CoinW Research Institute Weekly Report (July 27, 2026 - August 2, 2026)

CoinWResearch Institute

Key Points

The total market capitalization of cryptocurrencies worldwide is $2.24 trillion, down from $2.32 trillion last week, representing a decrease of approximately 3.45% this week. As of the time of writing, the cumulative net inflow of Bitcoin spot ETFs in the United States is about $51.32 billion, with a net outflow of $61.53 million this week. The total net asset value is $76.29 billion (down 1.97% from $77.82 billion last week); the cumulative net inflow of Ethereum spot ETFs in the US is approximately $11.21 billion, with a net inflow of $27.42 million this week, and the total net asset value is $10.23 billion (up 0.59% from $10.17 billion last week).

The total market capitalization of stablecoins is $30.63 billion, an increase of about 0.10% from last week's $30.60 billion. Among them, USDT has a market cap of $18.32 billion, accounting for 59.81% of the total market capitalization of stablecoins, down about 0.43% from last week’s $18.40 billion; USDC has a market cap of $7.195 billion, accounting for 23.50%, down about 0.87% from last week's $7.258 billion; DAI has a market cap of $459 million, accounting for 1.50%, down about 1.29% from $465 million last week.

According to DeFiLlama, the total TVL (Total Value Locked) in DeFi this week is $74.629 billion, a decrease of about 2.19% from last week's $76.297 billion. By public chain classification, the top three public chains by TVL are Ethereum, accounting for 54.68%; BNB Chain, accounting for 6.58%; and Tron, accounting for 6.55%.

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

In terms of on-chain data, the transaction activity of mainstream public chains remains stable overall this week. BNB Chain ($1.215B) and Solana ($1.214B) continue to lead the daily trading volumes on DEX, with Solana experiencing a 16.73% increase compared to last week, while Ethereum ($0.519B) is up 36.58%, indicating a clear rebound in on-chain transaction demand. The gas fees across public chains remain low, with Ethereum maintaining at $0.01, while BNB Chain and Aptos continue to hold low-cost advantages. In terms of user activity, BNB Chain reached 2.08 million daily active addresses (+5.58%), surpassing Solana (1.90 million) to become the highest; Ethereum has 439,700 daily active addresses, showing a decline compared to last week. In TVL, Ethereum continues to lead with $41.081 billion, followed by BNB Chain ($4.875 billion) and Solana ($4.774 billion), with overall capital levels remaining stable. Overall, the on-chain transaction activity has warmed somewhat this week, but the capital flow between different public chains shows divergence.

New project focuses: Augustus is a financial infrastructure company aimed at the AI and stablecoin era, positioned as a Global Dollar Bank. Axis Robotics is a robotic data infrastructure project focused on Physical AI (embodied intelligence), aiming to build an open training data network for robots. GetWeave is an AI SaaS customer communication and operations platform aimed at the healthcare industry, primarily serving dental and medical clinics.

Key Points

1. Market Overview

1. Total market cap of cryptocurrencies / Bitcoin market cap share

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. Stablecoin market cap and issuance situation

2. Movements of Hot Money This Week

1. Top five VC tokens and Meme tokens by growth rates this week

2. New project insights

3. Latest Industry Developments

1. Major industry events this week

2. Major events to happen next week

3. Important financing and investment events from last week

4. Reference Links

1. Market Overview

1. Total Market Capitalization of Cryptocurrencies / Bitcoin Market Share

The global Total Market Capitalization of Cryptocurrencies is $2.24 trillion, down from $2.32 trillion last week, a decrease of approximately 3.45% this week.

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

Data as of August 2, 2026

As of the time of writing, Bitcoin has a market cap of $1.27 trillion, accounting for 56.70% of the total cryptocurrency market cap. Meanwhile, the market cap of stablecoins stands at $30.63 billion, accounting for 13.67% of the total cryptocurrency market cap.

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

Data as of August 2, 2026

2. Fear Index

The cryptocurrency fear index is 27, indicating fear; it remains unchanged from last week's 27.

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

Data as of August 2, 2026

3. ETF Inflow and Outflow Data

As of the time of writing, the cumulative net inflow of Bitcoin spot ETFs in the US is approximately $51.32 billion, with a net outflow of $61.53 million this week. The total net asset value is $76.29 billion (down 1.97% from $77.82 billion last week); the cumulative net inflow of Ethereum spot ETFs is about $11.21 billion, with a net inflow of $27.42 million, and the total net asset value is $10.23 billion (up 0.59% from $10.17 billion last week).

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

Data as of August 2, 2026

4. ETH/BTC and ETH/USD Exchange Rates

ETHUSD: Current price is $1,869.67, with a historical high of $4,946.05, representing a drop of about 62.19% from the highest price.

ETHBTC: Currently at 0.029637, with a historical high of 0.1238

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

Data as of August 2, 2026

5. Decentralized Finance (DeFi)

According to DeFiLlama, this week the total TVL in DeFi is $74.629 billion, a decrease of about 2.19% from last week's $76.297 billion.

