The market shows SOL has fallen below $130 and is now trading at $129.95, with a daily decline of 15.65%. The market is volatile, so please be prepared for risk control.

According to DeFiLlama data, the trading volume of DEX on the Ethereum blockchain was 2.277 billion US dollars on April 15, ranking first. In addition, the trading volume of DEX on the Solana blockchain was 1.234 billion US dollars yesterday, ranking second again; the trading volume of DEX on the BSC blockchain was 1.127 billion US dollars yesterday, ranking third.

According to OKX market data, SOL has fallen below 150 USDT and is now trading at 149.8 USDT, with a 24-hour increase of 7.94%.

Solana Status recommends that Beta validators on the Solana mainnet use version v1.17.31, which includes multiple enhancements aimed at helping to alleviate the current congestion issues on the network.

1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16

Tensor, the official NFT exchange of the Solana ecosystem, announced that they have realized that their original airdrop plan did not sufficiently reward top users. Therefore, they have decided to allocate an additional 2.3% of TNSR from the total supply to provide extra airdrop rewards to approximately 2,900 top users. This additional airdrop will have a lock-up period of 6 months and will be fully unlocked within 2 years.

Austin Federa, the strategic director of the Solana Foundation, outlined the recent congestion issues on the Solana chain on the X platform. He stated that these issues stem from the implementation of the QUIC protocol and can be attributed to a known bottleneck issue. The solution is already on the roadmap. The main reason may be that the demand for Solana has increased at such a fast pace that within a few days, the problem went from "sufficient but needs improvement" to "insufficient." Austin Federa summarized that this issue is simply technical debt, a network stack that will almost certainly need to be completely rewritten later this year, while balancing important maintenance/improvement work.

Solana development team Anza announced on the X platform that its testnet version 1.18.11 has been released. It is recommended that testnet verification nodes be upgraded to help developers observe the effect of relevant patches on congestion issues.

A data-driven overview of the Solana Blockchain

As of April 3rd, the number of settlement transactions on the Solana blockchain in the first quarter reached 2.4 billion, exceeding the total of TRON, Near, BNB, Sei, Polygon, Injective, Sui, zkSync, and Ethereum.

Helius CEO Mert Mumtaz, the Solana ecosystem development platform, explained the reason for Solana's recent network instability on social media. He pointed out that Solana's current problems are not due to protocol design flaws, but rather bugs that have appeared in specific implementations. Solana uses the QUIC network protocol, but the current implementation version of QUIC has some flaws and errors. Protocol design is like the overall design of a car, while specific implementation is like different models of cars from different brands. The fact that a certain brand and model has a problem does not mean that all cars have design flaws. Solana only needs to replace the problematic "parts" without changing the entire "model". He revealed that the implementation being developed by Firedancer does not have the same problem. The fix is expected to be released on April 15th, and if other issues are found during the testing process, the launch time may be delayed. In addition to technical issues, the CEO believes that Solana also needs to consider long-term economic sustainability factors, and can more clearly plan the local fee market and economic incentive measures after fixing bugs.

Solana (SOL) is an integrated, open-source blockchain with the goal of synchronizing global information at the speed of light. Solana optimizes for latency and throughput, sacrificing some verifiability. It seeks to accomplish this through features such as its novel timestamp mechanism called Proof-of-History (PoH), block propagation protocol Turbine, and parallel transaction processing. Since mainnet launch in March 2020, several network upgrades have brought further network performance and resilience, including QUIC, stake-weighted Quality of Service (QoS), and local fee markets.

1. More than $13 billion in funds have been used to participate in Saga staking mining, making it Binance’s largest Launchpool to date

Andre Cronje, a director of the Fantom Foundation, wrote on X platform regarding the congestion issue on the Solana network. Currently, the crypto community has a high demand for block space on Solana, which is actually a bottleneck that needs to be optimized. However, this issue is just an engineering obstacle and not a consensus error, nor does it involve any important component problems. Solana can be considered a "successful victim".

According to CryptoSlam data, Froganas NFT series on Solana's chain jumped to the top of the NFT market on Friday with significant sales performance. In the past 24 hours ending at 11 a.m. Eastern Time on Friday, the cumulative sales reached $1.45 million, representing a 20.49% increase in 24 hours.

The Anza development team (formerly part of Solana Labs, now led by core developer trent.sol) responsible for handling congestion on the Solana network, announced the latest progress on fixing congestion issues in the Agave client on X platform. Anza stated that significant progress has been made in the repair work and is expected to begin releasing fixes next week. The team has worked with other core contributors to analyze the root cause of the congestion and evaluate several potential change solutions. In addition, the Anza team will also release a test patch today to address the current network congestion issue, and if the patch runs smoothly, it will be more widely promoted.

Solana's average daily spot DEX trading volume increased by 319% to $1.5 billion compared to the previous period. Solana has become the main venue for retail users and memecoin traders. Projects built primarily on Solana raised $89.2 million in the first quarter, $2.5 million more than the total raised in 2023.

1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others

Lookonchain monitoring shows that within a short period of 1 day, a certain address spent 30.3 SOL (worth $5,300) to buy 261.27 million EPIK on Solana, and sold 231.27 million EPIK at a price of 5,936.7 SOL (worth $1.04 million), earning a profit of 5,906.4 SOL (worth $1.03 million), with a return of 195 times.

According to the sharp increase in the failure rate of online transactions, co-founder Anatoly Yakovenko responded to Helius CEO's dynamic about "people who hate Solana are spreading FUD through the inability to trade" by saying: "The patch will be released soon, and we are urging trent.sol (core developer) to deal with this matter with all our efforts."