CoinW Research Institute Weekly Report (August 3, 2026 - August 9, 2026)

CoinW Research Institute

Key Points

The global Total Cryptocurrency Market Cap is $2.28 trillion, up from $2.24 trillion last week, reflecting an increase of approximately 1.79% this week. As of the time of writing, the U.S. Bitcoin Spot ETF has seen a total net inflow of approximately $52.18 billion, with a net inflow this week of $854 million, and a total net asset value of $79.5 billion, which is an increase of about 4.21% from last week's $76.29 billion; the U.S. Ethereum Spot ETF has seen a total net inflow of approximately $11.46 billion, with a net inflow this week of $245 million, and a total net asset value of $10.74 billion, an increase of about 4.99% from last week's $10.23 billion.

The total market cap of stablecoins is $30.2 billion, down from $30.63 billion last week, representing a decline of approximately 1.40%. Among them, USDT has a market cap of $18.31 billion, accounting for 60.63% of the total stablecoin market cap, which is a decrease of approximately 0.05% from last week's $18.32 billion; USDC has a market cap of $7.22 billion, accounting for 23.91% of the total stablecoin market cap, which is an increase of about 0.35% from last week's $7.195 billion; DAI has a market cap of $458 million, accounting for 1.52%, a decrease of approximately 0.22% from last week's $459 million.

According to DeFiLlama data, the total TVL for DeFi this week is $75.897 billion, which is an increase of approximately $1.268 billion from last week's $74.629 billion, up about 1.70%. By public chain, the top three chains by TVL are Ethereum, accounting for 54.95%; BNB Chain, accounting for 6.50%; and Solana, accounting for 6.43%.

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

In terms of daily on-chain Dex trading volume, this week Solana ($1.38B, +13.68%) and Sui ($0.02B, +40.55%) saw growth, with Solana continuing to maintain the highest trading volume across chains; other chains experienced declines. In terms of transaction fees, this week Ethereum, BNB Chain, Sui, and Aptos remained stable; Solana ($0.0008) and Gram ($0.0009) declined by 57.89% and 18.18% from last week, respectively, lowering on-chain transaction costs further. In terms of daily active addresses, this week Solana (2.01 million, +5.79%), Gram (119,700, +7.59%), and Sui (162,700, +4.49%) experienced growth, while other chains saw declines. In terms of TVL, each chain maintained overall stable growth, with Ethereum ($41.82B, +1.80%) still leading other public chains, followed by BNB Chain ($4.92B, +0.92%) and Solana ($4.86B, +1.80%); Sui, Gram, and Aptos had relatively minor changes.

New project highlights: Fortune Protocol is a liquidity infrastructure protocol for prediction markets that primarily addresses issues such as the decentralization of liquidity in prediction markets, low pricing efficiency for long-tail events, and insufficient capital utilization. K25.ai is a prediction market that combines AI and Web3, mainly integrating live streaming, esports content, and prediction markets, allowing users to make predictions around real-time events, while the platform utilizes AI for event generation, information analysis, and outcome discovery. Trasia is an on-chain perpetual contract trading platform aimed at the Asian market, built on Hyperliquid, primarily providing cryptocurrency perpetual contract trading for Asian users in a non-custodial manner, and plans to further launch perpetual contract markets related to real assets such as Asian stocks using Hyperliquid HIP-3 infrastructure.

Key Points

1. Market Overview

1. Total Cryptocurrency Market Cap / Bitcoin Market Cap Proportion

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 Status

2. This Week's Hot Money Trends

1. Top Five VC Coins and Meme Coins of the Week

2. New Project Insights

3. Industry News Updates

1. Major Events in the Industry This Week

2. Major Events Upcoming Next Week

3. Important Financing Events from Last Week

4. Reference Links

1. Market Overview

1. Total Cryptocurrency Market Cap / Bitcoin Market Cap Proportion

The global Total Cryptocurrency Market Cap is $2.28 trillion, up from $2.24 trillion last week, reflecting an increase of approximately 1.79% this week.

