SideShift.ai Weekly Report | 31st March - 6th April 2026

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

Highlights

• Gross volume recovered to $5.25m (+26.5%), with affiliate volume climbing to $1.84m (+87.3%) accounting for the bulk of the swing.
• Shift count came in at 7,463 (+11.4%), driven almost entirely by mid-sized shifts in the $1k–$10k band.
• ETH deposits and settlements both hit their highest levels since mid-Feb, landing almost identically for the first time in months.
• Solana-based stablecoins combined for $792k, with USDT(SOL) posting a new yearly best at $316k.
• XAI stakers received 183,610.80 XAI ($15,326.77) at a 6.99% average APY, peaking at 9.46% on April 3rd.

General Business News

With sentiment already stuck in extreme fear and BTC clinging to the $67k range entering April, the month's opening days only served to reinforce the mood — Drift Protocol, Solana's largest decentralized perpetuals exchange, was exploited for approximately $285 million in an attack widely attributed to a DPRK-linked threat actor, making it the largest DeFi hack of 2026 and the second-largest in Solana's history. BTC spent the remainder of the week oscillating between $66k and $71k without much conviction, ETH and the broader market offered little contrast, and the fear and greed index remained pinned where it has spent the better part of the past two months.

SideShift recorded $5.25m in gross volume (+26.5%), making a solid bounce from last week's  $4.15m. User shifting totaled $4.22m (+31.1%), while liquidity shifting added a further $1.02m (+10.2%), combining to result in a daily average of $749k across the seven days. The top user pairs saw USDT(BSC)/BTC lead at $214k, with USDT(TRC-20)/USDT0(Poly) close behind at $194k and a few less common pairings trailing but still cracking the top group. That included the AVAX/BTC pair further down at $136k, though the true anomaly of the week was ETH/SKY at $112k, an unexpected appearance that delivered a welcome volume boost from an unlikely source. The top pair volumes were relatively modest across the board, suggesting activity was spread more evenly across the platform this week. Beneath the headline, the recovery was largely driven by a near doubling of mid-sized shifts in low four figure territory, while whale-sized shifts above $10k continued sliding to a tally of just 79 — their lowest point in months and a signal that the larger participants still have yet to return in any meaningful way.

Shift count had a similarly positive outcome and came in with a gross total of 7,463 (+11.4%) shifts, producing a daily average of 1,066. This week’s growth was concentrated at the lower end of the $1k–$10k band, which saw its count nearly double from 575 to 1,132 — the same cohort that drove the volume recovery, and a sign that the two metrics were moving in lockstep in a way they haven't always. Meanwhile, sub-$100 shifts held flat at 4,295, while the 79 shifts above $10k accounted for just $2.10m of gross volume, remaining at the lower end of what we've seen in recent months.

BTC retained first place at $1.71m (-2.0%), with user deposits at $764k (-23.1%) and settlements climbing to $622k (+114.2%) — a notable shift from last week where selling dominated as price slid, pointing to users gradually growing comfortable buying into BTC as the mid to high $60k range became familiar ground. Settlements have nonetheless failed to exceed deposits for eight consecutive weeks, underscoring just how persistent the selling pressure has been despite the occasional recovery. USDT(TRC20) held second at $1.28m (+38.7%), with deposits and settlements broadly in balance at $555k and $616k respectively, a composed performance aided in part by a resurgence in affiliate shifting activity. L-USDT climbed to third at $760k (+18.9%), with user deposits continuing to drive the majority of its volume as has been the trend in recent weeks.

ETH moved up to fourth at $743k (+35.5%), with both deposits and settlements hitting their highest levels since mid-February at $335k and $327k respectively, and for the first time in months landing almost identically. After weeks of being skewed heavily one way or the other, users were in genuine equilibrium with the coin this week. USDC(ERC20) rounded out the five at $742k (-0.4%), where last week's surge in settlements as users sought stable ground gave way to the opposite this week, with deposits climbing to $314k (+125.8%) while settlements fell to $247k (-48.4%), pointing to users rotating back out of USDC as quickly as they rotated in. Outside the top five, USDT(BSC) recovered to $525k tied to the resurgence in affiliate activity, while Solana-based stablecoins had an encouraging week with USDC(SOL) and USDT(SOL) combining for $792k, the latter posting a new yearly best at $316k.

Alt networks collectively climbed to $4.06m (+49.3%) while the Ethereum network held steady at $2.02m (-2.9%). The Tron network led at $1.47m (+45.4%), a welcome recovery from last week though still well below the levels it was commanding earlier in the year. The Solana network followed at $1.16m (+47.5%), its strongest week since mid-February and a genuine bright spot in an otherwise gradual slide from its earlier highs. BSC recovered strongly to $701k (+133.7%), the Avalanche network jumped to $255k (+256.5%) attributed to native AVAX shifting, and Base had a solid week at $130k (+79.9%). Arbitrum continued to slide to $74k (-64.3%), a trend that has been running for several weeks now, while Polygon stayed virtually flat at $275k (+0.2%), as consistent as it has been throughout the year. The steady performance across Tron, Solana, and Polygon can in large part be attributed to a consistent stream of those mid-sized integration shifts, the same activity that drove shift count and contributed to volume across those networks moving in tandem.

Affiliate News

Affiliate volume climbed to $1.84m (+87.3%), and the recovery across partners was largely what separated this week from last, their combined swing from $982k doing the heavy lifting on platform volume. The top three reshuffled considerably — first place returned to lead at $309k with 202 shifts, second posted $240k (-8.6%) with 316 shifts, and third delivered $132k (+45.8%) with 438 shifts, the highest count of the three despite the lowest volume. Beyond the top three, the broader affiliate picture was encouraging, with volume and count spread across a wide range of partners rather than concentrated at the top, pointing to a healthier and more distributed week of contribution across the board.

Combined, the top affiliates accounted for 35.0% of platform volume, up from 23.7% last week.

XAI Weekly Performance & Staking

XAI is currently trading at $0.0835, with the market cap settling at $13.03m (-1.85%). The staking side painted an encouraging picture, as 183,610.80 XAI ($15,326.77) was distributed at an average APY of 6.99%, marking the third consecutive week of growing reward, following 146k and 145k XAI in the two prior periods. April 3rd was the standout day, with 35,194.97 XAI sent to the staking vault at a 9.46% APY alongside $1.11m in daily volume.

Additional XAI updates:

Total Value Staked: 142,273,706 XAI (+0.08%)
Total Value Locked: $11,909,459 (-1.45%)

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