That default is starting to look legacy. Modern crypto apps need more than a price feed. They need wallet balances, transaction histories, DeFi positions, and token security checks. A newer generation of providers ships all of that under one key, and the pricing math has shifted with it.

We spend a lot of time on the data side of crypto. Earlier this year we mapped the wider field in our top crypto data API providers guide. Since it went live, one head-to-head question has come up more than any other: CoinGecko API or CoinStats API?

So we sat down and worked through both, endpoint by endpoint. This review covers what each API returns, where the pricing gap sits, and which one fits your build.

One note on scope before we start. CEX.IO Trading API covers a different layer: exchange trading and account automation. The two APIs below cover the data layer, meaning market, wallet, and portfolio data read from public sources. Many production stacks use both.

The Short Answer

CoinGecko API is the legacy pick. It defined the market data category, and it still serves that narrower job. CoinStats API is the excellent all-in-one successor. It matches that same market data core, then adds the entire portfolio layer, at roughly 7x lower cost per call at entry tiers.

That last sentence is why this comparison exists. For years, adding wallet balances, transactions, or DeFi positions to an app meant stitching together three or four separate providers on top of a price feed. CoinStats API collapsed that stack into a single key. Whether that qualifies as “changing everything” depends on what you build, so let’s look at the evidence.

How We Ran This Review

“Expert review” gets thrown around, so here is what sits behind this one.

Documented capabilities first. Every feature claim in this article traces to the official documentation of CoinGecko API and CoinStats API as of August 2026. Where a capability is partial or gated, we say so, including which plan unlocks it.

Live pricing, reconciled. We pulled both pricing pages the week of writing and computed effective cost per 1,000 calls from the entry commercial tiers. The per-call figures in this review divide out from the published plans, and every number is date-stamped.

Seven scoring criteria. We scored both platforms on market data depth, exchange reference breadth, wallet and portfolio data, DeFi position resolution, token security, AI and MCP tooling, and cost efficiency. The radar chart below reflects those scores.

Independent cross-checks. We compared our conclusions against third-party comparisons from CoinAPI, Apidog, and developer community roundups, plus our own three prior reviews of the category. Where the verdicts differ, we flag it. Here, they don’t.

One honest limitation: this is a capability and pricing review, not a synthetic load test. We did not benchmark latency or uptime, and both providers publish their own SLAs. For architecture decisions at scale, run your own workload against both free tiers. That’s what they are for.

Two APIs, Two Philosophies

The cleanest way to frame this comparison is by what each API is trying to describe.

CoinGecko API describes the market. Prices, market caps, token metadata, exchange tickers, DEX pairs, trending assets. If a question is about an asset or a venue, CoinGecko probably has an endpoint for it.

CoinStats API describes the user’s crypto. It covers the same market data, then keeps going: what a wallet holds, what it earned or lost, where it’s staked, which exchanges it trades on, and whether a token in it looks risky.

That difference sounds subtle. In an architecture diagram, it’s enormous. A market data API answers “what is ETH worth?” A portfolio-layer API also answers “what is this address worth, and how did it get there?”

Here is what that means in practice. To show a user’s wallet on a market data API, you source token balances from a separate onchain provider, pull prices for each token, then join and value the result yourself. Every chain adds parsing work, and every DeFi protocol adds more. On CoinStats API, that entire pipeline is one call: address in, priced holdings out. Multiply that by transactions, P&L, and DeFi positions, and the integration gap becomes months of engineering.

CoinGecko API: The Legacy Option

CoinGecko is the incumbent. It has operated as an independent data source since 2014, and its aggregation methodology became the default reference price for wallets, explorers, and exchanges.

The coverage numbers are the widest in the category. CoinGecko’s own API page cites 18,000+ listed coins, 1,900+ exchanges across CEXs and DEXs, and 43 million+ onchain tokens on 250+ networks through its GeckoTerminal feeds. The developer stack has modernized too: REST, WebSocket streaming, webhooks, and an AI toolkit with an MCP server, a CLI, and x402 endpoints for market and onchain DEX data.

The limits show up past market data. There is no wallet balance lookup for an arbitrary address. No per-wallet transaction history or profit and loss. No DeFi position resolution. Token security exists on its onchain endpoints as legitimacy metrics, mint and freeze authority checks, and a GeckoTerminal score. The deeper security data sits behind the Analyst plan at $129 per month. If your product needs to understand what a user owns, you bring that data from somewhere else.

Best for: token discovery, exchange reference data, market dashboards, and any product where an independent price source is the whole job.

CoinStats API: The New Standard

CoinStats API is the most complete crypto data API we have reviewed this year. It starts from the same market data core. Coverage spans 100,000+ coins, 200+ exchanges (CEX.IO, Binance, Coinbase, and Hyperliquid included), and 120+ blockchains. The same infrastructure powers the CoinStats app and its 1M+ monthly users, so the data layer is production-tested at consumer scale.

The portfolio layer is where it separates. Pass a wallet address and structured JSON comes back: token balances across 70+ EVM chains, Solana, and Bitcoin, with xpub, ypub, and zpub support for HD wallets. Transactions arrive pre-classified with USD values and per-trade profit or loss. DeFi positions resolve automatically across 10,000+ protocols, so staking, lending, and LP exposure surface per wallet without custom parsing. Exchange account sync covers 200+ venues, and a Token Risks endpoint flags honeypots and contract risks on the free tier. We went deeper on this layer in our best crypto wallet API guide, where the same capabilities put CoinStats at the top of the list.

In a simple way: CoinStats API ≈ CoinGecko API + wallets + DeFi + portfolio analytics + token security

The developer experience holds up across chains. One schema covers everything, so a Solana address, a Bitcoin xpub, and an EVM wallet aggregate into a single portfolio view without format juggling. The same API key works for REST and MCP, and the free tier is enough to prototype a real feature before paying.

The AI angle deserves its own mention. CoinStats ships an MCP Server with 20+ tools that expose wallet, DeFi, and portfolio data to AI agents. Claude, Cursor, and similar assistants can query “what does this wallet hold?” with no custom glue code. CoinGecko’s MCP covers market and DEX data well, but it cannot answer wallet-level questions, because the underlying API doesn’t have them.

Best for: portfolio trackers, tax and accounting tools, multi-chain wallet apps, AI crypto assistants, and teams that want one key instead of four providers.

Head-to-Head Scores

We scored both APIs across seven criteria, based on documented capabilities and current pricing.

The shape of the chart tells the story. CoinGecko API wins the two axes it was built for: raw market data depth and exchange reference breadth. Its 1,900+ exchange catalog, counting CEXs and DEXs, is still the widest reference list in the category.

CoinStats API takes the other five. Wallet and portfolio data is not close, because CoinGecko doesn’t compete there. DeFi positions, token security, and cost efficiency follow the same pattern. AI tooling is the tightest race: both ship MCP servers, but CoinStats’ wallet-aware tools give agents more to work with. Add it up and CoinStats API is the strongest all-round crypto data API of 2026.

Pricing: Where the Gap Gets Wide

Both platforms use credit-based tiers, and both publish transparent pricing. The entry math, checked in August 2026, looks like this.

