I. New Token Trading Volume per User Up 46% MoM, ETH Leads Trading Activity
In April, MEXC’s new token trading volume per user grew 46% month-over-month, reflecting users’ continued willingness to increase individual position sizes. In terms of ecosystem distribution, ETH accounted for 4 of the top 10 tokens by trading volume and contributed approximately 59% of the Top 10 trading volume, making it the primary destination for new token trading activity this month. Among these, ASTEROID and FLORK sustained the Meme attention effect, while BLEND and AI represented the reputation data layer and AI infrastructure respectively, with both sentiment-driven and infrastructure-oriented assets active on ETH simultaneously.
Other ecosystems each carved out their own narrative niches: GENIUS represented an on-chain trading platform and Agentic Finance on BSC; CHIP entered the GPU credit protocol space on ARB; OPG covered decentralized AI computing and model verification on BASE; UNC and BULL reflected sustained Meme trading momentum on SOL; and MEZO represented the BTC Yield direction. This indicates that April’s new token market was not driven purely by Meme activity, but rather formed a multi-track structure where Meme assets attracted user flow while AI, BTCFi, and infrastructure projects absorbed the mid-term narrative.
II. Top 10 New Tokens Average Peak Gain +2,341%, Multi-Narrative Breakout
April’s top 10 new tokens by peak gain averaged +2,341%, approximately 1.6x March’s figure. PROS led with +5,433%, followed by GENIUS (+4,718%) and IPEPE (+3,500%), with all three exceeding +3,500%.
Notably, PROS, IPEPE, ST, and OFC, all absent from the trading volume chart, still recorded nearly 10x or higher gains across RWA, Meme+AI, data infrastructure, and SportsFi respectively. This shows that April’s market opportunities were not limited to the most actively traded assets; certain niche sectors that hadn’t captured mainstream trading attention still delivered outsized price performance, underscoring that opportunity was not confined to a single narrative.
From listing to price realization, MEXC achieved early coverage across Meme, AI, RWA, and infrastructure, converting dispersed market opportunities into accessible trading entry points for users, continuously empowering them to capture “Infinite Opportunities.”
III. TradFi Futures Volume per User Up 55% MoM, Macro Volatility Drives High-Intensity Trading Demand
In April, MEXC’s TradFi futures volume per user grew 55% month-over-month. Amid macro volatility, user demand for non-crypto assets including precious metals, energy, US equities, and stock indices continued to rise, with TradFi futures serving as a key gateway for cross-asset allocation and risk management.
By trading volume, XAUT, SILVER, USOIL, and UKOIL occupied the top four positions in TradFi futures volume, confirming that gold, silver, and crude oil remain users’ core instruments for capturing macro volatility. Global indices such as SPX500 and JP225 entered the top ten, alongside high-profile US tech stocks TESLA and NVIDIA, reflecting sustained user interest in high-volatility tech equities and global equity risk.
In April, easing US-Iran tensions triggered a broad repricing across global markets. Oil prices pulled back sharply, risk appetite in US equities recovered, while gold and silver saw significant swings amid a weakening dollar and shifting rate expectations. This backdrop highlighted the trading value of TradFi futures during sudden macro events — users could switch between gold, silver, crude oil, stock indices, and US tech stocks within a single platform to quickly hedge, take profit, or reverse positions. MEXC’s offering across precious metals, commodities, and US equity futures provides users with a one-stop macro hedging solution. Under a 0-Fee trading environment, the cost of frequent position adjustments is further reduced, making it especially well-suited for rapid position switching during sudden macro moves.
On the TradFi spot side, EUR ranked first in spot trading volume, accounting for approximately 57% of the Top 10 spot volume with a 98% month-over-month increase, making it the primary spot trading entry point in April. GOLD (XAUT) and GOLD (PAXG) combined accounted for approximately 35% of the Top 10 spot volume, indicating that gold assets maintained strong attention on both the spot and futures sides.
IV. Airdrop+ and Launchpool Continue Low-Barrier Participation, Precisely Distributing Top New Tokens
Airdrop+
Airdrop+ shifted this month toward a “curated projects + high per-event engagement” model, hosting 14 events covering popular new tokens including GENIUS, MEZO, ENM, and KAG. The GENIUS event offered a maximum reward of 1,000 USDT per user. Users only need to complete basic deposit and trading tasks to participate, capturing early-stage project upside at low cost and low risk.
Launchpool
Launchpool welcomed an asset pool upgrade this month, allowing users to participate in new token reward distribution by staking MX. A new BTC staking pool was also introduced, enabling more holders to participate in new token mining without active trading. Using EMBLEM as an example, new users saw APRs of up to 207%. This design turns existing holdings into a yield entry point, meaningfully improving the utilization of idle assets.
Spin & Win
Spin & Win launched 2 prize draw events this month, attracting over 45,000 registered participants with a combined prize pool of 400K USDT. U-Fest focused on a savings scenario, offering a 12% annualized yield opportunity; the Asteroid event leveraged the SpaceX mascot trend, offering rewards including SPACEX airdrop allocations, DOGE, and ASTEROID. Compared to traditional trading tasks, the spin format lowers participation barriers through stronger interactivity, allowing new users to directly engage with popular assets and platform incentives through deposits, spins, and task completion.