Alice

Head of Research at @CoinMarketCap; Learning about crypto one project at a time

[CoinMarketCap @CoinMarketCap]

SpaceX lists tomorrow at $135/share 🚀 a $1.75T IPO.

Crypto spent the last 12 months building three ways to trade it before it lists: spot tokens, perps, and prediction markets.

We tracked all of them. New CoinMarketCap Research report 🧵 https://t.co/REX9nGjGYW

[Alenka @alenka_on_x]

This market barely existed 5 months ago.

Last week, I had a data-driven discussion with @AliceCrypto3, Head of Research at @CoinMarketCap , on the key trends shaping RWAs. ⚙️

���� One market stood out in particular: RWA perps.

A few datapoints we discussed on stage:

• The RWA perps market has grown around 10x since Dec'2025

• Weekly trading volume already reached $50B

• CEXs still dominate overall volumes, although there were days in early March when Hyperliquid volumes briefly surpassed centralised venues

• Around 65% of all RWA perps volume comes from commodities, followed by stocks and ETFs

• HIP-3 platforms alone (including @tradexyz and @ventuals) are already processing around $1.5B in daily volume

• Hyperliquid is clearly leading this category today, while players like @edgeX_exchange , Ostium and Lighter are experimenting with different distribution strategies to catch up. @Lighter_xyz's recent integration with @Wallet_tg is a good example.

• CEX are also launching new RWA perp products almost every week – e.g., @coinbase recently announced new perpetuals on AI and defence ETFs (US and China)

• Pre-IPO exposure is another emerging opportunity, with interesting price discrepancies already appearing across Hyperliquid, CEXs and tokenised spot markets like @PreStocks.

• • • • •

❌ Despite all this growth, the market is still tiny relative to TradFi.

Energy and metals futures alone trade around $200B-400B in daily volume globally, meaning on-chain RWA perps are still well below 1% of traditional derivatives markets.

Which also shows the scale of the opportunity. 🎯

24/7 markets, hashtag#global accessibility, easier distribution, DeFi composability – it is not difficult to see why this category is gaining traction so quickly.

• • • • •

🗣️ Also, really liked the format we picked together with Alice for this session. Instead of a classic keynote, it became more of a relaxed dialogue around actual market data and charts prepared by her and the broader CoinMarketCap team in advance.

I think this worked extremely well: discussing concrete numbers directly from the slides gave the audience more context and made the conversation practical and grounded. 💡

Was a real pleasure doing this session together with Alice – definitely one of my favourite discussions from last week!

[Alice @AliceCrypto3]

S&P 500 just broke 7400 refreshing a new ATH. Nasdaq is also at fresh all-time highs. US stocks added $270B at the open today alone.

At the same time, Kalshi recession odds just fell to their lowest level (18%) since the pool launched in July last year.

Peak euphoria. Everyone suddenly believes there’s no recession, no risk, and AI will carry markets forever...

[Alice @AliceCrypto3]

https://t.co/SXyvYeZJHK

[Alice @AliceCrypto3]

@officialczzz @CoinMarketCap BTC probably doesn’t reclaim greed-led upside until liquidity conditions improve, so waiting on a material Fed pivot, QT slowing or reversing, and global M2 starting to expand.

[Alice @AliceCrypto3]

Oh wow! :) Grateful to be included in Gulf Magazine’s Top 10 Crypto People to Help Founders in the UAE (2026). Appreciate the recognition along side all these amazing people. UAE has a special crypto community- ambitious, open, and collaborative 🚀 this is home now 😁✌️

Full story: https://t.co/X9Ryrsao38

[Alice @AliceCrypto3]

@odagius @heyibinance @ellazhang516 币圈特帅+币圈巨美们♥️😁✌️

[Alice @AliceCrypto3]

@vianebinance @yikesqq @Ellie_Lu_crypto @CoinMarketCap @binance @anndylian CMC Keyboard!!♥️👏✌️thanks Viane, amazing event 🫰

[Alice @AliceCrypto3]

Thank you, Binance, for this award 🙏
It means a lot to bring the Binance community and the CMC community together. Two years ago, CMC Weekly Crypto Forecast started from zero, and now 70k+ tune in every week.