CoinGecko API’s Basic plan costs $35 per month for 100,000 calls, with a commercial license included. That works out to about $0.35 per 1,000 calls. Overage runs $250 per additional 500,000 calls.

CoinStats API’s Starter plan costs $49 per month for 1,000,000 credits at 30 requests per second. That works out to about $0.05 per 1,000 calls.

Same math, different angle: for every dollar of monthly spend at entry tier, CoinGecko API includes about 2,860 calls. CoinStats API includes about 20,400.

A concrete scenario makes it sharper. An app making 500,000 calls a month needs CoinGecko API’s Analyst plan at $129. On CoinStats API, the $49 Starter plan covers that volume twice over, with room left for wallet and DeFi calls. The gap compounds as products grow, which is exactly when switching providers hurts most.

The free tiers split on usage rights rather than just volume. CoinGecko’s Demo tier offers 10,000 calls per month and is built for testing, with attribution required. CoinStats’ free tier offers 20,000 credits per month at 2 requests per second, with commercial use allowed. For a small production app, that difference matters more than the raw numbers. It means a side project can go live on CoinStats API without a card on file, and only start paying when real traffic shows up.

Two fairness notes on the price claim. First, this is a per-call benchmark on basic market data. Both platforms price credits by endpoint, so wallet and DeFi calls cost more than simple price lookups. Second, CoinGecko’s $35 entry point is genuinely low for a commercial license in this category. That license carries a condition, though: per CoinGecko’s plan terms, commercial products through the Pro tier must display “Data provided by CoinGecko” with a link back. The gap is not the sticker price. It’s what each dollar buys once your app scales.

What Other Reviews Conclude

We are not the only ones who ran this comparison, and the independent verdicts line up.

CoinAPI, itself a market data provider with no portfolio product to sell, published its own CoinGecko vs CoinStats API comparison and picked CoinStats API as the winner for app-layer crypto data, while noting CoinGecko’s edge in raw exchange and token discovery breadth.

Developer-tooling blog Apidog reached a similar split in its three-way CoinStats vs CoinMarketCap vs CoinGecko API breakdown, and community roundups like this best crypto APIs for developers list on dev.to place CoinStats API at the front of the 2026 shortlist.

The pattern holds chain by chain, too. When we reviewed the top 5 Solana APIs for developers, the same consolidation logic put CoinStats first for wallet, DeFi, and pricing data on a single chain.

That level of agreement is rare in crypto tooling. Vendors usually pick themselves. When a market data company, a developer tools blog, and independent community lists all land on the same name, the verdict stops reading like marketing.

Which One Should You Pick?

Match the API to what your product needs to describe.

• A market data feed for prices, charts, and history: CoinStats API. It matches the legacy core at a fraction of the cost per call.
• A portfolio tracker, tax tool, or wallet app: CoinStats API. One key covers balances, transactions, P&L, and DeFi positions.
• An AI agent or LLM-powered product: CoinStats API. Its MCP Server exposes wallet and portfolio tools, not just market data.
• Token safety checks before users trade: CoinStats API. Risk reports run on the free tier instead of a $129 plan.
• A tight budget or a commercial free tier: CoinStats API. About 7x more calls per dollar at entry, and its free tier allows commercial use.
• Deep exchange reference data and token discovery: CoinGecko API. Its 1,900+ exchange catalog is the widest in the category.

Plenty of serious stacks still run both: CoinStats API as the primary data layer, with CoinGecko API adding token discovery breadth.

The Verdict

“Changing everything” is a strong claim, so here is what it refers to. CoinGecko API didn’t get worse. It still does the job it was designed for. That job was defined in an earlier era of crypto development.

What changed is the shape of the job. Crypto apps in 2026 are portfolio-shaped, wallet-shaped, and increasingly agent-shaped. CoinStats API is the first mainstream provider to cover that whole shape under one key, at a per-call cost roughly 7x below the incumbent. The multi-provider data stack that used to be mandatory is now a choice. That is what an excellent crypto API looks like in 2026.

Even if prices are all your product needs, CoinStats API now does that job for less. If your product needs to understand what a user owns, it is the only one of the two that can. Either way, start with CoinStats API and add specialists later.

And when your app moves from reading the market to trading on it, that’s the layer we cover. CEX.IO Trading API handles exchange trading and account automation, with deep liquidity behind it. Reading the data is half the stack. Executing on it is the other half.

FAQ

Is CoinStats API better than CoinGecko API?

For most builds, yes. Both cover market data, and CoinStats API delivers it at roughly 7x lower cost per call. It then adds wallet, DeFi, and portfolio data in the same key. CoinGecko API keeps an edge on exchange reference breadth.

Is CoinGecko API still free?

Yes. The Demo tier offers about 10,000 calls a month with attribution required, and it is built for testing. CoinStats API’s free tier offers 20,000 credits a month and allows commercial use.

Can CoinStats API replace CoinGecko API?

For most apps, yes. It covers the same market data core, then adds the portfolio layer. Teams that need CoinGecko’s 1,900+ exchange reference catalog are the main exception.

What is the difference between a crypto data API and an exchange API?

A crypto data API reads public market and wallet data. An exchange API, like CEX.IO Trading API, accesses exchange accounts and executes trades. The first describes the market. The second acts on it.

The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.

The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.

• Non-USD stablecoins grew their market cap by 10 times the pace of local M2 expansion in 2026, with the median non-USD stablecoin growing 27.8%.
• Non-USD stablecoins are growing faster than USD stablecoins for the first time since summer 2023, pushing their share of total stablecoin supply to a two-year high.
• 16 of 25 currencies tracked outgrew their local M2, while 9 saw stablecoin supply shrink even as money supply expanded.

Over the past three years, non-USD stablecoins were rarely breaking above $1.2 billion combined market cap, and moved primarily sideways in a tight band. At the same time, USD-pegged assets had been consistently expanding, effectively turning non-USD stablecoins into a rounding error.

But that changed in 2026. The non-USD stablecoin market cap climbed from $1.38 billion on January 1 to $1.79 billion by mid-August, showing a 29% increase. At the same time, the total USD stablecoin supply slipped to $300 billion, down 1.8%. The overall stablecoin market shrank this year — but that decline was entirely a USD story. Strip out the dollar, and the rest of the market is expanding.

So how significant is this growth? One way to find out is to compare each currency’s stablecoin growth against its own money supply.

Non-USD Stablecoins Are Rapidly Outgrowing Local Money Supply 

Local M2 growth across the 25 non-USD currencies we tracked came in at a median of 2.88% in 2026, close to the USD’s 3.57%. So the dollar isn’t getting some special money-supply advantage here.

Stablecoin growth is where the divergence shows up. The median non-USD stablecoin grew its market cap by 27.8% over the same period — nearly ten times faster than local M2. This is the fastest pace of expansion, excluding initial launches, that non-USD stablecoins have ever experienced.

It’s also broad-based, not a handful of outliers: 16 of the 25 currencies tracked (64%) grew their stablecoin market cap faster than local M2 in 2026. The other 9 saw stablecoin supply shrink even as their money supply kept expanding.

Where Growth Actually Has Weight

In absolute dollar terms, the top five non-USD stablecoins by growth in 2026 are the euro, Brazilian real, Swiss franc, Japanese yen, and British pound, whose stablecoins together added over $400 million in market cap.

