CoinGecko Report: In Q1 2026, the total market capitalization of cryptocurrencies fell by 20.4%, and CEX trading volume decreased by 39%
CoinGecko's report on the cryptocurrency industry for the first quarter of 2026 shows that the cryptocurrency market has shifted from a sharp correction to a prolonged "winter," with the total market capitalization of cryptocurrencies dropping by 20.4% ($622 billion), ending the first quarter of 2026 at $2.4 trillion, a decrease of about 45% from the peak in October 2025.
The report also states that the market capitalization of stablecoins remains unchanged at $309.9 billion, with a decline in USDT supply, marking the first decrease since the second quarter of 2022.
Crude oil prices performed the strongest in the first quarter of 2026, rising by 76.9%, while btc-42">Bitcoin fell by 22.0% alongside the stock market.
In the first quarter of 2026, the spot trading volume on centralized exchanges decreased by 39.1% to $2.7 trillion, with March setting a new monthly low of $80 billion.
Solana continues to dominate the spot trading volume on decentralized exchanges, expected to hold a 30.6% market share in the first quarter of 2026.
Driven by the demand for all-weather oil trading, commodity traders currently account for about 30% of Hyperliquid's open contracts.
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