April Crypto Assets Market Recovery Analysis: Altcoins Overall Rise, Emerging Tracks Perform Brightly

In April 2025, the Crypto Assets market experienced a moderate rebound. Although mainstream assets like Bitcoin are still fluctuating within a range, the alts sector has shown signs of recovery, and market sentiment has eased. This article analyzes data from mainstream USDT spot trading pairs on a certain trading platform, revealing the true picture of the recent market.

Overall Market Performance

Analysis shows that in April, the market exhibited a general rise, but the momentum was relatively mild:

• Among the 397 tokens analyzed, the average rise was 13.11%, and the median was 7.73%.
• 74.1% of tokens experienced a pump, while 25.7% of tokens declined.
• Tokens that have risen by more than 100% account for only 3.0%, tokens with a rise of 50%-100% account for 3.3%, and tokens with a rise of 0%-50% account for 67.8%.

These data indicate that although market sentiment has warmed up, there is still some distance from a full-blown "altcoin season" frenzy. The market shows characteristics where structural opportunities outweigh a general pump.

Characteristics of the Rise List

Observing the rise list, we can find the following characteristics:

1. Small-cap coins dominate
2. The DeFi sector shows signs of recovery
3. AI and Meme themes continue to gain popularity
4. Infrastructure and DEX projects perform outstandingly
5. Specific ecosystems (such as Solana and BNB Chain) have contributed multiple high-performing tokens.

Comparison of New and Old Token Performance

Data shows that the market still prefers new projects:

• The average rise of new coins launched in 2025 is the highest, reaching 33.66%.
• The tokens launched in 2023 and 2022 performed next.
• The tokens launching in 2024 have performed moderately, with an average rise of only 11.25%.
• The average rise of old projects launched in 2017 is the lowest.
• Tokens launched in 2021 (the last bull market) performed relatively poorly.

This distribution trend may suggest that projects launched during a bear market have greater long-term development potential.

Track Performance Analysis

From different tracks:

1. Infrastructure (average rise of 27.38%) and AI (average rise of 21%) have become the best-performing sectors.
2. Meme and DEX follow closely behind.
3. DeFi, as one of the largest sectors, has performed reasonably well.
4. Although there are many tokens in the public chain platform category, the overall rise is relatively lagging.
5. The performance of the RWA track is mediocre.
6. The metaverse and oracle tracks performed the worst (but the sample size is small)

Ecosystem Comparison

The performance of different blockchain ecosystems varies:

• Sui ecosystem rise is the largest
• The Base ecosystem and the Solana ecosystem also show a strong average rise.
• The Arbitrum ecosystem is performing well.
• The overall performance of the Ethereum and BNB Chain ecosystems is close to or slightly below the market average.
• The Polygon, Cosmos, and Polkadot ecosystems performed relatively poorly this month.

Relationship Between Market Capitalization and Rise

Analysis shows that large-cap tokens slightly outperformed small-cap tokens in April:

• Mid-cap tokens with a market capitalization of 100 million to 1 billion and large-cap tokens with a market capitalization of over 1 billion have a higher average rise.
• The average rise of small-cap tokens with a market value of less than 100 million USD is relatively low.
• But among the top 20 tokens by rise, 12 belong to the small market cap category.

This may suggest that during this round of rebound, funds are more inclined to flow towards assets that have a certain foundation and consensus.

Conclusion

The market rebound in April showed some interesting characteristics: new projects are more favored, mid-to-large market cap tokens performed better overall, but small market cap tokens still have the opportunity to create high multiples of rise. For investors, the current market environment may be more suitable for selecting individual coins and tracks, rather than expecting a comprehensive "altcoin season" pump.