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

Data as of August 9, 2026

As of the time of writing, Bitcoin has a market cap of $1.31 trillion, accounting for 57.32% of the total cryptocurrency market cap. Meanwhile, the market cap of stablecoins is $30.2 billion, accounting for 13.26% of the total cryptocurrency market cap.

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

Data as of August 9, 2026

2. Fear Index

The cryptocurrency fear index is 31, indicating fear; this is an increase of approximately 14.81% from last week's 27.

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

Data as of August 9, 2026

3. ETF Inflow and Outflow Data

As of the time of writing, the total net inflow to the Bitcoin spot ETF in the U.S. is approximately $52.18 billion, with a net inflow this week of $854 million, and a total net asset value of $79.5 billion, reflecting an increase of about 4.21% from last week's $76.29 billion; the total net inflow to the Ethereum spot ETF in the U.S. is approximately $11.46 billion, with a net inflow this week of $245 million, and a total net asset value of $10.74 billion, an increase of about 4.99% from last week's $10.23 billion.

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

Data as of August 9, 2026

4. ETH/BTC and ETH/USD Exchange Rates

ETH/USD: Current price $1,913.29, historical highest price $4,946.05, with a drop of about 61.30% from the highest price.

ETH/BTC: Currently at 0.029439, historical highest was 0.1238

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

Data as of August 9, 2026

5. Decentralized Finance (DeFi)

According to DeFiLlama data, the total TVL for DeFi this week is $75.897 billion, which is an increase of approximately $1.268 billion from last week's $74.629 billion, up about 1.70%.

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

Data as of August 9, 2026

By public chain, the top three chains by TVL are Ethereum chain, accounting for 54.95%; BNB Chain, accounting for 6.50%; and Solana, accounting for 6.43%.

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

Data as of August 9, 2026

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

Layer 1 Related Data

This section analyzes major Layer 1 chains including ETH, SOL, BNB, GRAM (original TON), SUI, and APTOS in terms of daily trading volume, daily active addresses, and transaction fees.

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

Data as of August 9, 2026

On-chain Dex Daily Trading Volume and Transaction Fees: On-chain DEX daily trading volume and transaction fees are important indicators for measuring the activity of public chain ecosystems and user trading experiences. In terms of on-chain Dex daily trading volume, this week Solana ($1.38B, +13.68%) and Sui ($0.02B, +40.55%) saw growth, with Solana maintaining the highest trading volume, while other chains experienced declines, specifically Ethereum ($0.37B, -28.71%), BNB Chain ($0.68B, -44.03%), Aptos ($0.02B, -15.97%), and Gram ($0.002B, -34.43%). In terms of transaction fees, this week Ethereum ($0.01), BNB Chain ($0.00001), Sui ($0.0004), and Aptos ($0.000001) remained stable; Solana ($0.0008) and Gram ($0.0009) dropped by 57.89% and 18.18% from last week respectively, further reducing on-chain transaction costs.

Daily Active Addresses and TVL: Daily active addresses reflect the level of ecosystem participation and user stickiness, while TVL reflects user trust in the platform. In terms of daily active addresses, this week Solana (2.01 million, +5.79%), Gram (119,700, +7.59%), and Sui (162,700, +4.49%) saw growth, with Solana maintaining the largest active address count, while other chains experienced declines, specifically BNB Chain (1.9 million, -8.65%), Ethereum (374,000, -14.13%), and Aptos (36,400, -12.31%). In terms of TVL, all chains maintained overall stable growth, with Ethereum ($41.82B, +1.80%) still leading other public chains, followed by BNB Chain ($4.92B, +0.92%) and Solana ($4.86B, +1.80%); Sui ($0.42B, +0.96%), Gram ($0.06B, -1.32%), and Aptos ($0.06B, -3.54%) showed relatively small changes overall.

Layer 2 Related Data

According to L2Beat data, the total TVL of Ethereum Layer 2 this week is $2.695 billion, which is an increase of approximately $1.4 million from last week's $2.681 billion, a week-on-week increase of about 0.52%.

