Binance Futures achieved $1.04 trillion in trading volume in April 2025, marking an increase of nearly 52% over March with five days left in the month. The surge was driven by a 10% rise in Bitcoin's price. OKX, Bitget, and Bybit also reported strong trading growth during this period. In decentralized finance (DeFi), total value locked (TVL) surpassed $100 billion for the first time since March. However, multichain DeFi TVL dropped 27.5% in Q1 2025, from $177.4 billion to $128.6 billion, with Ethereum's TVL falling 35.4%. Berachain reached $5.2 billion in TVL by the end of the quarter. Moonwell's TVL grew 14-fold in 2024, rising from $38.75 million to $554.7 million, reflecting increased demand for Base-native markets. Bitcoin's TVL increased by 18% over the past 24 hours, up $1.4 billion, following Babylon Labs' removal of staking caps. Babylon's TVL rose 41% in the same period, adding $1.2 billion.