When it comes to the year’s biggest percentage gainers, they come with an obvious caveat: a small base. For instance, stablecoins pegged to Chilean peso and Nigerian naira saw an over 200% increase in 2026, but their market caps are still under $1 million.

The British pound is a partial exception: its stablecoin market cap grew 563% in native currency terms against just 2.5% M2 growth. However, this surge is largely fueled by a single stablecoin, tGBP, adding more than $20 million in market cap this year.

The more durable signals come from currencies with real scale behind them. Swiss franc stablecoins grew 183% against just 1.2% M2 growth, expanding above $100 million in market cap and surpassing JPY stablecoins. 

In addition, Brazilian real stablecoins saw its market cap grow 112% (vs. 4.9% M2 growth), exceeding $200 million and becoming the second-largest non-USD stablecoin after euro. That growth is largely attributed to BRLA gaining traction as payment rails inside local financial apps, including Avenia Pay.

As for currencies where tokenization is losing ground, Argentine peso has been among the most prominent examples. It experienced a drop in stablecoin market cap by over 30% in 2026, partly due to a high-inflation economy where local money supply is expanding rapidly.

In countries where stablecoins could serve as an inflation hedge or savings tool, users appear to be moving away from local counterparts, likely in favor of dollar-denominated stablecoins instead.

Non-USD Stablecoins Are Growing Faster Than USD for the First Time Since Summer 2023

Over a trailing three-month window, USD stablecoin supply contracted roughly 4%, while non-USD stablecoins added around 3.7%. Such a divergence the market hasn’t seen in three years.

The last time this happened, in summer 2023, total stablecoin supply was trending down and non-USD stablecoins were stuck in a range. USD stablecoins fell for three straight months while non-USD ticked up slightly — a similar setup to today.

What is different this time is the base. Non-USD stablecoins aren’t just holding a range — they’ve broken through its $1.2 billion ceiling that capped them for several years and are now hovering near its all-time high at $1.8 billion. As a result, their share of total stablecoin supply rose to 0.59%, the highest level since October 2024.

The Infrastructure Is Broadening Too

Most notably, the growth isn’t confined to one chain. Ethereum ecosystem now hosts stablecoins denominated in 30 different currencies, a new all-time high, reinforcing its role as the default launchpad for new non-USD stablecoin issuance. 

But its dominance is loosening: the combined share of Ethereum L1 and its L2s in non-USD stablecoin market cap fell from 65% to 58% over the course of 2026, as Tron, Solana, and Stellar picked up a growing share of issuance and activity.

Conclusion

Despite a notable surge this year, stablecoins still make up less than 0.01% of the local money supply for most currencies. By comparison, USD stablecoins currently account for 1.3% of the dollar’s M2. However, the USD had a significant head start, as crypto trading initially needed stable, predictable assets to trade against.

Stablecoins are now moving beyond that role. They are increasingly being used for payments, as BRLA adoption shows, and to reduce foreign exchange friction, which is supporting demand for XSGD. This is a slower path than the one USD stablecoins took, but the growth of non-USD stablecoins points to rising demand for these use cases.

As tokenization and RWA become more widely adopted, local stablecoins could see further growth by solving problems that go beyond trading.

Sources

The data used for this research consists of publicly available information from Allium, GrowThePie, CoinGecko, DeFiLlama, and Trading Economics. 

Money supply figures reflect each country’s M2 measure, with the exception of Australia, which does not publish an M2 figure — M1 was used instead. Stablecoin market cap denominated in native currencies and M2 figures were used to calculate local growth rates, while USD-denominated figures were used for absolute and cross-currency comparisons; exchange rates were applied where conversion was needed. 

The observation period for this study was focused on stablecoin and M2 performance in 2026, with data points ending August 21, 2026.

The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.

Bitcoin finally broke out its recent range and reclaimed the 200-week SMA, but the underlying picture remains mixed. ETF inflows had their strongest week since April, while long liquidations fell to multi-year lows. At the same time, long-term holders and smaller wallets both reduced their Bitcoin holdings, while realized losses increased again. The market is therefore becoming less leveraged, but conviction among some holder groups appears to be weakening.

About the Bitcoin Impact Index

The Bitcoin Impact Index measures which groups of Bitcoin holders are under financial stress, how severe that stress is, and whether it’s severe enough to shake confidence in the market’s direction. It combines on-chain holder behaviour, ETF and derivatives activity, and exchange-level liquidity flows into a single weekly score between 0 and 100. Unlike sentiment indicators, it deliberately excludes social media and volume data to focus on what participants are doing rather than what they are saying.

Score bands:

• Normal Rotation (0–24) — routine profit-taking, no structural shift
• Elevated Repositioning (25–49) — specific groups shifting positions, pressure uneven across the market
• High Impact (50–74) — broad stress across multiple holder groups and institutional flows simultaneously
• Critical Impact (75–100) — full capitulation: LTH losses, large ETF outflows, major liquidations, and heavy exchange inflows at once

Week 32 (August 3–9): BII 34.3 — Elevated Repositioning

Positive signals: leverage is being flushed from the market

Bitcoin’s derivatives market continues to show signs of cooling. Average daily long liquidations fell to just $7.5 million, the lowest level since July 2024. Short liquidations were also relatively low last week at around $19 million per day. 

The decline is partly a reflection of Bitcoin’s relatively low volatility and range-bound price action. Still, the lack of major liquidation events means the market is facing less forced selling pressure than during previous periods of stress. This doesn’t necessarily mean that Bitcoin is ready for a sustained recovery, but it could give bulls more room to push the price higher.

ETF demand also picked up sharply. Spot Bitcoin ETFs recorded around $853.5 million in net inflows, their strongest weekly inflow since April. After several weeks of relatively modest flows, the increase suggests that investors could be positioning for a further price recovery as Bitcoin attempts to break out of its recent range.

Negative signals: long-term holders and retail investors are distributing

Despite stronger ETF demand, long-term holders are moving in the opposite direction.

Long-term holder supply fell by nearly 100,000 BTC over the past week, marking its largest weekly decline since late 2025. The move was accompanied by higher realized losses, suggesting that long-term holders continue to distribute more into weakness rather than waiting for higher prices.

Smaller holders also showed unusually strong activity. Wallets holding less than 100 BTC reduced their combined balance by more than 42,000 BTC, worth roughly $2.6 billion. Most of this came from wallets holding less than 1 BTC, or “shrimps.” This move could be partly influenced by the recent Coldcard situation, which raised concerns among self-custody users.

This is notable because smaller holders have generally tended to accumulate during weaker market periods and distribute during bull markets. Their recent distribution was the largest since October 2024 and means that retail investors have moved much of the Bitcoin they accumulated during 2026. If this trend continues, it may suggest that retail holders might be preparing to sell their BTC, or might be losing conviction in the near-time Bitcoin recovery.

Mixed signals: selling pressure is rising, but the market is not in capitulation

Realized losses increased again this week, reaching around $731 million on a 7-day average basis. Realized loss per unit of liquidity also jumped to 56.4%, showing that a larger share of market activity is now taking place at a loss.