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

Data as of August 9, 2026

This week, Base and Arbitrum have market shares of 54.59% and 14% respectively, ranking first and second.

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

Data as of August 9, 2026

7. Stablecoin Market Cap and Issuance Status

According to CoinGlass data, the total market cap of stablecoins is $30.2 billion, down from $30.63 billion last week, a decline of approximately 1.40%. Among them, the market cap of USDT is $18.31 billion, accounting for 60.63% of the total stablecoin market cap, which is a decrease of about 0.05% from last week's $18.32 billion; the market cap of USDC is $7.22 billion, accounting for 23.91%, which is an increase of about 0.35% from last week's $7.195 billion; DAI has a market cap of $458 million, accounting for 1.52%, a decrease of approximately 0.22% from last week's $459 million.

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

Data as of August 9, 2026

According to Whale Alert data, this week the USDC Treasury issued a total of 2.5 billion USDC, while Tether Treasury had no new USDT issuance this week. The total issuance of stablecoins this week was 2.5 billion, an increase of 750 million from last week's total issuance of 1.75 billion, approximately up by 42.86%.

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

Data as of August 9, 2026

2. This Week's Hot Money Trends

1. Top Five VC Coins and Meme Coins of the Week

Top Five VC Coins with Highest Increase in the Past Week

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

Data as of August 9, 2026

Top Five Meme Coins with Highest Increase in the Past Week

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

Data as of August 9, 2026

2. New Project Insights

Fortune Protocol is a liquidity infrastructure protocol for prediction markets that primarily addresses issues such as decentralized liquidity in prediction markets, low pricing efficiency for long-tail events, and insufficient capital utilization, and it builds predictive derivatives and liquidity management tools combining AI. Fortune Protocol has completed its seed funding round, with investors including TBV, Cogitent Ventures, etc.; in early August, it also completed a Pre-A funding round, receiving support from MH Ventures, Mapleblock Capital, and other institutions.

K25.ai is a Web3 prediction market that combines AI, primarily integrating live streaming, esports content, and prediction markets, allowing users to watch esports, sports, entertainment, and creator live content while making predictions around real-time events, and the platform uses AI for event generation, information analysis, and outcome discovery.

Trasia is an on-chain perpetual contract trading platform aimed at the Asian market, built on Hyperliquid, primarily providing cryptocurrency perpetual contract trading for Asian users in a non-custodial manner, and plans to further launch perpetual contract markets related to real assets such as Asian stocks using Hyperliquid HIP-3 infrastructure. Trasia was co-founded by Mable Jiang and Edison Chen, with Mable Jiang having previously served as a partner at Multicoin Capital and the Chief Revenue Officer at Find Satoshi Lab, the development team behind STEPN. The team has strong resources in the Asian Web3 market and trading business.

3. Industry News Updates

1. Major Events in the Industry This Week

The DeFi digital credit protocol Saturn Foundation announced that from August 4 to August 13, it will provide double points on the Pendle market for USDat and sUSDat expiring on January 14, 2027, on Monad. According to the rules, double points generated before August 8 will be accounted for in Gravity Points (Q1), and those generated from August 9 will be accounted in Orbital Points (Q2). The core value of this event for users participating in Monad, Pendle, or RWA yield asset interactions is to simultaneously earn both basic yield and additional points through the same capital position. Future attention may be given to whether Saturn will link points with token distribution, ecological incentives, or Q2 rewards.

The Web3 AI operating system project DAPPOS launched its airdrop website on August 5 and opened the first-phase airdrop check. Users can check their eligibility for DOS token distribution through the official airdrop entry. Previously, DAPPOS announced the DOS token economics, with a total supply of 1 billion DOS, of which 6% is allocated for airdrop; in the airdrop part, 3% will be released at TGE, and the remaining 3% will be distributed evenly within three months after TGE. DAPPOS positions itself as an AI operating system aimed at Web3, significantly reducing the operational threshold on-chain through intent execution, account abstraction, and AI products.

