THIS INDICATES THAT

April Fared Relatively Well For

April fared relatively well for memecoins, such as dogecoin and shiba inu, but marked big losses for decentralized finance tokens, including aave and thorchain (RUNE)

Crypto Market in April: Meme Tokens, Liquidity

April fared relatively well for memecoins, such as dogecoin (DOGE) and shiba inu (SHIB), but marked big losses for decentralized finance (DeFi) tokens, including aave (AAVE)

April Fared Well For Memecoins

May 2025 Altcoin Outlook: SUI, Meme Coins, and AI

DeFi Tokens Are April's Biggest Losers as Revenues Fall; Memecoins

April fared well for memecoins like dOGE and SHIB but the DEFI tokens were the biggest losers the same month like Aave, RUNE, and more, as the research from Kraken

The Outlook Completely Flipped In

The outlook completely flipped in April, with memecoins being the worst performer, while large cap Layer-1s took the spotlight. This often occurs in market corrections

DeFi Tokens Are April's Biggest Losers as Revenues Fall - CoinDesk

Meme coins suffer the biggest outflow in open interest

DeFi Tokens Were The Biggest Losers In April As Revenues Drop

Memecoins Slump in March, Layer-1s Resilient