SOL breaks above $210
The market shows that SOL has broken through $210 and is now reported at $210.02, with a daily increase of 12.06%. The market is volatile, so please be prepared for risk control.
Solana's SOL Crosses $75 Billion Market Cap High Amid Meme Coin Frenzy
Solana's SOL has surpassed its previous market capitalization high of $75 billion, driven by the recent meme coin frenzy. The network's activity has been rapidly growing, with SOL crossing $200 for the first time since November 2021. Despite being 22% away from its lifetime peak of $260, SOL has already broken its record market capitalization, with various metrics such as network volumes, active wallets, total value locked, fees, and market capitalization reaching lifetime peaks over the weekend. However, net inflows to the Solana blockchain have been negative, indicating that there has not been a significant influx of new money into the ecosystem.
BOME Token Price Surge Reflects Cryptocurrency Market Dynamics
The Solana memecoin, known as BOOK OF MEME ($BOME) token, has experienced a surge in price of over 450% within a 24-hour period, reaching an all-time high of $0.01. This surge is attributed to the token's recent listing on major exchanges like KuCoin and Gate.io, which have heightened investor interest and trading activity. On-chain data analysis suggests that traders have been taking advantage of the surge to secure profits, with some earning significant returns. However, the inherent volatility of the cryptocurrency market should be acknowledged, and traders should exercise vigilance and strategic decision-making.
Fake account phishing scam exceeds $2.6 million
The fake account impersonating Solana ecological KOL Ansem, using the recent MEME trend, has phished over 2.6 million US dollars just by replying to posts. The biggest single victim lost about 1.2 million US dollars.
Meme project FOMOER has raised over 10,285 SOL
The MEME project FOMOER has launched a fundraising campaign on the X platform. According to on-chain data, the address has received 10,285 SOL, worth over $2 million. The project team has sent nearly 10,000 SOL to the fundraising address.
The transaction volume of DEX on the Solana chain exceeded US$3.8 billion yesterday, a record high
According to DeFiLlama data, the trading volume of Solana's DEX on-chain surpassed $3.8 billion yesterday, reaching $3.808 billion, a new historical high.
DAO Maker: Will expand to the Solana network and plans to launch 4 Solana IDO projects
DAO Maker announced on social media that it will expand to the Solana network. The upcoming actions include: adding a $2 million SOL liquidity pool on Raydium; launching four Solana IDO projects soon; and launching YOURAI on Raydium next Tuesday.
BOME TOP1 holders will sell 190 million BOME for the first time, making a profit of US$3.76 million
According to on-chain analyst ai_9684, in the past 4 hours, @SundayFundayLFG, the holder of BOME TOP1, sold 190 million BOME for 19,640 SOL, making a profit of $3.76 million (average cost of $0.00004691 per BOME). The sale of this smart money caused a short-term drop of 12% in the BOME coin price (from $0.019888 to $0.017703), and he still holds 1.242 billion tokens, worth $27.58 million.
Franklin Templeton: Although memecoins lack intrinsic value, there is a strong correlation between their price surge and blockchain user wallet growth
The digital asset team of Franklin Templeton stated that although meme coins lack intrinsic value propositions, there is a strong correlation between their price spikes and the growth of user wallets on underlying blockchains.It is reported that meme coins may offer "opportunities for investors to quickly profit" and have gained viral spread in the past year "due to their unique nature."As meme coin trading activity increases, active addresses on various blockchain networks also increase, including BONK on Solana and the Avalanche Foundation's recognition of meme coin value.
Solana: In the four years since the creation of the genesis block, more than 27.6 billion transactions have been completed
Solana stated on X platform that since the genesis block was created four years ago, it has completed over 27.6 billion transactions and 2.54 million blocks, with over 1,600 validators in total.
SOL breaks above $190
The market shows SOL has broken through $190 and is currently trading at $190.05, with a daily increase of 7.79%. The market is volatile, so please be prepared for risk control.
On the day BOME went online, the number of active addresses on the Solana network reached its peak in nearly a month
According to data shared by on-chain analyst @ai_9684xtpa, on the day BOME was launched (March 14th), the number of active addresses on the Solana network reached a peak of nearly one month (1.19 million), with the highest growth in active addresses between February 14th and March 14th being 115.66%. Influenced by the BOME hype, the number of new Meme issuances on the Solana network has surged in the past two days, with 8,849 new SPL tokens added on March 14th, expected to surpass the peak of nearly one month (9,690) this week.
Solana on-chain DEX’s trading volume exceeded US$1.4 billion yesterday, ranking first
DeFiLlama data, the trading volume of Solana's DEX on March 13th was 1.471 billion US dollars, surpassing Ethereum to rank first. The daily trading volume of BSC's DEX was 1.139 billion US dollars, ranking second; while the daily trading volume of Ethereum's DEX was 518.15 million US dollars, ranking third.
Unibot: The core team decided to terminate the partnership with the Solana team
On March 11th, Telegram Bot project Unibot announced that the Unibot core team has decided to terminate its partnership with Solana team. The main reasons for the termination are: 1. Solana team violated trust by launching a Blast bot named "evm_unibot" without prior permission and authorization, resulting in users reporting that they were unable to withdraw funds; 2. Refusal to complete KYC; 3. Despite multiple attempts to collect fees, Solana team failed to fulfill their promise to the Unibot core team, causing concern about the fees promised to Unibot holders. In addition, Unibot will develop its proprietary Solana bot, which will soon be available for users on both the Telegram platform and the Unisol-X platform. Unibot users will directly receive SOL reward tokens from the Unibot core team.
160,671 SOL transferred from unknown wallet to Binance
According to Whale Alert monitoring, at around 9:52 am Beijing time today, 160,671 SOL (23,637,905 USD) was transferred from an unknown wallet to Binance.
Solana Networks TVL tops $3 billion
According to Defillama data on March 8th, Solana network's TVL rose to $3.018 billion, with significant increases in TVL for multiple protocols within the Solana ecosystem, including:· Marinade, a Solana DeFi protocol, with a TVL of $1.422 billion and a monthly growth rate of 27.1%; · Jito, a Solana liquidity staking protocol, with a TVL of $1.223 billion and a monthly growth rate of 54.06%;· Kamino, a Solana liquidity solution, with a TVL of $730 million and a monthly growth rate of 92.86%.
Solana's DEX Volume Surges, Nears Ethereum's Dominance
Solana's decentralized exchange (DEX) volume has surged to 28.5%, bringing it closer to Ethereum's dominance at 36.1%. Solana's growth in DEX volumes has been impressive, with the network accounting for only 1.1% of the market share a year ago. Solana-based DEXs like Jupiter, Orca, Raydium, and Phoenix have attracted massive traffic and driven significant trading volumes. However, the surge in volume on Solana has also led to intermittent suspension of withdrawals on the network, and it remains to be seen if Ethereum's upcoming upgrades will give it more leverage on the DEX volume against Solana.
The weekly DEX trading volume on the Solana chain exceeds 11 billion US dollars, reaching a record high
According to DeFiLlama data, the weekly trading volume of Solana's DEX on the chain has exceeded $11 billion, reaching a historical high with a growth rate of 154.41%. In addition, the 24-hour trading volume of Solana's DEX on the chain has exceeded $2 billion.
SOL breaks above $130
Market data shows that SOL has broken through $130 and is currently trading at $130.05, with a daily decline of 3.84%. The market fluctuations are significant, so please be prepared for risk control.