The holding airdrop activity for USD1 was extended on August 7, enabling eligible users to share a total of 170 million WLFI rewards during the activity. The activity period is from August 7 to September 4, with WLFI rewards distributed to qualified USD1 holders every Saturday before 2:00 pm during the activity. According to the rules, USD1 holdings in the spot account, fund account, leverage account, and contract account are all included in the statistics; users holding USD1 in the contract or leverage account can earn 1.2 times the rewards if the daily amount of USD1 contracts that remain open meets the requirements.

2. Major Events Upcoming Next Week

The final batch of UP airdrop claims from Superform will enter the cutoff window on August 10. According to public information, the last batch of UP airdrop claims has already opened, and tokens that remain unclaimed after August 10 will be redistributed to the community. Superform is a multi-chain yield distribution and fund routing protocol that has previously completed UP TGE and formed airdrop distribution standards through points, community sales, sUP staking, Piggy Balance, etc.

The meme project Alberich Token (ALBRH) plans to conduct its TGE and token distribution on August 11. Previously, ALBRH completed Spores IDO and is still conducting IDO sales on Kommunitas. According to publicly available sales information, the Spores round token price is $0.0001, with a sale quantity of 5 billion ALBRH; the Kommunitas round aims to raise approximately $400,000 with a sale quantity of 4 billion ALBRH, also priced at $0.0001. The project's total supply is approximately 87.6 billion, and a portion of the tokens will be unlocked at TGE. ALBRH is characterized as a meme and narrative community asset, with participation value mainly in terms of initial liquidity after TGE, IDO share unlock, and community propagation heat, but its long-term performance remains highly dependent on market sentiment and community sustainability.

The Apyx Foundation's compensation claim window will end on August 15. According to public information, the Apyx Foundation has approved a compensation plan for users suffering realized losses during the apxUSD depegging event. Qualified users need to complete the verification process and submit claims before the deadline. Apyx is a DeFi protocol built around yield-bearing stablecoins and dividend-supported assets, previously launching Pips points and APYX airdrop plans. This August 15 date is not a typical market activity but rather a specific cutoff for affected users’ compensation claims, having strong time sensitivity for related apxUSD holders, who must prioritize verifying their eligibility, loss records, and the official claim entry.

3. Important Financing Events from Last Week

Yellow Card completed a $40 million strategic financing round, with investors including Blockchain Capital, Polychain, Sony Innovation Fund, and SC Ventures, among others. Yellow Card is a cryptocurrency trading platform primarily providing users with buying, selling, transferring, receiving, and storing services for digital assets like Bitcoin, supporting various local payment methods to reduce user entry barriers to cryptocurrency markets. As a crypto financial service platform targeting emerging markets, Yellow Card's core value lies in connecting local fiat payment networks with digital asset liquidity, providing individuals and businesses with more convenient cryptocurrency trading and funding services. (August 4, 2026)

JPYC completed a $38 million Series B2 financing round, backed by AZ-COM Maruwa Holdings; this funding round raised the total financing amount to approximately $34.26 million. JPYC is a Japanese yen stablecoin issuer and operator committed to providing compliant yen stablecoin infrastructure to support users in making payments, NFT purchases, and exchanges between crypto assets and real goods on-chain. JPYC has been deployed on Ethereum, Polygon, Avalanche, and several other public chains and is promoting applications around Japan’s local payments, enterprise settlement, and digital yen circulation scenarios. (August 6, 2026)

Dow Protocol completed a $10.5 million seed financing round, with investors including MH Ventures, Mapleblock, Animoca Brands, Arcane Group, HSK, and Essentia Partners. Dow Protocol is an RWA platform aimed at e-commerce financing scenarios, with a core goal of bringing receivables, order cash flows, or working capital needs from e-commerce operations into the on-chain financial system, providing merchants with more immediate, open, and algorithmically managed working capital solutions. (August 7, 2026)