SideShift.ai Weekly Report | 24th - 30th March 2026

Welcome to the one hundred and ninety-seventh edition of the weekly stats report - your one-stop shop for all things SideShift.ai.

Highlights

• Gross volume fell to $4.15m (-26.7%), though shift count held positive at 6,700 (+4.2%).
• BTC deposits more than doubled to $993k (+105.5%) while settlements collapsed to $290k (-74%), a clean reversal from last week's buying activity.
• USDC (ERC-20) jumped +199% to $745k, with settlements rising to $480k (+833.6%) as users shifted into stables early in the week.
• XAI stakers received 145,465.29 XAI ($12,406.68) at a 5.51% average APY, peaking at 9.93% on March 25th.

General Business News

The week's big story was the SEC finally delivering rulings on 91 pending crypto ETF applications, the largest single decision day the industry has ever seen, covering spot funds, staking products, and everything in between for assets like SOL, XRP, and DOGE. It was the kind of regulatory milestone the market had been anticipating for months, and when it arrived, it was a textbook selling of the news. $300 million in leveraged longs were wiped out on ruling day alone, with BTC dropping from $71k at the open to around $66.5k by Friday and pulling ETH, SOL, and XRP down 6–8% with it. The ongoing Iran conflict continued to weigh on broader risk appetite through the week, leaving sentiment in a familiar place — cautious, deflated, and range-bound.

SideShift recorded $4.15m in gross volume this week, a -26.7% drop that brought daily average volume down to $593k. User shifting declined to $3.23m (-22.3%), with liquidity shifting falling in step at $921k (-38.9%), consistent with overall lighter user activity and no strong directional bias. The top user pairs told the same story as the headline number — BTC/USDC (ERC-20) led at $364k, with BTC/ETH and USDT (TRC-20)/BTC following well behind at $105k and $103k respectively. All three pairs featuring BTC was a notable feat given last week's stablecoin-dominated top spots, though stepping back further it isn't out of character for the platform’s volume to be centered heavily around BTC. The figures themselves were the more telling detail, as last week's lead pair cleared $660k while this week's didn't get close to half of that. Large-scale shifting was simply absent, from both on-site users and integrations, with the latter feeling the impact most acutely.

Shift count came in at 6,700 (+4.2%) for a daily average of 957, the only metric to finish the week in positive territory. Looking closer at the breakdown though, the growth was driven entirely from the bottom of the size spectrum. Sub-$100 shifts grew to 4,343 from 3,922, while shifts above $10k fell to just 85, their lowest point in months, a band that had already been trending down since the 610 recorded in early February. That group produced just $2.04m in volume compared to $2.93m last week, and the average shift size falling to $619 from $880 captures the same story from a different angle. Activity was there, but the participants moving meaningful volume largely weren't.

BTC held onto first place at $1.75m (-24.3%), though with a composition that stood in stark contrast to last week's. User deposits came in at $993k (+105.5%) while settlements collapsed to $291k (-74%), a clean reversal from last week where settlements were more than double deposits as users bought into BTC's relative strength. With price sliding through the week, users moved decisively out of BTC positions. USDT (TRC-20) followed in second at $921k (-40.7%), marking its first finish below $1m this year, with deposits and settlements landing within 5% of each other at $395k and $380k — a surprisingly balanced result for a coin that has spent most of 2026 as the platform's heaviest settlement preference. USDT (BSC) was the notable absence after last week's $1.49m, plummeting to just $169k, a coin that has shown it can violently swing in either direction from one week to the next.

USDC (ERC-20) was the week's standout, jumping to third at $745k (+199%) after hitting just $249k last week, driven by on-site activity early in the week as users shifted into stables, with settlements rising to $480k (+833.6%) against a user deposit sum of just $139k. The coin has swung between $249k and $1.09m across the past two months, making this week's result better read as a snap back than sustained momentum. L-USDT held fourth at $639k (-5.4%) while ETH returned to fifth at $548k (-25.7%), with its deposit and settlement split near even at $235k and $233k. SOL posted $490k (+52%) outside the top five, its strongest week since mid-February and a genuine reversal after declining for a month straight.

Alt networks collectively fell to $2.72m (-44.6%), their lowest total of the year and a major contributor to this week's overall volume decline. The Ethereum network bucked the trend with a modest +6.3% gain to $2.06m, buoyed by the previously mentioned USDC (ERC-20) activity, while the Tron network, despite remaining the largest alt network, fell -42.3% to almost exactly $1m, its lowest weekly total since at least late December. BSC was the most dramatic, collapsing -83.8% to $300k in its sharpest single-week drop this year. Arbitrum and Polygon provided the only other relief, climbing to $207k (+74.1%) and $274k (+72.7%) respectively on the back of stablecoin activity, with the Solana network rounding out a quiet week at $783k (+4.0%).

Affiliate News

Affiliate volume pulled back sharply to $982k (-46.6%), a steeper decline than even gross platform volume, with the top three reshuffling considerably this week. First place led at $263k (-16.9%) with 290 shifts, claiming the top spot from second position last week despite its own volume falling. Second place followed at $125k (+8.5%), its strongest performance since early February, with 291 shifts. This was virtually identical in count to first place despite generating less than half the volume, pointing to a meaningfully different average shift size between the two. Third place posted $91k (+36.6%) with 371 shifts, the highest count among top affiliates despite the lower overall volume.

Combined, our top affiliates accounted for 23.7% of platform volume, down from 35.5% last week.

XAI Weekly Performance & Staking

Despite a tough week for gross volume, XAI staking held its ground with 145,465.29 XAI ($12,406.68) distributed at a 5.51% average APY, finishing just below last week's snapshot of 5.53%. March 25th was the standout day, when 36,810.37 XAI was sent directly to the staking vault at a 9.93% APY on the back of $945k in daily volume. XAI itself remained flat, and is currently trading at $0.0850, with its market cap settling at $13.28m (-0.59%).

Additional XAI updates:

Total Value Staked: 142,156,261 XAI (+0.11%)
Total Value Locked: $12,084,516 (-0.17%)

That’s all for now - thanks for reading and happy shifting.