P.s.我见天见到好多厉害的KOL，只闻其名第一次面基! 开心🥳

[Alice @AliceCrypto3]

This year’s BBW is amazing 🔥 The stage discussions are packed with insights, the convos at the booths feel much more meaningful, and I’ve seen great product feedback and lively debates on new ideas across the exhibits. It’s also been so much fun catching up with old friends at the event ♥️

[Binance @binance]

“We are going to see a market comeback in Q1 of 2026. February and March will be a bull market again, based on a combination of macro indicators.” - Alice Liu, Head of Research at CMC, on market cycles

[Alice @AliceCrypto3]

Thank you Jenny and https://t.co/j3HWDvLAfT for the interview! It was great to share my market analysis after everything that’s happened over the past six weeks, and to discuss how to navigate a turbulent market.

[Web3.tv @Web3TV_]

Jenny from the Blockchain and Alice Liu from CoinMarketCap explore the big question on every crypto mind - Is this bull cycle truly different from the past? Alice shares a daring perspective - 2025 could be the pivotal year and things might not be what they seem.

Don't miss this impactful teaser. Full interview coming soon!

@jennykarakaya @AliceCrypto3

#aliceliu #coinmarketcap #bullmarket #crypto #cryptonews #bitcoin #btc #altcoins #cryptomarket #blockchain #marketupdate #cryptotrading #solana #ethereum #cryptovolatility #cryptotrends

[Alice @AliceCrypto3]

Yes!

[Alice @AliceCrypto3]

Thanks Matt for having me on the show 🔥It was great to share the analysis

[Matt Zahab @mattzahab]

New episode with @AliceCrypto3, Head of Research at @CoinMarketCap

- Current market sentiment 
- Liquidity is drying up 
- Are we in a bear market? 
- What happened on the 10/10 market crash
- Privacy coins 
- The market is starved of narratives, hence why privacy ripped
- CMC20 Index 
- CMC Fear & Greed
- Watching onchain capital flow and whales 
- Total crypto market cap dropped below $3T — lowest since May, but signs show the worst is likely over

👇👇

[Alice @AliceCrypto3]

macro sets the direction, flows set the speed, and on-chain tells you if it’s sustainable.

[Alice @AliceCrypto3]

I'm happy we intro'd at this time. In a bleeding market, $CMC20 gives structure to chaos. You don’t rely on luck - you rely on market breadth.

For many retail users who get whipsawed by volatility, this may be the most disciplined way to stay exposed until momentum comes back.

My thinking- to Web3Man's credit:

1. No FOMO hunts, no panic rotations.
You track the market’s core strength, not the noise around it.

2. Bear-market friendly.
Index products tend to compress less during downturns and expand strongly when liquidity returns. If we do get a macro bounce, the CMC20 will likely capture it efficiently.

3. Still upside - but controlled.
You’re not max-risk like degen microcaps…But you’re not stuck in a single large-cap like BTC or ETH either.

4. Diversification works.
Instead of betting on one narrative, one team, or one hype cycle, you get exposure to the top 20 assets by market relevance. Historically, diversified baskets recover faster than isolated alts.

When the market comes back again, we will witness the greatest ALT season.

[CoinMarketCap @CoinMarketCap]

🚀 Introducing CMC20: Crypto’s First DeFi-Enabled Tradable Index Token.

CoinMarketCap is proud to announce $CMC20, the first DeFi-native tradable crypto index token on @BNBCHAIN. Your single-trade gateway to diversified exposure across the top 20 crypto assets.

Built in partnership with @reserveprotocol & deployed by @lista_dao, now available on @PancakeSwap @TrustWallet

1/6

[Alice @AliceCrypto3]

@cz_binance 好物推荐，CMC AI 很好用！price chart 下面的分析有macro 也有TA

[Alice @AliceCrypto3]

Technical traders view BTC’s 200-day SMA breach as a bearish regime shift. The last time BTC lost this level (March 2025), it fell 18% in two weeks. However, oversold RSI readings historically precede short-term bounces. Critical support: $99,500 – Expanding channel floor.
​
Check CMC AI for live analysis

[CoinDesk @CoinDesk]

🎙️ Alice Liu (@AliceCrypto3), Head of Research at @CoinMarketCap, previews Jerome Powell’s speech today in our upcoming Markets Outlook interview:

“All eyes are on Powell’s first public appearance since the September rate cuts. With weaker job data and a looming government shutdown, markets are watching closely for hints of another cut.”

Thanks @Stablecoin 🤙 for being a sponsor of CoinDesk media network.

[Alice @AliceCrypto3]

Great pleasure to be on Real Vision with @Jamie1Coutts thanks for having me! Check out our discussion on this market correction, CMC20, and Q4 outlook.

https://t.co/JX7E8PK0pk

[CoinMarketCap @CoinMarketCap]

💰Top 10 Perp DEXes Volume, Fee, OI Comparison