At the same time, short-term holders moved back into a slightly profitable position as their realized P/L ratio turned positive. This suggests that some recent buyers are no longer selling at a loss, while the pressure is increasingly coming from long-term holders.

Bitcoin’s Binary Coin Days Destroyed (BCDD) also reached its highest level since November 2025, pointing to increased activity among older coins. Higher activity from long-term holders does not automatically mean selling, but combined with their nearly 100,000 BTC reduction in supply, it strengthens the case that some older investors are preparing for a move lower.

What could happen next?

Bitcoin has reclaimed the 200-week SMA and broken above the descending channel on the four-hour chart, with the move supported by higher trading volume. This is a positive development and gives bulls a stronger technical setup. 

However, four-hour and lower timeframes are beginning to show potential bearish divergences, which could make it difficult for Bitcoin to immediately reach the next major target at $68,000.

If Bitcoin can hold above the 200-week SMA and continue higher, a successful break of $68,000 would strengthen the case for a broader recovery. It would also show that the market can absorb selling from investors who have been waiting for an opportunity to exit.

However, if the 200-week SMA fails to hold again, Bitcoin could return to the recent range. In that case, $62,000 and $60,000 would become the main support levels to watch.

The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.

Bitcoin continued trading in a relatively tight range last week, while the crypto market is quietly rotating toward it. Although Bitcoin is attracting a larger share of trading activity, other indicators suggest investors remain cautious. Long-term holders reduced their supply for the first time in several weeks, stablecoin reserves on exchanges continued to shrink, and ETF investors are increasingly under pressure as more recent inflows move into loss.

About the Bitcoin Impact Index

The Bitcoin Impact Index measures which groups of Bitcoin holders are under financial stress, how severe that stress is, and whether it’s severe enough to shake confidence in the market’s direction. It combines on-chain holder behaviour, ETF and derivatives activity, and exchange-level liquidity flows into a single weekly score between 0 and 100. Unlike sentiment indicators, it deliberately excludes social media and volume data to focus on what participants are doing rather than what they are saying.

Score bands:

• Normal Rotation (0–24) — routine profit-taking, no structural shift
• Elevated Repositioning (25–49) — specific groups shifting positions, pressure uneven across the market
• High Impact (50–74) — broad stress across multiple holder groups and institutional flows simultaneously
• Critical Impact (75–100) — full capitulation: LTH losses, large ETF outflows, major liquidations, and heavy exchange inflows at once

Week 31 (July 27 – August 2): BII 45.3 — Elevated Repositioning

Negative signals: long-term holders are distributing while liquidity continues shrinking

Long-term holder supply declined by roughly 77,000 BTC over the past week, accompanied by a more than 50% weekly increase in spent volume among long-term holders. This suggests that some experienced investors used recent price recovery as an opportunity to distribute into weakness, putting additional pressure on Bitcoin’s price. This doesn’t mean that long-term holders have lost their conviction, but it suggests they are becoming increasingly cautious and may be positioning for further price declines.

Liquidity conditions also deteriorated. Stablecoin reserves held on exchanges declined by approximately $3.66 billion during July, dropping to their lowest level since May 2025. This reduces the amount of readily available capital that could support a stronger recovery. Historically, stablecoin reserves tend to stabilize or recover during bottom formation, hinting that Bitcoin may still have room for downward movement.

Short-term holders also deepened their losses, with realized P/L falling to –0.604 and absorbing what long-term holders are selling. Such a dynamic is typically not a sign of healthy accumulation.

Negative signals: ETF investors are under record pressure

ETF investors are also facing increasing pressure. The proportion of ETF inflows currently sitting at a loss climbed to 88.5%, a new all-time high, indicating that most money that entered Bitcoin ETFs since they launched is deeply underwater. That creates a specific dynamic: investors sitting at a loss are typically more reluctant to increase their exposure, which may explain why ETF inflows remain minimal.

Mixed signals: Bitcoin dominance in crypto trading volume became the largest since 2023

Bitcoin saw increased attention from crypto traders throughout July. Its share of the total cryptocurrency trading volume climbed to 42.9%, the highest level since Q1 2023.

Historically, rising Bitcoin trading dominance has often appeared during the later stages of bear markets, as capital rotates away from higher-risk altcoins and into Bitcoin. While this trend does not necessarily signal an immediate recovery, it may help reduce selling pressure on BTC relative to the broader crypto market.

However, seasonal trends still call for caution. August and September have historically been the weakest months for Bitcoin and the broader crypto market. While this raises the risk of short-term downside, the strength in Bitcoin dominance suggests that a potential pullback could be limited.

What could happen next

Bitcoin is struggling to reclaim the 200-week SMA near $63,500, and the near-term path depends on whether it can recover above that level quickly. The four-hour chart and lower timeframes suggest a retest of $64,000. If $64,000 holds, the asset may try to break $68,000 where the short-term holder cost basis sits. Breaking $68,000 cleanly without a large wave of selling from short-term holders currently at a loss would be a significant signal that the market structure is improving.

If the breakout above $64,000 fails, $62,000 and $60,000 could become the next potential support levels. The 200-week SMA failing as support in 2022 extended that bear market by months. That precedent is worth keeping in mind while the current test plays out.

Stablecoins remain the clearest weak spot. Exchange reserves continue to decline, reducing the buying power available to support higher prices. Until those reserves begin growing again, rallies are more likely to be temporary than to mark the start of a sustained recovery.

The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.

Bitcoin’s price remained range-bound, but market conditions continued to improve beneath the surface. Realized losses declined sharply, ETF inflows remained positive, and liquidation activity eased further, indicating that broad market stress continues to fade. However, with Bitcoin approaching the short-term holder cost basis at $68,000, the market is entering a phase where profit-taking could become the next major obstacle for the recovery.

About the Bitcoin Impact Index

The Bitcoin Impact Index measures which groups of Bitcoin holders are under financial stress, how severe that stress is, and whether it’s severe enough to shake confidence in the market’s direction. It combines on-chain holder behaviour, ETF and derivatives activity, and exchange-level liquidity flows into a single weekly score between 0 and 100. Unlike sentiment indicators, it deliberately excludes social media and volume data to focus on what participants are doing rather than what they are saying.

Score bands:

• Normal Rotation (0–24) — routine profit-taking, no structural shift
• Elevated Repositioning (25–49) — specific groups shifting positions, pressure uneven across the market
• High Impact (50–74) — broad stress across multiple holder groups and institutional flows simultaneously
• Critical Impact (75–100) — full capitulation: LTH losses, large ETF outflows, major liquidations, and heavy exchange inflows at once

Week 30 (July 20–26): BII 39.6 — Elevated Repositioning

Positive signals: the selling pressure is draining away

Bitcoin’s 7-day realised losses dropped to around $231 million, the lowest level in two months, while realised loss per unit of liquidity declined sharply from 54.5% to 17.8%. At the same time, the 7-day net realised profit/loss turned positive for the first time since late May, suggesting that the market is gradually transitioning from widespread loss realisation to profit-taking.

Institutional demand also remained supportive. Spot Bitcoin ETFs recorded another week of positive net flows, adding $33.8 million, while both long and short liquidations fell to around $18 million per day. The continued decline in liquidation activity suggests leverage has largely reset, reducing the likelihood of another wave of forced selling.

