According to DeFiLlama data, the trading volume of Solana-based DEX in the past 24 hours reached 2.84 billion US dollars.

The Solana ecosystem tokens have seen a general increase in value, including: WIF with a 24-hour increase of 27.24%, currently trading at $3.11 USD. RAY with a 24-hour increase of 39.79%, currently trading at $3.16 USD; JUP with a 24-hour increase of 15.55%, currently trading at $1.54 USD.

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 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.

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.

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.

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.

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 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.

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.

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.

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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.

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.

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.

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.

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.

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.

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 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.