BlockBeats news, on April 16, CoinGecko released the (Q1 2026 Cryptocurrency Industry Report), which indicated that due to bearish momentum at the end of 2025 and global geopolitical instability, the total cryptocurrency market value decreased by 20.4% (62.2 billion USD), ending the quarter at 2.4 trillion USD, about 45% lower than the peak in October 2025. The average daily trading volume decreased by 27.2% to 117.8 billion USD.

The total market value of stablecoins remains at 309.9 billion USD. The supply of USDT has experienced its first decline since Q2 2022 (-1.6%), while USDC grew by 2.4% to 77.1 billion USD.

Due to supply shocks from the US-Iran war, crude oil surged by 76.9%, becoming the best-performing asset in Q1; Bitcoin fell by 22.0%, while Nasdaq and S&P 500 dropped by 7.1% and 4.8%, respectively.

CEX Spot Trading: The trading volume of the top ten centralized exchanges decreased by 39.1% to 2.7 trillion USD, with only 0.8 trillion USD recorded in March, the lowest since November 2023.

DEX On-chain Trading: Solana maintained the first place with a quarterly share of 30.6%, but it was surpassed by Ethereum in March. Monad has entered the tenth position.

Hyperliquid benefits from the HIP-3 upgrade supporting commodity perpetual contracts, with the open interest of commodity contracts accounting for about 30% of Hyperliquid's total position. tradeXYZ's two types of crude oil perpetual contracts saw a single-day trading volume exceeding 4 billion USD on April 9, surpassing Bitcoin's daily trading volume on Hyperliquid for the first time.