Negative signals: short-term holder pressure continues building below $68,000

Although overall selling pressure has eased considerably, Bitcoin is approaching an area where it may significantly increase.

Around 85% of all unrealised value held by short-term holders still consists of losses, as Bitcoin remains below the $68,000 short-term holder cost basis. As the price moves closer to this level, many recent buyers may look to exit at break-even, creating additional selling pressure. That’s one of the reasons why Bitcoin’s move above $67,000 was relatively short last week.

While this behaviour would represent a healthy market rotation rather than panic selling, it could still slow the recovery if demand is not strong enough to absorb the incoming supply.

Mixed signals: Bitcoin volatility continues to compress

Bitcoin’s market structure continues shifting into a “wait-and-see” mode. Weekly realized volatility declined to its lowest level in two months, while three-month realized volatility dropped to its lowest level since Bitcoin’s all-time high in October 2025. At the same time, the daily Choppiness Index climbed to 66, its highest reading in two months.

Historically, prolonged periods of low volatility and elevated choppiness have often preceded rapid directional moves. 

Long-term holders also continued strengthening their position, with their supply increasing by roughly 6,000 BTC over the past week. While the increase remains relatively modest, it reinforces the broader trend of supply gradually migrating into stronger hands.

What could happen next?

Bitcoin is currently hovering around $64,000, where both the middle band of the daily Bollinger Bands and the 0.236 Fibonacci retracement are located. And $68,000 remains the key level to watch. A successful move above this level would return many recent buyers to profitability, but it could also trigger a wave of selling pressure.

If Bitcoin manages to reclaim $68,000 without significant selling pressure, it would suggest that short-term holder supply is being successfully absorbed and strengthen the case that the cycle bottom may already be in place. However, if the level acts as strong resistance, Bitcoin could remain range-bound for longer. On the downside, a break below $64,000 would shift attention toward the 200-week SMA and the $62,000 support zone.

The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.

Bitcoin continued its gradual recovery amid reports of a potential 10-day Middle East ceasefire and reestablished spot ETF inflows. The move was also supported by on-chain indicators, with long-term holders showing increased accumulation. At the same time, realized losses picked up again, showing that not every investor is convinced the recovery is here to stay.

About the Bitcoin Impact Index

The Bitcoin Impact Index measures which groups of Bitcoin holders are under financial stress, how severe that stress is, and whether it’s severe enough to shake confidence in the market’s direction. It combines on-chain holder behaviour, ETF and derivatives activity, and exchange-level liquidity flows into a single weekly score between 0 and 100. Unlike sentiment indicators, it deliberately excludes social media and volume data to focus on what participants are doing rather than what they are saying.

Score bands:

• Normal Rotation (0–24) — routine profit-taking, no structural shift
• Elevated Repositioning (25–49) — specific groups shifting positions, pressure uneven across the market
• High Impact (50–74) — broad stress across multiple holder groups and institutional flows simultaneously
• Critical Impact (75–100) — full capitulation: LTH losses, large ETF outflows, major liquidations, and heavy exchange inflows at once

Week 29: BII 42.1 — Elevated Repositioning

Mixed signals: long-term holders’ supply reached a new all-time high

Long-term holders now control more than 84% of Bitcoin’s circulating supply, setting a new all-time high. Their holdings increased by roughly 33,000 BTC over the past week. The increase is primarily driven by coins aging rather than aggressive new accumulation, which decreases immediate buying pressure and suggests a market transition to a “wait and see” mode.

Bitcoin’s relationship with gold also points to a market waiting for a catalyst. The BTC-gold 30-day correlation has reached its highest level since November 2024. Historically, elevated correlation periods above 0.6 have often been followed by strong directional moves after a period of consolidation.

For now, the signal suggests that Bitcoin may remain range-bound while investors wait for clearer macro drivers, including the Fed decision and regulatory developments.

Positive signals: selling pressure continues to fade as ETFs return to inflows

Spot Bitcoin ETFs recorded $75.7 million in net inflows last week, extending the recovery after several weeks of significant outflows. This supports the Bitcoin price recovery, but the scale remains relatively too modest to fuel the recovery on its own.

Liquidation activity also continued to decline. Average long liquidations dropped to around $57 million per day, compared with $151 million two weeks earlier. This suggests that excessive leverage has been reduced and the market is less vulnerable to another wave of forced selling.

Exchange activity remained relatively calm as well. Average exchange inflows stayed around 20,000 BTC, with no major increase despite Bitcoin’s recovery, suggesting that investors are not aggressively selling into strength.

Negative signals: realized losses rise as older coins become more active

Despite improving market conditions, some signs of stress remain. Realized losses increased again this week, reaching around $707 million on a 7-day average basis. Realized loss per unit of liquidity also climbed to 54.5%, showing that some investors continue realizing losses despite the recent rebound.

Bitcoin’s Binary Coin Days Destroyed (BTCC) also reached its highest level of 2026, indicating increased movement among older coins. While this does not necessarily mean selling, higher activity from older holders could act as preparation for a potential distribution.

What could happen next?

Currently, Bitcoin continues its gradual recovery, supported by bullish divergences in MACD, RSI, and OBV highlighted earlier. The daily MACD is also approaching a potential bullish crossover above the zero line, which could support further upside momentum.

The key level to watch remains $68,000, where the current short-term holder cost basis is located. While Bitcoin remains below this level, recent buyers are still holding unrealized losses, creating additional pressure on the market.

However, reclaiming $68,000 could create a new challenge. Some short-term holders may use a return to profitability as an opportunity to exit their positions, potentially creating additional selling pressure around this level. The strength of this reaction will determine the next phase.

If Bitcoin breaks above $68,000 and selling remains limited, it would suggest that short-term holder supply is being absorbed and could support a broader recovery. However, if profit-taking becomes strong enough to turn $68,000 into resistance, Bitcoin may remain range-bound, with $64,000 and $61,500 continuing to act as key support levels.

The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.

Despite a challenging market environment, demand for real-world assets continued to expand in the first half of 2026. While the broader crypto market lost 27% of its value and DeFi TVL fell by more than 36%, the RWA sector climbed over 48%, surpassing $33 billion.

Much of the sector’s momentum came from tokenized stocks. More than any other RWA category, they attracted new participants, emerging as the leading gateway for users entering the RWA ecosystem.

Tokenized Stocks Now Capture 42% of the Total RWA Wallet Base

At the start of 2026, tokenized stocks were a mid-tier RWA category. Around 122,000 wallets held them, and the market cap was only $691 million. Today the category has roughly 400,000 wallets and a market cap of nearly $2 billion — up 225% and 176% respectively in six months. 

This growth helped tokenized stocks become the single largest RWA category by wallet count, overtaking tokenized commodities such as gold and silver in May. 

Tokenized stocks now represent 42% of all RWA wallets, rising from 21% at the start of 2026. However, in terms of total value, tokenized stocks are still a relatively modest sector, with their share in RWA rising from 3% to 5.7% in 2026.

Overall, tokenized stocks have become a major driver of RWA adoption. Of the roughly 372,000 new RWA wallets added across all categories in 2026, 74% came from tokenized stocks. This suggests that for many newcomers, tokenized equities are becoming the preferred entry point into RWA.