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

Data as of August 2, 2026

By public chain classification, the top three public chains by TVL are Ethereum, accounting for 54.68%; BNB Chain, accounting for 6.58%; and Tron, accounting for 6.55%.

Data Source: defillama, https://defillama.com/chains

Data as of August 2, 2026

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

Layer 1 Related Data

Mainly analyzing daily trading volume, daily active addresses, and transaction fees of currently major Layer 1 including ETH, SOL, BNB, GRAM (formerly TON), SUI, and APTOS.

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

Data as of August 2, 2026

Daily Active Addresses and TVL: Daily active addresses reflect the ecological participation and user retention of public chains, while TVL reflects user trust in the platform. From the data this week, the overall user activity in mainstream public chains remains stable, but there is some differentiation in capital scales. Ethereum’s TVL is steadily growing, whereas some high-performance public chains see a slight decline. In terms of daily active addresses, BNB Chain (2.08 million, +5.58%) overtakes Solana to become the public chain with the highest number of active addresses this week, further improving user participation; Solana (1.90 million, -0.52%) maintains a high activity level and continues to lead in the industry; Ethereum (439,700, -6.32%) shows a decline compared to last week but still maintains a strong ecological foundation; TON (111,200, +19.29%) shows a notable increase in active addresses, with user participation recovering; Sui (155,700, -18.66%) decreased from last week but still remains at a high level; Aptos (41,500, +2.42%) remains stable overall. In TVL, Ethereum ($41.081 billion, -1.25%) continues to hold the industry lead. Although it has slightly decreased from last week, the overall capital scale remains stable; BNB Chain ($4.875 billion, +0.31%) sees slight growth with relatively stable performance; Solana ($4.774 billion, -1.97%) experiences a slight decline but remains in the fourth tier lead; Sui ($0.416 billion, -3.26%) and TON ($0.0608 billion, +1.33%) show minor changes in capital scales, remaining stable overall; Aptos ($0.0622 billion, +3.67%) sees a small recovery in TVL, improving liquidity.

Layer 2 Related Data

According to L2Beat data, the total TVL of Ethereum Layer 2 this week is $26.81 billion, down about 2.37% from last week's $27.46 billion.

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

Data as of August 2, 2026

This week, the market shares of Base and Arbitrum were 53.49% and 13.91%, ranking first and second.

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

Data as of August 2, 2026

7. Stablecoin Market Value and Issuance Situation

According to Coinglass data, the total market cap of stablecoins is $30.63 billion, up from last week’s $30.60 billion by approximately 0.10%. Among them, USDT has a market cap of $18.32 billion, accounting for 59.81% of the total market cap of stablecoins, down about 0.43% from last week’s $18.40 billion; USDC has a market cap of $7.195 billion, accounting for 23.50%, down about 0.87% from last week’s $7.258 billion; DAI has a market cap of $459 million, accounting for 1.50%, down about 1.29% from $465 million last week.

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

Data as of August 2, 2026

According to Whale Alert data, the USDC Treasury issued a total of 1.75 billion USDC this week, while Tether Treasury issued no new USDT this week. The total issuance of stablecoins this week is 1.75 billion, which is consistent with last week's total issuance of 1.75 billion.

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

Data as of August 2, 2026

2. Movements of Hot Money This Week

1. Top Five VC Tokens and Meme Tokens by Growth Rates This Week

Top five VC tokens by growth rates over the past week

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

Data as of August 2, 2026

Top five Meme tokens by growth rates over the past week

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

Data as of August 2, 2026

2. New Project Insights

Augustus is a financial infrastructure company aimed at the AI and stablecoin era, positioned as a Global Dollar Bank. The project hopes to connect traditional finance, stablecoins, and programmable payment networks through bank-grade infrastructure, providing dollar clearance, payment, and digital asset settlement services for enterprises and financial institutions. Augustus previously operated under the name Ivy and has obtained conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Augustus Bank, aiming to create a new clearing bank for the AI economy and an all-weather financial system.

Axis Robotics is a robotic data infrastructure project targeting Physical AI (embodied intelligence), dedicated to building an open training data network for robots. The project uses a Simulation First model that provides large-scale training data for robotic models through browser-based simulation environments, human operational data, and AI-generated data, while recording data sources and contribution values through on-chain mechanisms. Compared to the traditional model relying on enterprise internal data collection, Axis Robotics aims to lower the barriers to the production of robotic training data through global user collaboration, driving the intelligence of robots from a closed system to an open data network.

GetWeave is an AI SaaS customer communication and operations platform targeting the healthcare industry, primarily serving dental and medical clinics. The project helps healthcare institutions improve operational efficiency through AI Receptionists, intelligent telephone communication, SMS communication, appointment management, payment, and customer relationship management tools. Weave utilizes years of healthcare communication data to train AI capabilities and provides automated solutions that meet healthcare scenario needs, currently servicing over 35,000 medical institution locations.

3. Latest Industry Developments

1. Major Industry Events This Week

On July 27, 2026, the AI payment infrastructure project AEON (AEON) completed its Token Generation Event (TGE) and officially launched on trading platforms. AEON Token has a total supply of 1 billion coins, with an initial circulating supply of approximately 193 million coins. AEON is positioned as a payment infrastructure for the AI Agent economy, providing autonomous payment, service calling, and on-chain settlement capabilities by integrating payment protocols such as x402 and ERC-8004, aiming to connect AI applications, on-chain assets, and real-world business scenarios.

