CoinW Research Institute Weekly Report (Period of June 1, 2026 - June 7, 2026)

Key Points

The total market capitalization of global cryptocurrencies is $2.25 trillion, a decrease of approximately 12.45% from last week's $2.57 trillion. As of the time of writing, the total net inflow for the USBitcoin Spot ETF is approximately $53.94 billion, with a net outflow of $325 million this week; the USEthereum Spot ETF has a total net inflow of approximately $11.20 billion, with a net outflow of $5.97 million this week.

The total market capitalization of stablecoins is $310 billion, a decrease of approximately 1.89% from last week's $316 billion. Among them, the market capitalization ofUSDT is $186.89 billion, accounting for 60.29% of the total market capitalization of stablecoins, a decrease of approximately 0.69% from last week's $188.20 billion; followed byUSDC with a market capitalization of $75.68 billion, accounting for 24.41%, a decrease of approximately 0.13% from last week's $75.78 billion; andDAI with a market capitalization of $5.36 billion (almost unchanged from last week), accounting for 1.72% of the total market capitalization of stablecoins.

According to DeFiLlama, the total TVL of DeFi this week is $71.448 billion, a decrease of approximately 10.69% from last week’s $80.00 billion. By public chain classification, the top three public chains by TVL areEthereum, accounting for 51.93%; the BNB Chain, accounting for 7.26%; and Solana, accounting for 6.67%.

This week's performance of major public chains (Ethereum, Solana, BNB Chain, TON, Sui, Aptos):

In terms of daily trading volume on Dex, Solana leads with $1.622 billion, having increased by 72.55% compared to last week; BNB Chain reached $0.831 billion, but decreased by 9.67%; Ethereum rose to $0.786 billion, up 45.56%. Among emerging public chains, Aptos increased to $0.035 billion (+250.00%), Sui rose to $0.049 billion (+63.33%), while TON decreased to $0.0037 billion (-38.33%). In terms of transaction fees, all chains generally maintained low operational costs, with Ethereum ($0.01), BNB Chain ($0.00001), and Aptos ($0.000001) remaining relatively stable; Solana ($0.001), Sui ($0.00063), and TON ($0.0013) saw slight increases compared to last week. Regarding user activity, Sui's daily active addresses increased to 348,000 (+93.50%), leading the growth; Ethereum rose to 586,000 (+16.19%), and Aptos increased to 69,000 (+7.83%); however, Solana fell to 1.55 million (-20.10%) and TON fell to 133,000 (-25.70%), while BNB Chain maintained the highest activity with 2.07 million. In terms of TVL, only TON saw a slight increase to $0.071 billion (+1.43%), while other public chains showed declines; Ethereum still led significantly at $37.14 billion, with BNB Chain and Solana at $5.21 billion and $4.77 billion respectively, down 9.55% and 11.17%. Overall, this week the market showed characteristics of increased trading activity but a decline in TVL.

New project focus: Speed Labs is an AI company specializing in sports data and prediction market infrastructure, dedicated to building a real-time market engine and foundational AI model for sports events. AIVIVE is an AI + Web3 creation platform based on the Solana and Base ecosystems, positioned as the world's first "Recursive AI Protocol." Nova Markets mainly focuses on building a foundational layer for on-chain trading and derivatives markets, with the core goal of further migrating perpetual contracts and prediction market financial products to on-chain execution and settlement systems to enhance market transparency and composability.

Key Points

I. Market Overview

1. Total Market Capitalization of Cryptocurrency/Proportion of Bitcoin Market Capitalization

2. Fear Index

3. ETF Inflow and Outflow Data

4. ETH/BTC and ETH/USD Exchange Rates

5. Decentralized Finance (DeFi)

6. On-chain Data

7. Market Capitalization and Issuance of Stablecoins

II. This Week’s Hot Money Trends

1. Top five VC coins and Meme coins by Growth this Week

2. New Project Insights

III. Industry News

1. Major Industry Events This Week

2. Upcoming Major Events Next Week

3. Key Investments and Financing from Last Week

IV. Reference Links

I. Market Overview

1. Total Market Capitalization of Cryptocurrency/Proportion of Bitcoin Market Capitalization

The globalTotal Market Capitalization of Cryptocurrency is $2.25 trillion, a decrease of approximately 12.45% from last week's $2.57 trillion.