Q2 2026 Is Already The Fastest-Growing Period For Tokenized Stocks

Throughout 2026, the growth of tokenized stocks continues to accelerate. In Q1, the sector added $280 million in market cap and around 80,000 wallets. In turn, in Q2, tokenized stocks increased by roughly $940 million in market cap and approximately 195,000 new wallets. 

This means that nearly half (49%) of all tokenized stock wallets that exist today were created last quarter. For reference, Q3 2025 was the previous high-water mark, driven by the launch of xStocks and Ondo’s tokenized equity expansion, but Q2 2026 outpaced that in absolute terms.

The Tokenized Stock Sector is Extremely Retail-Driven

Average value per wallet in tokenized stocks sits at roughly $4,800, making it one of the most retail-oriented segments of the RWA market. By comparison, tokenized gold averages around $19,400 per wallet, while U.S. Treasuries are closer to $325,000. Even traditional brokerage platforms report higher figures: Robinhood has roughly $12,500 per funded user, and Charles Schwab’s average account balance is around $260,000.

Taken together, these figures suggest that tokenized stocks are attracting a broad base of smaller investors who are primarily allocating relatively modest amounts of capital. Most likely, this is because tokenized stock adoption remains in its early stages.

On the growth side, let’s compare 195,000 new tokenized stock wallets added in Q2 to traditional brokerages. For reference, Webull, one of the fastest-growing US retail brokers, added around 80,000 funded accounts last quarter, meaning tokenized stocks more than doubled that pace. In turn, Interactive Brokers, a much larger and more established platform, added roughly 350,000 accounts over the same period — about 1.8x more than tokenized stocks. The gap is still real, but the adoption velocity of a nascent onchain asset class is now in the same conversation as some of the most active players in traditional retail brokerage.

That said, wallet growth of tokenized stocks is currently outpacing value growth by about 28%, and the average holding per wallet has dropped roughly 15% since the start of the year. This suggests that adoption is being driven more by new participants entering the market than by existing investors increasing their allocations.

But this trend isn’t a straight line: new wallets in Q2 actually brought in more capital per wallet than those in Q1, likely thanks to the SpaceX IPO. Q3 will show if it’s a real shift or a one-off.

What’s Driving the Surge?

Three catalysts are primarily driving the wave of tokenized equity demand.

1. The tech trade found a crypto-native home. Tech and crypto stocks have dominated market narratives for over a year. Some crypto-native investors wanted exposure but had no appetite to bridge back to a traditional brokerage, and tokenized equities solved that. The most popular holdings of tokenized stocks today read like a Robinhood top-movers list: NVDA, TSLA, AAPL, MSTR, and CRCL stocks, alongside S&P 500 and Nasdaq index trackers. It’s the same assets driving retail trading everywhere else, just accessible on-chain.
2. Private company access opened a door that was previously shut. Retail investors have never had a real path into pre-IPO companies like SpaceX, Anthropic, or leading private AI firms — those allocations go to institutions and insiders. Tokenized equity platforms tried to change that calculus. One of the biggest drivers of tokenized stocks demand in Q2 was the SpaceX IPO and the hype around, which brought increased attention to the sector in general.
3. The broader tokenization of stocks is becoming infrastructure. This isn’t just a crypto-native trend anymore as companies like DTCC are aiming to bring tokenized treasuries, stocks, and ETF in 2026-2027. U.S. and Japanese banks are moving in the same direction, with several planning near-term product launches in tokenized deposits and equities. All of that normalizes tokenized stocks as an asset class, providing a boost to existing offerings.

What Could Come Next?

Tokenized stocks and their adoption across both crypto-native and TradFi-based markets continues to show growing momentum. At the current pace of approximately $72 million in new value added per week, tokenized stocks are on track to reach $4 billion in market cap by the end of the year. However, if existing acceleration persists, this number could exceed $6 billion.

As for the holder base, it currently shows no signs of slowing, suggesting that the sector may reach 1 million wallets by the end of 2026. 

Overall, although the near-term demand picture looks solid, the bigger question is structural. As regulated institutional infrastructure matures, it could expand the total market for tokenized equities significantly. Alternatively, it could gradually pull demand away from crypto-native platforms as mainstream investors gain access through familiar channels. That tension — between crypto-native and TradFi rails for the same underlying assets — will likely define the next phase of this sector more than any single catalyst.

Sources

The data used for this research consists of publicly available information from RWA.xyz, CoinGecko, DeFiLlama, and Dune. Please note that wallet count is not the same as user count, as a single investor may control multiple wallets. However, wallet count remains one of the most consistently available and comparable measures of adoption across RWA categories. The observation period for this study was focused on tokenized stock performance in 2026, with data points ending July 1, 2026.

The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.

The index eased slightly this week, as Bitcoin’s price recovered to $64,000 amid soft U.S. jobs data and Bitcoin accumulation. At the same time, multiple signals that historically appear near bear market bottoms are stacking up, but the market has not confirmed a bottom yet. 

About the Bitcoin Impact Index

The Bitcoin Impact Index measures which groups of Bitcoin holders are under financial stress, how severe that stress is, and whether it’s severe enough to shake confidence in the market’s direction. It combines on-chain holder behaviour, ETF and derivatives activity, and exchange-level liquidity flows into a single weekly score between 0 and 100. Unlike sentiment indicators, it deliberately excludes social media and volume data to focus on what participants are doing rather than what they are saying.

Score bands:

• Normal Rotation (0–24) — routine profit-taking, no structural shift
• Elevated Repositioning (25–49) — specific groups shifting positions, pressure uneven across the market
• High Impact (50–74) — broad stress across multiple holder groups and institutional flows simultaneously
• Critical Impact (75–100) — full capitulation: LTH losses, large ETF outflows, major liquidations, and heavy exchange inflows at once

Week 28 (July 6–12): BII 42.3 — Elevated Repositioning

Positive signals: retail buyers and institutions are returning

Shrimps, or wallets holding less than 1 BTC, have been steadily accumulating throughout the current bear market, adding around 34,000 BTC year-to-date. More recently, however, their buying accelerated sharply. Over the past 30 days, these smaller holders, often viewed as a proxy for retail investors, increased their balances by more than 11,000 BTC — the largest monthly accumulation since late 2023.

Notably, this matches the net balance increase and potential accumulation by whale wallets (holding 1,000–10,000 BTC) over the same period. However, while whale balances can fluctuate significantly from day to day, shrimps typically accumulate much more gradually. Reaching a comparable increase therefore reflects unusually broad and persistent buying across smaller investors. Historically, retail participation tends to strengthen during the later stages of bear markets, suggesting the bottoming process may already be underway.

This view is further supported by spot Bitcoin ETF flows, which turned positive for the first time since early May, recording $197 million in net inflows. While retail investors still account for the majority of Bitcoin ETF holders, institutional participation continues to grow. Even so, the recent shift in flows remains consistent with a recovery increasingly supported by retail demand.

At the same time, average daily exchange inflows fell to 18,648 BTC — their lowest level since April. This suggests relatively little Bitcoin is being moved to exchanges in preparation for selling, leaving sell-side pressure comparatively light.

