The crypto market shows a significant rebound: the Solana ecosystem fully recovers, and MC becomes the new focus in the AI field.

This week, the cryptocurrency market overall showed an upward trend, with the market and most altcoins experiencing increases. Market sentiment has significantly improved from the previous sluggish state, with the sentiment index rising from 55% to 79%, entering the bull territory. The market capitalization of stablecoins continues to rise (USDT reached 145.7 billion, USDC reached 61.9 billion, with increases of 0.62% and 2.32%, respectively), indicating that institutional funds are increasing their entry efforts, especially with a noticeable acceleration of US funds.

This week's market rise is mainly influenced by the following factors: the easing of the U.S. tariff policy towards China, Trump stating that he will not fire Federal Reserve Chairman Powell, and the new SEC Chairman Paul Atkins taking office with a friendly attitude towards the encryption industry. These factors have promoted a significant Rebound in the market. However, the market still faces the impacts of U.S. economic recession and tariff uncertainties, so this week's rise is more of a correction to the previous excessive decline and should not be seen as a fundamental change in market trends.

Bullish Targets: SOL, SNX

SOL: Solana ecosystem fully rebounds

The Solana ecosystem shows signs of a comprehensive rebound, mainly reflected in the following aspects:

1. The Meme token market is rebounding: The trading volume of Meme tokens on the Solana chain has significantly increased, with PumpSwap's daily trading volume maintaining between $300 million and $480 million, accounting for 9% to 19% of the DEX trading volume on the Solana chain.

2. On-chain stablecoin supply growth: The supply of stablecoins on the Solana chain has surpassed 12.8 billion USD, setting a new historical high, reflecting the increased confidence of investors in the ecosystem.

3. DEX trading volume growth: The 24-hour trading volume on Solana chain DEX exceeded $3.5 billion, indicating a recovery in on-chain activity.

4. Promotion of Decentralization Policies: The Solana Foundation has introduced new policies to enhance the level of decentralization and encourage community-supported validators.

5. Institutional Holdings: SOL Strategies issued $500 million in convertible bonds to purchase and stake SOL, with the stock price rising 23.5%.

6. ETF Favorable: The new SEC chairman Paul Atkins is friendly towards the encryption industry, which may accelerate the approval process for the SOL spot ETF.

SNX: Synthetix rebuilds market confidence

Synthetix is currently facing a crisis of trust due to the sUSD de-pegging event, but it is rebuilding market confidence through a series of remediation measures:

1. Liquidity incentives: Stake sUSD/sUSDe LP on Convex to increase the yield to 49.18%.

2. Deposit Incentives: Encourage users to deposit sUSD through the Infinex project.

3. Staking incentives: Allow users to stake sUSD in the 420 pool to earn SNX rewards.

4. Negative Incentives and Staking Optimization: Adjusting Staking Requirements and Debt Forgiveness Mechanisms.

These measures have pushed the price of sUSD to rebound to $0.88, the price of SNX to rise to $0.74, and Synthetix's TVL to increase from $72.23 million to $89.25 million, an increase of 23.56%.

Bearish Targets: REZ, OMNI

REZ: Token unlock or trigger sell-off

Renzo will unlock 864 million REZ tokens on April 30, accounting for 8.64% of the total locked amount. Due to the low enthusiasm in the Restaking sector, this large unlock may trigger concentrated selling by investment institutions and teams, impacting the price of REZ.

OMNI: Large-scale unlocking is imminent, and the risk of sell-off is increasing.

Omni will unlock 16.63 million OMNI tokens on May 2, accounting for 16.64% of the total locked amount. With the poor performance of Ethereum ecosystem and Layer-2 projects, along with the low popularity of Omni, this unlock may trigger significant selling pressure.

Hot Track: MCP

The Model Context Protocol (MCP) has become a recent focal point in the AI field. MCP aims to standardize the interaction between external data and applications with large language models, addressing the fragmentation issue of AI models interacting with external tools and data.

The core advantages of MCP include: real-time data access, high security, low computational load, flexibility, and scalability. Currently, MCP ecosystem projects such as Dark, SkyAI, and Solix are rapidly developing, but most are still in the early stages.

In the future, MCP will continue to optimize its technical architecture, improve interoperability, simplify the development process, and promote the popularization of decentralized applications. However, investors still need to maintain a cautious attitude towards MCP track projects and pay attention to their actual implementation and application.

Next Week's Major Events in the Crypto Market

• April 30: US Q1 real GDP annualized quarter-on-quarter revision; US March core PCE price index year-on-year; US April ADP employment change
• May 1: US April ISM Manufacturing PMI
• May 2: U.S. adjusted non-farm payrolls for April; U.S. unemployment rate for April

Summary

This week the crypto market has shown a significant rebound, but caution is still needed regarding the risks of economic recession and policy uncertainty. Projects such as Solana and Synthetix demonstrate recovery potential, while some projects face token unlocking pressure. MCP has become a new hotspot in the AI field, but attention is still needed on its actual implementation. Next week, several important economic data will be released, which may affect market trends. Investors are advised to maintain a moderate position, manage risks well, and wait for policy clarity.