The crypto market is experiencing a strong rebound, the Solana ecosystem is fully recovering, and MC has become a new hotspot in the AI sector.

This week, the overall crypto market is showing an upward trend, with the market cap and most Altcoins achieving gains. Market sentiment has significantly improved from a state of gloom, with the sentiment index rising from 55% to 79%, entering the bullish zone. The market capitalization of stablecoins continues to rise, with USDT and USDC increasing by 0.62% and 2.32% respectively, indicating that institutional funds are entering the market in greater force, especially with heightened sentiment among American investors.

This week's increase is mainly influenced by three factors: the easing of the US tariff policy towards China, Trump's statement that he will not fire Federal Reserve Chairman Powell, and the new SEC Chairman Paul Atkins's friendly attitude towards the encryption industry. These factors have contributed to a strong market rebound. However, considering the risks of a US economic recession and tariff uncertainty, this round of increase seems more like a correction of the previous overselling rather than a reversal of the overall trend.

Bullish Targets: SOL, SNX

SOL: Solana ecosystem fully rebounds

The Solana ecosystem is showing a comprehensive rebound, mainly reflected in the following aspects:

1. Meme token trading is active: The trading volume of Meme tokens on the Solana chain has significantly increased, with buying volume consistently higher than selling volume. PumpSwap's daily trading volume is maintained between $300 million and $480 million, accounting for 9% to 19% of the DEX trading volume on the Solana chain.

2. On-chain stablecoin supply growth: The stablecoin supply on Solana has surpassed $12.8 billion, setting a new historical high, reflecting increased investor confidence and liquidity demand.

3. Growth in DEX Trading Volume: The 24-hour trading volume on Solana's DEX exceeded $3.5 billion, and on-chain activity has clearly recovered.

4. Promotion of Decentralization Policies: The Solana Foundation has introduced new policies to strengthen decentralization and reduce reliance on the foundation's delegation.

5. Institutional Accumulation: SOL Strategies issued $500 million in convertible bonds to purchase and stake SOL, with the stock price rising by 23.5%.

6. ETF Bullish: The new SEC Chairman Paul Atkins is friendly towards the encryption industry, which may promote the approval process for the SOL spot ETF.

SNX: Synthetix Rebuilds Market Confidence

Synthetix has recently suffered a heavy blow due to the sUSD depegging event, but is rebuilding market confidence through a series of repair measures:

1. Increase the sUSD/sUSDe LP staking yield to 49.18% to attract liquidity.
2. Incentivize users to deposit sUSD through the Infinex project.
3. Launch sUSD staking incentive program.
4. Optimize the staking mechanism and implement SNX pooled staking.

With the implementation of these measures, the price of sUSD has rebounded to $0.88, the price of SNX has risen to $0.74, and the TVL has increased from $72.23 million to $89.25 million. Although sUSD has not fully restored its peg, the market has seen signs of recovery.

Bearish Targets: REZ, OMNI

REZ: Large unlocks under the low activity of Restaking trigger selling risks

Due to the poor performance of the Ethereum ecosystem, the Restaking sector has lost market attention. REZ will unlock 864 million tokens on April 30, accounting for 8.64% of the total locked amount. The current circulation rate is only 21%, and this unlocking mainly involves investment institutions and project teams, which may trigger significant selling pressure.

OMNI: Large token unlock approaching, selling risk intensifies

The sluggish Ethereum ecosystem has led to poor performance of Layer-2 projects, and Omni, as a Layer-2 connection project, has also lost value. OMNI will unlock 16.63 million tokens on May 2, accounting for 16.64% of the total locked amount, while the current circulation rate is only 19%. This unlocking mainly involves investment institutions and project teams, which may trigger significant selling pressure.

Hot Track: MCP

MCP(Model Context Protocol) was launched by Anthropic and aims to standardize the interaction between AI and external data and applications. With the Dark token related to MCP performing well on Binance Alpha on the Solana chain, MCP has become a hot track recently.

Advantages of MC

• Real-time data access
• High security and control
• Low computing load
• Flexibility and Scalability
• Good interoperability
• Supplier Flexibility
• Support AI autonomous agents

The main MCP ecological projects include Dark, SkyAI, Solix, HighKey, DeMCP, and UnifAI, most of which are still in the early development stage.

Important Economic Data Next Week

• April 30: U.S. Q1 real GDP annualized quarter-on-quarter revision, March core PCE price index year-on-year, April ADP employment change.
• May 1: US April ISM Manufacturing PMI
• May 2: US April non-farm payroll data, unemployment rate

Summary

This week, the crypto market showed a strong rebound, but we still need to be cautious of the risks of economic recession and policy uncertainty. Projects like Solana and Synthetix demonstrate recovery potential, while some projects face token unlocking pressure. MC has become a new hotspot in the AI track, but its long-term development potential still needs validation. With multiple important economic data releases next week, investors are advised to maintain a moderate position and manage risks effectively.