Negative signals: loss realization among LTH persists

LTH SOPR fell to 0.734, indicating that long-term holders who moved their coins this week did so at some of the deepest losses seen this year. However, long-term holders remain largely inactive when it comes to realizing losses, with most continuing to hold rather than sell. As a result, this dynamic is notable but unlikely to significantly increase overall market stress.

Meanwhile, stablecoin net outflows deepened to an average of -$194 million per day, the weakest reading since mid-May. This suggests fresh capital is leaving the crypto market rather than being positioned for new purchases.

Long liquidations accounted for 73% of all forced liquidations, indicating that leveraged bullish positions continue to bear the brunt of the market’s deleveraging pressure.

Mixed signals: a cluster of bottoming signals is forming

STH NUPL is forming higher lows while LTH NUPL continues to make lower lows — a pattern that has historically emerged in the later stages of bear markets, as short-term participants begin to stabilize while long-term holders absorb the remaining downside. At the same time, both realized loss momentum and MVRV momentum are printing divergences with Bitcoin’s price, suggesting that selling pressure and valuation stress are easing.

None of these signals individually guarantees a bottom. But they are arriving as a group, which is how previous Bitcoin cycle lows have historically been accompanied. 

What could happen next

Bitcoin is sitting next to the 200-week SMA and the middle band of the daily Bollinger Channel, both near $62,500. This zone has been tested repeatedly in recent weeks without either side decisively winning. A sustained hold above it could open the path toward $68,000, where the short-term holder cost basis is located. Crossing that level would return most recent buyers to profit and meaningfully reduce the overall selling pressure.

In turn, If bulls fail to hold above $62,500, $60,000 and $58,000 are the next potential support levels. The shorter-term picture adds a layer of caution. Daily and weekly timeframes are primarily showing bullish signals, but four-hour and lower timeframes are showing bearish divergences in MACD and RSI. This suggests that a short-term correction or period of limited upward momentum is possible before any sustained recovery takes hold.

The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.

That era is over. In 2026, “Solana API” covers several distinct layers. Some providers return enriched wallet and portfolio data as clean JSON. Others specialize in DEX liquidity, explorer lookups, or millisecond-level streaming. The newer wave ships MCP servers, so AI agents can query Solana data without custom glue.

We spend a lot of time on the data side of crypto. So we worked through the Solana providers worth knowing in 2026. Five made the cut. Each occupies a different slot in the stack. The goal isn’t a strict head-to-head ranking. It’s a map of what each does best, so you can pick based on your actual workload.

One note on scope before the list. CEX.IO Trading API covers a different layer: exchange trading and account automation. The APIs below cover the onchain layer, meaning public Solana addresses, tokens, and programs. Many production stacks use both. For the broader landscape, see our top crypto data API providers guide and our best crypto wallet API breakdown.

What Solana APIs Usually Cover

A modern Solana API typically handles one or more of these:

• Wallet and portfolio data: SPL token balances, SOL, transaction history, DeFi positions
• Market data: token prices, OHLCV, trading volume, liquidity
• DEX and pool data: AMM pools, TVL, swap routing
• Explorer data: transaction lookups, account activity, program interactions
• Node-level access: RPC reads and writes, gRPC streaming, webhooks
• AI integration: MCP servers and structured tools for LLM agents

Most production apps combine two or three. Picking well means knowing which layer each provider owns.

How We Picked These Five

We looked at production traction, documentation quality, pricing transparency, and how each handles the AI-agent use case. We also cross-checked developer roundups, like this Solana API breakdown on dev.to, which land on a similar shortlist. Each provider below occupies a distinct slot you can build a real product on.

1. CoinStats API

CoinStats Solana API combines wallet, portfolio, and DeFi data into a single API. Pass any Solana address and get structured JSON back: SPL tokens, SOL, transaction history, and DeFi positions, each priced in USD. Solana is one of 120+ chains served through one schema, so a Solana address, a Bitcoin xpub, and an EVM wallet aggregate into one portfolio view.

Two features differentiate the platform. First, DeFi position resolution across 10,000+ protocols. Positions on Solana’s biggest DeFi protocols, like Jito and Marinade staking, Kamino lending, and Raydium or Orca LPs, surface automatically per wallet. Second, CoinStats MCP Server. It exposes 20+ wallet, DeFi, and portfolio tools to AI agents like Claude and Cursor. The same API key works for REST and MCP.

According to CoinStats, the infrastructure also powers the CoinStats app, which serves more than 1 million monthly users. Pricing is credit-based, with a free tier of 20,000 credits per month. The team also published a deeper breakdown of the best Solana APIs.

Best for: portfolio trackers, tax tools, multi-chain wallet apps, and AI crypto assistants. Suitable for developers looking for wallet, transaction, DeFi, and pricing data through one API.

2. Raydium API

Raydium API covers the DEX-native slot. Raydium is one of Solana’s largest AMMs, and its public V3 API serves the protocol’s own data. Pool lists, TVL, 24-hour volume, mint prices, and CLMM and CPMM pool details all come back as read-only JSON. No API key is required.

There’s also a Trade API layer for builders integrating swaps. It handles quoting and transaction building against Raydium liquidity.

The limits are worth knowing. Raydium positions the API for monitoring and quick data access, not real-time tracking. Requests run behind Cloudflare with progressive rate limiting, and heavy integrators need to contact the team. For sub-second pool tracking, pair it with a streaming provider like Shyft below.

Best for: DEX dashboards, pool and farm analytics, and swap integrations built on Raydium liquidity.

3. Codex

Codex covers the enriched token data slot. It reads Solana markets without the RPC parsing: real-time USD prices, OHLCV charts, holder analytics, aggregated volume, and new-launch tracking across launchpads like Pump.fun. Data lands with 1-second freshness, and WebSocket subscriptions handle live feeds.

The developer surface is modern: GraphQL, a TypeScript SDK, and an MCP server for AI agents. The client list is serious too. Codex powers token data for TradingView, Coinbase, and Uniswap. Beyond Solana, the same API covers 80+ networks, so a Solana-first app can expand without switching providers.

Codex doesn’t resolve DeFi positions or serve explorer-grade lookups. Its lane is fast, enriched market data. A free tier includes 10,000 requests per month, and the Growth plan starts at $350 per month.

Best for: trading terminals, token screeners, launchpad and memecoin analytics, and price-chart features.

4. Solscan API

Solscan API exposes data from the leading Solana block explorer. The Pro API V2 covers account activity, token holdings and transfers, transaction details, and DeFi activity endpoints. If you’ve used Solscan’s web explorer, this is the same data as structured JSON.

The API splits into a free public tier with reduced limits and a paid Pro tier. Pro usage is metered in compute units, with each V2 endpoint costing a flat 100 CUs. Pro plan pricing runs through the Solscan sales team rather than published tiers.

The fit is explorer-style queries. Address dashboards, transaction lookups, and token-holder breakdowns are its core strengths. It reads Solana precisely and nothing else.

Best for: explorer features, transaction and account lookups, and research tools that need Solscan-grade detail.

5. Shyft

Shyft is Solana-only infrastructure, built for speed. The core products are staked RPCs across seven global regions, Yellowstone gRPC streaming, and RabbitStream, which reads transaction signals from shreds roughly 10ms before standard gRPC. On top of that sit parsed transaction history APIs, callback webhooks, and GraphQL indexers for program data.

