Solana’s decentralized exchange (DEX) ecosystem has seen unprecedented growth, signaling a robust year for the blockchain network. With trading volumes soaring from $4.6 billion at the start of the year to a peak of $26.7 billion in March, interest in Solana is at an all-time high. The network now boasts over 5.8 million traders, with $1.2 billion locked in liquidity as of March 25th. Raydium emerged as the leading DEX, overtaking Orca with a dominant share of trading volume, peaking at $12.4 billion mid-March.

Despite a recent consolidation, with volumes adjusting to $8.2 billion, the activity across Solana’s DEXs remains strong. Bots, though a fraction of participants, contributed significantly, driving up to 40% of the daily volumes. This surge reflects not just a spike in algorithmic trading but underscores Solana’s growing appeal in the decentralized finance (DeFi) space. As it continues to attract high engagement and liquidity, Solana is positioning itself as a key player in the DeFi landscape, indicating a promising future for its ecosystem.

Dune Analytics

BIGCAP COINS:

1. Fetch.ai: Market Cap of $2.6 Billion.
2. Pepe: Market Cap of $3.2 Billion.
3. Dogecoin: Market Cap of $30.0 Billion.

MIDCAP COINS:

1. Panda Swap: Market Cap of $12.8 Million.
2. Realio Network: Market Cap of $15.1 Million.
3. Ondo: Market Cap of $1.2 Billion.

RISING COINS:

1. pepeCoin: Market Cap of $782 Million.
2. Grok: Market Cap of $109 Million.
3. DEXTools: Market Cap of $73.8 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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A U.K. judge ordered to freeze $7.6 million (£6 million ) worth of Craig Wright’s assets worldwide after finding that he falsely claimed to be Satoshi Nakamoto, the pseudonymous inventor of Bitcoin.

The order comes after Wright’s decisive loss in a landmark lawsuit against the Crypto Open Patent Alliance (COPA). Earlier in March, Judge James Mellor ruled that Wright did not author the Bitcoin whitepaper, create Bitcoin, or develop its early software, debunking his longstanding claims to the contrary.

Now, Mellor has granted COPA’s application for a worldwide freezing…

Read more on BitcoinMagazine

Mark Yusko, co-founder and CEO of Morgan Creek Capital, reaffirms his belief in Bitcoin’s potential to reach a six-figure price in the near future. Speaking on CNBC, Yusko outlines his optimistic forecast, suggesting that Bitcoin could triple in value from its current fair value or double from its post-halving fair value. He attributes this projection to factors such as the halving event, which historically leads to price increases, and the rise in transaction fees. Yusko predicts Bitcoin could surge to $100,000 or even reach $150,000 in the current cycle, highlighting the diminishing leverage compared to previous cycles.

Yusko anticipates the peak of the bull cycle around nine months after the halving, typically occurring between Thanksgiving and Christmas. He emphasizes the impact of increased demand coupled with reduced supply following the halving, pointing to the historical trend of exponential price growth during this period. With Bitcoin trading at around $70,882 at the time of writing, Yusko’s bullish outlook suggests significant potential for further appreciation in the cryptocurrency’s value in the coming months.

Source

Metalpha Technology Holding Limited (NASDAQ: MATH) provides qualified investors and institutions with boutique crypto wealth management services, as a rising star in Asia akin to MicroStrategy (MSTR). CEO Adrian Wang founded the company on a mission to build a sustainable crypto ecosystem with effective hedging solutions in an industry known for its boom and bust cycles. With the right application of derivative products, investors can ‘earn higher and lose less’ when the market is in turmoil.

“The crypto industry continues to have room for growth, despite its challenges this year. We are looking very closely at how to build a stronger and healthier global market for digital assets,…

Read more on BitcoinMagazine

In a significant development, Sam Bankman-Fried (SBF), the founder of the now-defunct exchange FTX, has been handed a 25-year prison sentence following his conviction on multiple charges, including fraud and money laundering.

Sam Bankman-Fried sentencing, presided over by Judge Lewis A. Kaplan in Manhattan federal court, brings to a close a case that has shaken the foundations of the digital asset industry.

SBF to Forfeit Over $11B

The sentencing took place amidst a backdrop of high stakes, with Bankman-Fried facing the possibility of a much longer sentence, with prosecutors suggesting up to 110 years behind bars. This verdict follows the turbulent events that led to the sudden downfall of…

Read more on bitcoinnews

Amid the increasing demand for United States spot Bitcoin Exchange-Traded Funds (ETFs), BlackRock CEO Larry Fink has expressed his delight at the remarkable performance of the firm’s ETF, IBIT.

He stated that IBIT ETF has exceeded all expectations and demonstrated strong bullish sentiment towards Bitcoin’s long-term prospects.

IBIT: The Fastest Growing ETF

In a recent interview with Fox Business on March 27, Fink highlighted the unprecedented success of the iShares Bitcoin Trust (IBIT), BlackRock’s Bitcoin ETF, labeling it “the fastest growing ETF in the history of ETFs.”

Fink expressed his surprise at the overwhelming demand for IBIT, underscoring the creation of a market…

Read more on bitcoinnews

Digital asset exchange Coinbase finds itself in hot water as the Securities and Exchange Commission (SEC) pushes forward with its lawsuit against the company for allegedly engaging in unregistered securities sales. Here’s a breakdown of the situation.

Coinbase SEC Lawsuit Background

Digital assets, often touted for their decentralized nature, are facing increased scrutiny from regulatory bodies like the SEC. The SEC has long sought to bring “cryptocurrencies” under its regulatory umbrella, and its latest move involves taking legal action against Coinbase, one of the largest exchanges in the United States.

The SEC is currently prosecuting Binance, another major digital asset exchange,…

Read more on bitcoinnews