem and a certain high-performance public chain ecosystem have also shown strong momentum.
• Ethereum and a certain large public chain ecosystem perform close to the market average.
• Some cross-chain ecosystems performed relatively poorly this month.

Market Cap Scale and Performance

Analyzing the performance of tokens with different market capitalization sizes reveals:

• Mid-cap (100 million - 1 billion USD) and large-cap (greater than 1 billion USD) Tokens have an average rise slightly higher.
• Small market cap (<$100 million) tokens are the most numerous, but their average rise is relatively low.
• However, among the top 20 Tokens by rise, 12 belong to the small market cap category.

This may indicate that funds are more likely to flow towards assets that have a certain foundation and consensus, but small-cap tokens still have the potential to create high multiples of rise.

Conclusion

Although the market rebound in April did not reach the level of a comprehensive "altcoin season", it still exhibited some interesting characteristics. New projects and specific sectors performed more prominently, and large and medium market cap tokens overall performed well, while small market cap tokens still have the potential to create high multiples in rise. For investors, the current market environment may be more suitable for selectively choosing individual tokens and sectors, rather than expecting a broad pump.

(Note: This analysis is based on historical data and does not constitute investment advice. The crypto market is highly risky, and investment should be approached with caution.)