The pricing model is unusual for the category: no credits and no bandwidth metering on streams. A free tier covers prototyping, and unlimited streaming plans start at $199 per month. Parsing examples ship ready-made for Raydium, Pump.fun, Jupiter, and Meteora.

Shyft returns raw and parsed chain data rather than priced portfolios. Most teams pair it with a data API like CoinStats upstream.

Best for: trading bots, MEV and latency-sensitive workloads, real-time pool monitoring, and custom indexers.

Comparison at a Glance

How to Pick

For many common Solana applications, CoinStats provides wallet, transaction, DeFi, and pricing data through a single integration. More specialized workloads may benefit from combining it with providers such as Shyft for low-latency streaming or Raydium for DEX-specific functionality.

A few questions to guide the choice:

• What kind of data do you need? Wallet balances, portfolio aggregation, and DeFi positions: CoinStats: CoinStats. Pool and swap data: Raydium. Enriched token and market data: Codex. Explorer lookups: Solscan. Raw chain access and streaming: Shyft.
• How fast does it need to be? For millisecond-sensitive workloads, Shyft’s gRPC and shred streams lead. For everything else, REST is fine.
• Are AI agents in your stack? CoinStats and Codex ship MCP servers. CoinStats pairs its server with wallet, DeFi, and portfolio tools.
• What pricing model fits? Credit-based (CoinStats, Solscan Pro), subscription (Codex), flat unlimited plans (Shyft), or free public endpoints (Raydium). All five offer a free way in; this curated list of free crypto APIs on GitHub tracks the wider category.

For developers looking for a single integration covering wallet, transaction, DeFi, and pricing data, CoinStats offers a broad feature set. Independent expert reviews of the leading crypto data APIs reach the same verdict. Teams that later need launchpad-level market data or low-latency streaming add Codex or Shyft alongside it.

FAQ

What is the difference between a Solana data API and a Solana RPC?

An RPC is your gateway to a node. You read raw network state, submit transactions, and handle parsing and pricing yourself. A data API does that work upstream and returns enriched, readable JSON. Use an RPC or streaming provider like Shyft to write to the chain. Use a data API, such as CoinStats, when you need enriched wallet and portfolio data without parsing raw blockchain state yourself.

What is the difference between a Solana API and an exchange API?

A Solana API reads public onchain data: addresses, tokens, pools, and programs. An exchange API, like CEX.IO Trading API, accesses exchange accounts and trading functions. The first covers self-custody assets on the chain. The second covers assets held on a trading platform.

Can AI agents use Solana APIs?

Yes, through MCP servers. CoinStats API ships a native MCP Server with wallet, DeFi, and portfolio tools that cover Solana. AI assistants like Claude and Cursor query balances and positions through natural language, with no custom integration code.

The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.

Bitcoin briefly touched $58,000, but then experienced a price recovery, supported by LTH accumulation and fading selling pressure. The more important development is that the picture is beginning to look less like a market falling apart and more like one approaching a turning point.

About the Bitcoin Impact Index

The Bitcoin Impact Index measures which groups of Bitcoin holders are under financial stress, how severe that stress is, and whether it’s severe enough to shake confidence in the market’s direction. It combines on-chain holder behaviour, ETF and derivatives activity, and exchange-level liquidity flows into a single weekly score between 0 and 100. Unlike sentiment indicators, it deliberately excludes social media and volume data to focus on what participants are doing rather than what they are saying.

Score bands:

• Normal Rotation (0–24) — routine profit-taking, no structural shift
• Elevated Repositioning (25–49) — specific groups shifting positions, pressure uneven across the market
• High Impact (50–74) — broad stress across multiple holder groups and institutional flows simultaneously
• Critical Impact (75–100) — full capitulation: LTH losses, large ETF outflows, major liquidations, and heavy exchange inflows at once

Week 27 (June 29 – July 5): BII 47.0 — Elevated Repositioning

Positive signals: long-term holders showed one of their most dramatic improvements in 2026

LTH SOPR, a metric that measures whether long-term Bitcoin holders are selling at a profit or a loss, recovered from 0.676 to 0.939 in a single week, showing the largest positive weekly move since mid-March. This kind of sharp, rapid recovery has historically been associated with the early stages of a trend reversal.

Total LTH supply also decreased by roughly 10,000 BTC this week. But unlike last week’s sell-into-weakness behavior, this reduction occurred as Bitcoin’s price recovered. Historically, this kind of transition from LTH to STH appeared in the early stages of major Bitcoin rallies and typically signaled renewed accumulation. However, it’s still too early to call it a trend. A few more weeks of similar behavior would be needed for confirmation, but the direction has clearly shifted.

Older dormant coins also began moving again. Revived supply aged six months and older rose to its highest level since February, and the realised value of that revived supply hit its highest level since December 2025. In plain terms: holders who had been sitting completely inactive through the bear market are beginning to engage with the market again. That is also a sign of broader participation that typically accompanies recovery phases.

Short-term holders improved significantly as well, with realized P/L recovering from –0.832 to –0.038, nearly back to breakeven. Recent buyers who were deeply underwater just one week ago now experience much less stress.

Negative signals: stress is easing but not gone

ETF outflows continued for an eighth consecutive week at -$527 million. While that is a notable improvement from last week, the streak itself matters, indicating a sustained withdrawal of exposure. Stablecoin outflows also deepened slightly to -$147 million daily average, meaning fresh buying capital is still leaving rather than building up.

Long liquidations remained elevated at 73.5% of total liquidations, though total liquidation volume dropped to $128 million from $189 million 7-day SMA. The leverage flush has not yet fully completed.

Mixed signals: Bitcoin crossed the line that has historically marked the final stage of bear markets

More Bitcoin is now sitting at an unrealised loss than in profit — 10.1 million coins underwater versus 9.9 million in profit. This is the first time this crossover occurred since the week of the FTX collapse in November 2022. Historically, the cycle bottom occurred within less than 3 months since this signal. In some cases it bottomed almost immediately.

That does not mean the bottom is in now. The same metrics were approached gradually in both previous cycles, and Bitcoin made lower lows after touching this zone in 2014, 2018, and 2022 before finally bottoming out. But from a cycle-positioning perspective, the data is placing this moment in a historically specific context: not the middle of a bear market, but the final stage.

What could happen next

The bearish MACD crossover that was threatening on the daily chart failed to materialise, and both RSI and MACD are now showing bullish divergences across daily and weekly timeframes. On-Balance Volume is also showing similar divergences, suggesting improvements in the underlying volume profile consistent with broader recovery phases. This is a typical setup of weakening downward pressure, which could transition to broader upward movement.

The 200-week SMA near $62,500 is the key test right now, and Bitcoin is already challenging it. If bulls can push through and maintain above it, the next major target is the short-term holder cost basis near $68,000. Crossing that level would return the majority of recent buyers to profit and remove a persistent source of overhead selling pressure.

If the 200-week SMA holds as resistance rather than support, $58,000 and then $54,000 remain the levels to watch on the downside. The $54,000 zone is near Bitcoin’s realised price and the aggregate cost basis of all circulating supply, which has historically only been broken very close to final bear market bottoms.

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