SideShift.ai Weekly Report | 27th May - 2nd June 2025

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

Highlights:

• BTC demand held strong – $6.36m in user BTC settlements led all coins and made up 26% of total volume.
• Stablecoin inflow returns – Users deposited $6.9m in stables, marking the first net inflow since March (+$309k).
• Whales back in action – Shifts over $50k totaled $6.84m, up +155% vs. the 2-month average.
• USDC (ETH) climbs ranks – Volume rose +11.2% to $4.67m, outperforming ETH and pushing into the top 5.
• Affiliate share ticks higher – $11.56m in volume made up 46.65% of the total, despite a weekly dip.

XAI Weekly Performance & Staking

XAI finished the week slightly lower than it started after a mostly gradual decrease throughout. XAI's closing price of $0.1358 on 2nd June 2025 was -4.51% lower compared to $0.1422 at the start of the week. This basically was the reverse of the previous week’s measured increase to bring price back just above $0.135 seen during the second half of May 2025. XAI has a current market cap of $20,466,434 (-0.51%), coming off the back of three consecutive weeks of growth.

This week XAI stakers were paid an average 13.74% APY, which is 20% lower compared to last week’s strong performance. May 29th saw the largest staking payout with 69,202.44 XAI ($9.8k) paid to the staking vault, representing a 20.69% APY on daily volume of $5.55m. In total, stakers earned 330,654 XAI valued at $46,264 across the period. 

A total $202k value was added to Treasury this week, including 3000 HYPE ($102k) and 100k USDC, bringing to a current estimated value of $23.4m. Users can follow along with live treasury updates at sideshift.ai/treasury.

Additional XAI updates:

Total Value Staked: 132,292,079 XAI (-1.43%)
Total Value Locked: $17,964,735 (-3.05%)

General Business News

The overall Crypto market has simmered down slightly after last week’s rally that saw BTC into an all time high. SideShift finished the week with total volume of $24.8m (-13.6%), reducing about half of the large increase made last week. This still represents a +20% increase on our weekly average for 2025, indicating a positive trend. Liquidity shifts made up $7.37m of this volume, which is a relatively large third of the total volume, as this reduced to a lesser extent at -9.8% from last week to make up a larger portion.

This brought user volume to $17.4m for this period (-15.1%), with the top user pair of USDT (tron) / BTC holding the title for the second straight week with $2.0m - BTC / USDC (eth) was was not too far behind with $1.48m. Meanwhile, shift count has maintained just above 10k for the week, down a modest -3.3% from the previous week’s sum. 

Shifts over $20k, despite decreasing to $13.6m (-8.4%), have increased in proportion to the total volume, making up a majority 55%. Shifts below $100 totalled 4,227 (+0.7%) which is a 6-week high to make up 41.5% of the total shift count and $144k of volume. Highlighting the increased large shifter activity on SideShift, shifts over $50k value totalled $6.84m this week, which is a whopping +155% increase from the average we have seen over the last two months.

This week was once again very much dominated by BTC. Total deposit volume kept above $8m (-4.9%), representing a large 32% of total volume. However, a decent $3.56m of this was via liquidity shift deposits, required to top-up our BTC inventory. On the other hand, total BTC settlement volume reached a lower $7.37m, however a large $6.36m of this was from user shifts. This shows that while BTC deposit volume was larger, this was fueled more by shifts required to fund the more significant BTC settlement volume by users, a better indication of the true demand for BTC.

Despite coming up lower, USDT on both Tron and Ethereum network has once again surpassed the usual ETH and SOL this week, claiming second and third place with total volume $6m (-20.4%) for Tron network and $5.4m (-13%) for Ethereum network. Interestingly, USDT (tron) had a very evenly split deposit and settlement volume at $3.0m either side, while USDT (eth) had its settlement volume slightly higher at $2.94m compared to $2.49m deposit volume.

ETH claimed 4th place with total volume of $4.95m (-18.3%), while USDC on the Ethereum network was the only top coin to increase this week with total volume at $4.67m (+11.2%) to beat out SOL in 5th place with $3.17m total volume. Notably, LTC cracked $1m total volume, a +29% increase from last week, bringing it to 8th place, behind USDC on Solana network with $1.26m for the week.

As would be expected, stablecoins together had a strong showing this week, increasing a few % to represent 54.4% of total volume with $13.48m. Noteworthy this week is that stablecoin deposit volume has surpassed settlement volume for the first time since March 2025, finishing $6.9m and $6.58m respectively, and resulting in a net positive stablecoin inflow of $309k. This was mostly fueled by $3.0m of USDT (tron) deposit volume, but also might be a signal of users becoming more bullish on risk assets, particularly with the large user BTC settlement volume. 

Affiliate News 

Affiliate volume cooled off this week, dipping to a combined $11.56m (-12.7%) after last week’s surge. Despite the drop, affiliate shifts still made up 46.65% of total volume, a slight rise in overall share (+0.4%) as user activity remained steady across all channels.

Our top affiliate held its #1 spot for a ninth straight week, finishing with $5.59m (-7.1%) - a modest decline but still firmly above the $5m mark. Second place followed with $2.39m (-13.1%), while third place closed out the week at $945k, down just -0.8%. The consistent spread among the leaders reflects a continued concentration of volume, though the broader drop represents the slight slowdown in user size and pace.

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