
USDC’s market cap reached a record high above $60 billion; Crypto.com partners with Trump Media & Technology Group to support TMTG-branded ETFs; Fidelity is exploring the launch of its own stablecoin
Price and volatility indices were down last week by -4.26% and -3.56%, respectively. Volume index was up by +12.27%, led by CRO (+255.70%) and IMX (+58.33%).
CRO’s volume increase coincided with Crypto.com announcing a partnership with Trump Media & Technology Group (TMTG) to support a series of TMTG-branded ETFs. In addition, the US Securities and Exchange Commission (SEC) informed Crypto.com that it has officially closed its investigation into the company and will file no enforcement action against it.
The USDC stablecoin’s supply crossed the US$60 billion market cap milestone and reached a record high of $60.3 billion on 30 March. The overall stablecoin market cap also recently crossed $230 billion. Ethereum dominates the USDC supply with 60% market share, followed by Solana’s 16%.
USDC’s market share increased from 21.6% in the beginning of 2025 to 25.7% on 30 March. The increase in adoption coincided with Circle becoming the first stablecoin issuer to comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA) regulation, which came into effect on 31 December 2024, allowing USDC to be issued to customers in the EU. In addition, USDC dominates stablecoin supply on Solana with a 77% market share, and supply saw a 149% increase year-to-date to reach around $10 billion.
BTC and ETH decreased by -3.1% and -9.3%, respectively, in the past seven days.
Most of the selected top-cap tokens decreased in price, which coincided with US President Trump announcing 25% tariffs on automobile imports and hinting further tariff updates on 2 April. Price increase was led by CRO (+27.5%).
All key categories decreased in market capitalisation in the past seven days, led by the gaming category.
Token | Ticker | MC | 7D (%) | Category | Remarks |
---|---|---|---|---|---|
Ethereum | ETH | $218B | -9.3% | L1 | Ethereum core developers tentatively scheduled the Pectra mainnet upgrade on 30 April, subject to confirmation during the next All Core Devs Consensus call. In addition, the Pectra hard fork finalised on the Hoodi testnet on 26 March. |
USD Coin | USDC | $60B | +0.0% | Stablecoin | Circle announced an expansion to Japan through its domestic entity, Circle Japan KK, and local partnerships to drive adoption of USDC, as well as Circle’s platforms and technologies. Partnerships include a joint venture with SBI Holdings to initiate the launch of USDC through SBI VC Trade and plans for local exchanges to list and distribute USDC in the near future. |
Hyperliquid | HYPE | $4.2B | -22.1% | DEX / L1 | The linking of Hyperliquid’s spot trading platform HyperCore and HyperEVM is live on mainnet, which enables composability for various DeFi interactions. HyperCore’s spot assets are now available for applications on HyperEVM, while HyperEVM builders have a permissionless path to list assets on HyperCore’s orderbooks. |
Berachain | BERA | $792M | +8.5% | L1 | Proof of Liquidity (PoL) is live on Berachain with 37 reward vaults to distribute Bera Governance Token (BGT). The chain’s PoL is enabled with a two-token model: BERA for chain security and BGT for governance and rewards. |
Token | Ticker | MC | 7D (%) | Category | Remarks |
---|---|---|---|---|---|
Walrus | WAL | $530M | +9.9% | Storage | Walrus is a decentralised storage network built on the Sui blockchain, designed to efficiently handle large unstructured data files, such as videos, images, and audio. WAL is the native token that’s integral to payments, security, governance, and encouraging long-term participation in the Walrus ecosystem. |
Fartcoin | FARTCOIN | $463M | -12.5% | Meme | Fartcoin is a meme coin on the Solana blockchain combining humour and community engagement, with origins tied to Truth Terminal, an AI chatbot on X. |
Crypto.com / Cronos News
Adoption
Regulation
Investment Vehicles
Wall Street On-Chain: Will Bitcoin Be Another Asset? | Research Roundup Newsletter [February 2025] | Alpha Navigator: Quest for Alpha [February 2025 |
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