Data source: Bitcoin dominance from cryptorank, https://cryptorank.io/charts/btc-dominance

Data as of June 7, 2026

As of the time of writing, the market capitalization ofBitcoin is $1.27 trillion, accounting for 56.44% of the total cryptocurrency market capitalization. Meanwhile, the market capitalization of stablecoins is $310 billion, accounting for 13.77% of the total cryptocurrency market capitalization.

Data source: coingecko, https://www.coingecko.com/en/charts

Data as of June 7, 2026

2. Fear Index

The cryptocurrency fear index is 9, indicating extreme fear.

Data source: coinglass, https://www.coinglass.com/pro/i/FearGreedIndex

Data as of June 7, 2026

3. ETF Inflow and Outflow Data

As of the time of writing, the total net inflow for the US Bitcoin Spot ETF is approximately $53.94 billion, with a net outflow of $325 million this week; the US Ethereum Spot ETF has a total net inflow of approximately $11.20 billion, with a net outflow of $5.97 million this week.

Data source: sosovalue, https://sosovalue.com/zh/assets/etf

Data as of June 7, 2026

4. ETH/BTC and ETH/USD Exchange Rates

ETHUSD: Current price $1,682.65, historical maximum price $4,946.05, with a drop of approximately 65.99% from the maximum price.

ETHBTC: Currently at 0.026683, historical maximum 0.1238

Data source: ratiogang, https://ratiogang.com/

Data as of June 7, 2026

5. Decentralized Finance (DeFi)

According to DeFiLlama, the total TVL of DeFi this week is $71.448 billion, down approximately 10.69% from last week's $80.00 billion.

Data source: defillama, https://defillama.com

Data as of June 7, 2026

By public chain classification, the top three public chains by TVL are Ethereum, accounting for 51.93%; BNB Chain, accounting for 7.26%; and Solana, accounting for 6.67%.

Data source: CoinW Research Institute, defillama, https://defillama.com/chains

Data as of June 7, 2026

6. On-chain Data (Ethereum, Solana, BNB Chain, Ton, Sui, Aptos)

Layer 1 Related Data

This section mainly analyzes key data related to major Layer 1 chains such as ETH, SOL, BNB, TON, SUI, and APTOS based on daily trading volume, daily active addresses, and transaction fees.

Data source: CoinW Research Institute, defillama, https://defillama.com

Data as of June 7, 2026

Daily Active Addresses and TVL: Daily active addresses reflect the engagement and user retention of public chains, while TVL indicates user trust level in the platform. Regarding daily active addresses, this week only Ethereum (586,000, +16.19%), Sui (348,000, +93.50%), and Aptos (69,000, +7.83%) saw growth, with Sui coming close to doubling its growth, showing the brightest performance; other chains showed declines, namely TON (133,000, -25.70%), Solana (1.55 million, -20.10%), and BNB Chain (2.07 million, -4.61%). In terms of TVL, a downward trend is observed overall this week. Sui ($0.445 billion, -14.42%) and Ethereum ($37.14 billion, -11.76%) saw relatively larger declines; Solana ($4.77 billion, -11.17%) and BNB Chain ($5.21 billion, -9.55%) also decreased; Aptos ($0.192 billion, -12.73%) continued its retracement trend, whereas TON ($0.071 billion, +1.43%) was the only public chain to show growth. In terms of scale, Ethereum ($37.14 billion) still leads significantly; followed by BNB Chain ($5.21 billion) and Solana ($4.77 billion). Overall, this week the market showed characteristics of "declining TVL but increased trading activity", especially with significant improvements in capital utilization efficiency in Solana, Sui, and Aptos.

Layer 2 Related Data

According to L2Beat data, the total TVL of Ethereum Layer 2 this week is $34.35 billion, a decrease of approximately 9.89% from last week's $38.12 billion.

Data source: L2Beat, https://l2beat.com/scaling/tvs

Data as of June 7, 2026

This week, the market shares of Base and Arbitrum are 46.73% and 14.92%, ranking first and second.

