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According to the overall data from PANews, the market did show a certain rise pattern in April.


However, there is still a distance from the overall "shanzhai season" frenzy. The rise of most tokens is relatively restrained.
Observing the rise leaderboard, several characteristics can be found:
Small-cap tokens dominate: A large number of tokens among the top 20 belong to the small-cap (<100 million) or mid-cap (100 million-1 billion) categories, indicating that funds are seeking greater flexibility.
Signs of DeFi recovery: DeFi projects such as ALPACA, TURBO, and FIS are appearing at the top of the rankings.
AI and Meme popularity remains high: VIRTUAL( AI), BABYUSDT( Meme), PENGUUSDT( Meme), etc. have shown outstanding performance, continuing the previous market enthusiasm.
Infrastructure and DEX: The infrastructure and DEX sectors also have multiple tokens on the list.
Specific ecosystems: The Solana ecosystem and BNBChain ecosystem contributed significantly to the tokens with the highest rise this month.
Year difference: New tokens rise more, old projects perform the worst.
#Shanzhai coins
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