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.

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.

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.

The sales of NFTs on the Solana blockchain reached $217,406,389.95 in February, a decrease of nearly 9% from January's $238,736,545.7. Additionally, there were over 382,000 transactions of NFTs on the Solana blockchain in February, with 428,003 unique buyers and 191,507 unique sellers.

Since the third quarter of last year, Solana has gradually overcome the impact of the bankruptcy of FTX/Alameda. Toghrul Maharramov, an analyst at Power Your Own Research, shared data showing that the average dollar-denominated cost per transaction on the Solana (SOL) blockchain has skyrocketed from 0.001 USD to 0.03 USD, an increase of nearly 30 times, from August 2023 to February 2024, during which time the SOL price rose from 19 USD to 120 USD. The analysis suggests that the growth in fee revenue on the Solana chain may be related to previous airdrop activities such as Jupiter, and Solana co-founder Anatoly Yakovenko remains optimistic about the growth in fee revenue on the blockchain.

Recently Solana experienced its first outage in over 11 months. An infinite loop was propagated across the network’s validators due to a faulty implementation inside of the core software via the Berkley Packet Filter which is the mechanism to deploy, upgrade and execute programs on Solana. Block production halted, impeding the chain’s progress (in layman’s terms, it went offline). Validators then manually verified, inside of a Google Sheet, a snapshot of the last valid block. For the chain to restart, at least 80% of validators began running the patched software for blocks to be added to the chain.

On February 25th, QnA3.AI, an AI project, announced that it has received investment from the Solana Foundation and is working with Solana to create a strategic alliance focused on AI and DePIN development. QnA3.AI stated that it has currently accumulated a large amount of AI training data. Through cooperation with Solana, this data will be stored and trained on the Solana blockchain, and an application specifically designed for the Solana Saga mobile phone will be developed. QnA3 is an AI-driven one-stop Web3 knowledge engine and trading entrance, and is a well-known Web3 DApp in the current popular AI section. According to DappRadar data, QnA3.AI's user activity (UAW) ranks first in the BNB Dapp list and seventh in the full-chain Dapp list. As an AI+Crypto question and answer platform, GPT fills the gap in AI targets. With the project listed on OKX and receiving funding from the Solana Foundation, it is expected to become another high-potential project in the AI sector. OKX Jumpstart will soon launch GPT (QnA3.AI), and users can pledge BTC and ETH starting at 6:00 am UTC on February 26, 2024 to exchange for GPT tokens. QnA3.AI officials will also soon participate in the first round of token airdrop activities, and interaction records and points will determine the user's share of the airdrop.

According to DefiLlama data, Solana's total value locked (TVL) has reached $2.03 billion, with a 24-hour increase of 2.92%.