Data source: CoinGecko, https://www.coingecko.com/en/chains/layer-2

Data as of June 7, 2026

7. Market Capitalization and Issuance of Stablecoins

According to Coinglass data, the total market capitalization of stablecoins is $310 billion, a decrease of approximately 1.89% from last week's $316 billion. Among them, USDT has a market capitalization of $186.89 billion, accounting for 60.29% of the total market capitalization of stablecoins, a decrease of approximately 0.69% from last week's $188.20 billion; followed by USDC with a market capitalization of $75.68 billion, accounting for 24.41%, a decrease of approximately 0.13% from last week's $75.78 billion; and DAI with a market capitalization of $5.36 billion (almost unchanged from last week), accounting for 1.72% of the total market capitalization of stablecoins.

Data source: CoinW Research Institute, Coinglass, https://www.coinglass.com/pro/stablecoin

Data as of June 7, 2026

According to Whale Alert data, this week the USDC Treasury issued 3 billion USDC, while Tether Treasury issued no new USDT. The total issuance volume this week is 3 billion, which is a 50% increase compared to last week's total stablecoin issuance volume of 2 billion.

Data source: Whale Alert, https://x.com/whale_alert

Data as of June 7, 2026

II. This Week’s Hot Money Trends

1. Top five VC coins and Meme coins by Growth this Week

Top five VC coins by growth in the past week

Data source: CoinW Research Institute, coinmarketcap, https://coinmarketcap.com/

Data as of June 7, 2026

Top five Meme coins by growth in the past week

Data source: CoinW Research Institute, coinmarketcap, https://coinmarketcap.com/

Data as of June 7, 2026

2. New Project Insights

Speed Labs is an AI company focused on sports data and prediction market infrastructure, dedicated to building a real-time market engine and foundational AI model for sporting events. The project integrates event data, odds information, prediction market dynamics, and AI analytical capabilities to provide underlying technical support for sports betting platforms, prediction markets, fantasy sports, and data service providers.

AIVIVE is an AI + Web3 creation platform built on the Solana and Base ecosystems, positioned as the world's first "Recursive AI Protocol". The project combines AI image generation, content community, and on-chain economic models to create an AI creative content network similar to "Civitai + Pinterest". Users can purchase AI image generation services using USDC and engage in content creation, sharing, and remixing on the platform. Its core innovation lies in the introduction of an "income buyback and burn" mechanism: the platform automatically uses part of its income to buy back and destroy ecological tokens, forming a closed-loop economic model of "user creation—platform income—token destruction—value return".

Nova Markets is an early-stage crypto finance project focused on on-chain capital markets and prediction market infrastructure, with the specific founding year not disclosed in public information. The project mainly builds a foundational layer for on-chain trading and derivatives markets, focusing on further migrating perpetual contracts and prediction market financial products to on-chain execution and settlement systems to enhance market transparency and composability.

III. Industry News

1. Major Industry Events This Week

On June 4, 2026, Tea Protocol officially completed its TGE. The project adopts an on-chain liquidity launch model, with tokens entering the market through the liquidity mechanism of the Base ecosystem, rather than the traditional centralized exchange launch. Tea Protocol is an open-source software incentivization network aimed at establishing a sustainable economic incentive system for open-source developers, distributing rewards to open-source projects and developers through on-chain reputation and contribution proof mechanisms, and is seen as an open-source software value capture infrastructure for Web3. The project previously received support from Binance Labs, HashKey Capital, Woodstock Fund, and others.

On June 7, 2026, QoreChain officially announced the launch of its main net and TGE simultaneously. The project is positioned as AI Native + Post-Quantum Layer 1, focusing on quantum-resistant cryptography, secure cross-chain operations, and a multi-VM architecture (EVM, CosmWasm, SVM). According to official disclosures, the total supply of QOR is 4.5 billion tokens, with testnet contributors, validating node participants, and early community members eligible to claim post-TGE. The project aims to enter the "AI + Quantum Resistant Blockchain" track and is currently one of the earlier new public chain projects.

On June 2, 2026, YOM officially completed its TGE and transitioned its main net infrastructure online on June 5. The total token supply is 750 million, with a TGE price of $0.10. At the same time, YOM has launched ecological incentive activities, unlocking the node operation and network reward system to promote the decentralized GPU network's expansion. YOM (YOM) is a decentralized cloud gaming platform built on a DePIN architecture, which integrates global idle GPU resources to provide low-latency, high-performance cloud gaming services for game developers and players. The project aims to build a distributed computing network for AI, real-time rendering, and AAA gaming scenarios, and is seen as one of the representative projects in the DePIN + Gaming + GPU Infrastructure track.

