[비즈한국] This article provides a weekly summary of market conditions and trends for major cryptocurrencies within the top 100 by market capitalization. We offer comprehensive core information, covering not only major coins like Bitcoin and Ethereum but also key issues in the altcoin market and global policy variables. You can understand the volatile cryptocurrency market as easily and enjoyably as watching Netflix.
According to the global virtual asset market tracking site CoinMarketCap, Siren recorded the highest weekly growth rate of 257.04% in the cryptocurrency market from 7 AM on April 3 to 7 AM on April 10. Siren's current price is 1,038 won, and it has risen 24.85% over the last 24 hours, showing a strong short-term trend. Siren is an Ethereum-based decentralized options trading platform that recently launched 'Siren V3,' a new protocol with enhanced AI-related asset hedging functions. Its implementation of traditional derivative market structures in a blockchain environment is gaining significant attention.
Zcash came in 2nd with a weekly growth rate of 53.65%. Zcash is currently priced at 545,823 won, having risen 13.34% in the last 24 hours. Zcash is a privacy coin that uses zero-knowledge proof (zk-SNARKs) technology to completely conceal the identities of transaction participants and the transaction amounts. Demand has expanded recently as discussions regarding the guarantee of digital asset privacy rights have emerged in the U.S. Congress.
Monad rose 37.15% over the week. Monad is currently priced at 50 won and has risen 7.46% in the last 24 hours, continuing its upward trend. Monad is a high-performance Layer 1 blockchain designed to process thousands of transactions per second in parallel. Its technical strengths include EVM compatibility, which allows existing Ethereum apps to be ported without changes, and a low-latency structure.
edgeX showed a weekly growth rate of 27.86%. edgeX is currently priced at 1,436 won, and with a 2.64% decline in the last 24 hours, it appears to be in a short-term consolidation phase. edgeX is a project building infrastructure dedicated to on-chain derivative trading, characterized by a structure that ensures transparency by recording trade orders directly on the blockchain.
Morpho placed 5th with a weekly gain of 24.08%. Morpho's current price is 2,724 won, and it rose 7.20% over the last 24 hours. Morpho is a DeFi protocol that automatically adjusts interest rates between lenders and depositors. Thanks to its structure that enhances capital efficiency in the Ethereum ecosystem, institutional liquidity inflows continue to rise.
Dash rose 23.00% and is trading at 54,783 won. Arbitrum is trading at 158 won, up 17.83%.
At the same time, NEAR Protocol is at 2,002 won, up 17.20%. Internet Computer recorded a growth rate of 14.65% and is trading at 3,779 won. Aerodrome Finance rose 14.10% to 526 won.
The surge in Siren was decisively triggered by the unveiling of the 'V3 Protocol,' an options liquidity market introduced in early April. As participants in the options market flocked to the testnet, trading volume increased more than threefold, leading industry analysts to suggest that “a structure combining AI-based data prediction functions has opened a new derivative trend within DeFi.”
The background of Zcash's rise lies in the draft of the 'Crypto Asset Privacy Protection Act' released by the U.S. Treasury Department on April 5. As concerns over regulations on anonymous transaction coins eased, the market took this as positive news, with assessments suggesting that “expectations for the institutional integration of privacy assets have grown.”
Monad drew attention with the release of the 'Testnet Beta-3' version, which has been ongoing since last week. After multiple media outlets including Bloomberg and The Block reported that the network's processing speed was approaching that of Solana, investor interest surged, and experts explained that “the competitive landscape for next-generation high-performance Layer 1s has begun in earnest.”
This week, within the top 100 by market capitalization, themes such as the convergence of AI and DeFi, clarification of regulations, and the generational shift in high-performance L1s stood out as market drivers. The market showed a pattern of rotational buying centered on protocols with active technological experimentation, and experts analyzed that “issues regarding enhanced real-world utility are acting as short-term momentum.”
※ This article was written by Bizhankook and MetaVX's generative AI together.