On July 27, 2026, the Solana Meme project EPIK announced that it has completed the destruction of approximately 60% of the token supply and plans to reward holders through community airdrops. The project team stated that they accumulated about 356 million EPIK Tokens through repurchase and plan to use a portion of the repurchased assets for community rewards. The official has not yet announced specific airdrop qualifications, Snapshot time, and distribution rules, with further details awaiting announcement. EPIK is a Meme Token project developed based on the Solana ecosystem, driven by community culture and market dissemination for ecological growth. This destruction, repurchase, and airdrop plan mainly aims to reduce circulating supply and enhance community participation, but the project's long-term value still depends on community activity and sustained market demand.

On July 30, 2026, the decentralized perpetual contract trading platform GRVT (GRVT) completed its Token Generation Event (TGE) and officially launched for trading, also listing on multiple centralized trading platforms. GRVT is an institutional-grade decentralized trading platform built on the ZKsync ZK Stack, positioned as an integrated financial infrastructure that combines perpetual contracts, spot trading, yield products, and on-chain asset management. The project improves fund utilization efficiency through a unified account system, allowing users to participate in yield acquisition, trading margin, and investment scenarios simultaneously. This TGE aims to enhance token initial liquidity and reduce the concentration of selling pressure from airdrop users by launching on multiple exchanges simultaneously with long-term incentive mechanisms.

2. Major Events to Happen Next Week

From July 28 to July 30, 2026, the Meme project Alberich Token (ALBRH) will open IDO public fundraising, planning to raise about $500,000, with a token price of $0.0001, corresponding to a sales volume of about 5 billion ALBRH. According to publicly available Tokenomics information, ALBRH has a total supply of approximately 87.6 billion coins, with an initial release ratio of about 25%, and the remaining part will be released in a linear manner. Alberich Token is a community-oriented digital asset project combining music, mythological IP, AI-generated content, and Meme culture, inspired by the character Alberich from German composer Wagner's "The Ring of the Nibelung," attempting to build a new Meme ecology through storytelling, community interaction, and AI content creation.

On August 3, 2026, the RWA project Shift (SHFT) plans to launch IDO public fundraising, expecting to raise about $500,000. According to publicly available Tokenomics data, SHFT has a total supply of 1 billion coins, with an initial circulating supply of approximately 42 million coins, corresponding to an initial circulating market cap of about $1.26 million and a fully diluted valuation (FDV) of about $30 million. Additionally, the project has launched community points and airdrop activities, where users can accumulate points by participating in RWA trading, community tasks, etc., with points redeemable for SHFT Token rewards in the future. Shift is an infrastructure project focused on the tokenization of real-world assets (RWA), aiming to map the value of traditional financial assets such as stocks and ETFs to the blockchain network, providing users with around-the-clock, permissionless access to on-chain assets through tokenization mechanisms.

Until August 25, 2026, the Web3 entertainment platform Cineflicks (CNF) will continue its Token Presale public fundraising activity, planning to raise $15 million. The sale price of presale tokens is $0.003/CNF, with plans to sell 5 billion CNF Tokens. According to publicly available Tokenomics information, the presale tokens utilize a lock-up mechanism, with tokens purchased by users being gradually released after a 12-month cliff to reduce early market selling pressure. The official has not yet announced specific TGE date and listing platform information. Cineflicks is a blockchain project focusing on Web3 entertainment and streaming content ecosystems, aiming to connect film and television content, creators, and users through token incentive mechanisms.

3. Important Financing and Investment Events from Last Week

Axis Robotics announced the completion of $12 million in seed round financing, led by Hack VC, with participation from Nomad Capital, 10K Ventures, Pi Network Ventures, and others. The funds will be used to expand robotic training data generation capabilities, enhance simulation environment capabilities, and build an open data network aimed at Physical AI. Axis Robotics hopes to construct the data infrastructure needed for robotic model training through simulated data, human feedback data, and real-world robotic data, promoting the intelligence of robots from closed enterprise data systems to open collaborative networks. (July 27, 2026)

Dow Protocol announced the completion of $9 million in seed round financing, led by MH Ventures. Currently, there is limited information disclosed by the project team, and the financing is expected to be used for protocol infrastructure development, ecological construction, and product expansion. Dow Protocol is positioned as a Web3 infrastructure project, with its specific product direction and token planning needing further attention. (July 28, 2026)

World Foundation announced the completion of $52.5 million in OTC (over-the-counter token sales) financing, led by Pantera Capital, with participation from Bain Capital Crypto, Selini Capital, Susquehanna Crypto, Eightco Holdings, Inc., and others. This financing was completed by selling WLD Tokens with a lock-up period, with all participants purchasing WLD Tokens scheduled for a 12-month lock-up period. The funds will be used to expand the World ID verification network, promote access for enterprises and AI agents, and enhance the scale of the World Network ecological applications. (July 24, 2026)