2. Upcoming Major Events Next Week

GRVT plans to complete its TGE by the end of June 2026. According to the previously published roadmap, the Season 2 points activity will end on June 30, followed by the launch of the token generation event. GRVT is an on-chain derivatives trading platform built on the zkSync technology stack, adopting a hybrid order book model, combining a centralized trading experience with an on-chain self-custody settlement mechanism. The project previously received support from Further Ventures, Matrix Partners, and others, and has garnered high attention in the ZK trading infrastructure track.

From June 3, 2026, to June 10, STRATO will launch a one-week Community & Public Sale, using a Continuous Auction (CCA) mechanism for token issuance, which belongs to the public fundraising and price discovery stage before TGE. Users can obtain STRATO token allocation share through participation in bidding or a whitelist mechanism. According to current public information, this sale will only release a small proportion of the total supply, with further tokens unlocked in the TGE stage, and STRATO's formal TGE is expected to be scheduled in Q4 2026, with no specific date announced yet. STRATO is a DeFi + infrastructure project built around RWA, focusing on the on-chain tokenization of physical precious metal assets like gold and silver and combining a multi-asset collateral mechanism (BTC, ETH, LST, and physical assets) to issue the stablecoin USDST, thereby supporting on-chain lending, yield strategies, and liquidity applications.

From June 8, 2026, to June 12, BitFi (BFI) will launch its ICM public offering (Community & Public Sale), using the Continuous Issuance mechanism on the Sonar by Echo platform. Users must complete registration and KYC from June 1 to June 7, after which they can enter the official subscription window on June 8 and complete the settlement and refund process from June 13 to June 16. This public offering plans to issue approximately 10 million BFI tokens (about 1% of the total supply), with an issue price of $0.05 USDC, and the official announcement confirms that the tokens will be 100% unlocked at TGE. BitFi (BFI) is a DeFi platform focusing on the integration of traditional financial returns and on-chain asset management, with its core positioning being to build a "TradFi + DeFi" yield bridging infrastructure, enabling institutional and individual users to access on-chain and off-chain yield strategies through unified protocols, including asset management, yield optimization, and liquidity tool modules, and is seen as a DeFi infrastructure project that leans towards traditional asset management logic.

3. Key Investments and Financing from Last Week

SignalPlus announced the completion of a $50 million Series B1 funding round, achieving a post-money valuation of $500 million. This round of funding was led by HashKey Capital, with BlockBooster and AppWorks participating, and Goldman Sachs acting as the exclusive financial advisor. Among them, BlockBooster Digital Venture Fund I invested $10 million as a cornerstone investor. SignalPlus is an institutional-level service platform focused on digital asset derivatives trading infrastructure, providing professional trading firms with options trading, risk management, market-making, and structured product solutions. (June 1, 2026)

AIVIVE announced the completion of $8 million in institutional financing, with VegaVentures leading with $3 million, and Greenwood Global Capital, Echo3 Labs, UZ Capital, and Bluemount investing a combined $5 million. This round of funding will primarily be used to upgrade AI infrastructure, deploy the AVVP protocol, and enhance the intelligent routing system to improve the automatic decision-making and collaboration capabilities of AI Agents in complex data environments. AIVIVE is a Web3 project focusing on AI Agents and on-chain AI infrastructure, dedicated to building an autonomous AI collaboration network and intelligent routing system, achieving multi-source data scheduling, heterogeneous execution environment collaboration, and Agent-to-Agent (A2A) automated interaction through its self-developed AVVP (AIVIVE Value & Verification Protocol) protocol. (May 31, 2026)

WasabiCard announced the completion of Pre-A funding, with cumulative financing close to $10 million including prior funding. The investors this round include Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC. This round of funding will mainly be used to strengthen global payment infrastructure, expand stablecoin issuance and payment networks, promote international market layout, and continuously invest in compliance system construction. WasabiCard is a Web3 fintech platform focused on stablecoin payment infrastructure, providing enterprises and users with global issuance, cross-border payment, fund settlement, and stablecoin payment solutions, aiming to connect crypto assets with real-world financial scenarios. (June 3, 2026)