bitcoinist.com

Ethereum saw a brief bounce, which pushed its price above the $2,000 mark, but this upward move seems lost its momentum and has fallen below the level. Amid this, ETH’s price bounce on Tuesday comes a notable spike in the network’s on-chain activity and the creation of new wallet addresses.

Ethereum Activity Spikes to Historic Levels

Even though the broader cryptocurrency market appears highly volatile, Ethereum investors are moving against the current trend and exhibiting renewed bullish sentiment. This renewed euphoria toward the leading altcoin is shown by a sudden wave of fresh investors entering the market each day.

Santiment, a popular market intelligence and on-chain data analytics platform, took to the X platform to share this rise in network activity amid a brief bounce. Ethereum’s price has briefly increased, and a more interesting narrative is now developing beneath the surface.

As ETH attempts to stabilize above the $2,000 level after recent volatility, bulls and bears are currently battling over whether the resistance will be breached in the long run. In the meantime, on-chain data indicates a significant increase in user involvement, which shows a historic spike in the creation of new wallets and total network activity.

Using the 30-day averages, there has been an increase in fresh addresses and network activity on a daily basis. The chart shared by Santiment shows that there are over 837,200 active ETH wallet addresses per day, representing more than 80% rise in comparison to 5 years ago. 

When compared to 10 years ago, this figure marks an over 1,135% spike. The increase in new addresses may indicate new funding, a resurgence of interest, or the reactivation of previously excluded players joining the ecosystem.

In terms of new Ethereum wallet addresses, there have been over 284,800 created per day. This number represents a +64% uptick compared to 5 years ago and a more than 1,967% increase compared to 10 years ago. A steady increase in wallet creation often signals deeper network usage and growing popularity, which may trigger a larger price surge.

A Historic Pattern Unfolding On The ETH Chart

Despite the bearish market conditions, Ethereum is forming a key pattern that would flip the altcoin towards the upside. According to Coinvo Trading, a full-time crypto trader on X, the impending ETH move “is going to shock the entire world.”

After examining the altcoin’s performance on the weekly time frame, Coinvo Trading highlighted that the same Rainbow pattern that occurred in previous cycles before every major ETH rally has returned. When ETH retests the middle of the Rainbow chart, the altcoin usually blows up.

The altcoin is currently retesting the same level after hitting it once more. Should history repeat itself, ETH could be set for one of its most significant rallies. While investors are sitting on the sidelines waiting for a sign of an upswing, the expert stated that this repeating rainbow pattern is the signal they have been anticipating.

Cardano founder Charles Hoskinson is refusing to join the chorus of crypto pessimists. In a recent podcast appearance, Hoskinson delivered a bullish message to a rattled investor base, insisting that the crypto market’s greatest chapter is still unwritten. Although he champions the crypto industry’s bullish future, Hoskinson has not shied away from sounding the alarm on legislation he believes could impede it. 

Hoskinson Says Crypto’s Strongest Era Is Still Ahead

Speaking on Wendy O’s podcast, Hoskinson made his position clear on the crypto industry’s trajectory. In simple terms, Hoskinson noted: “I think our best days are ahead of us as a market.”

Hoskinson’s comment follows the broader thinking among many crypto participants. Many crypto participants and commentators would agree that the industry has not yet reached its peak ppotential andthat higher valuations are still within reach as adoption deepens and infrastructure matures. 

This is not the first time the Cardano founder has pushed back against bearish views, but his latest comments arrive at a particularly sensitive moment for the market, lending them added weight among investors looking for direction.

His optimism, however, is not without caveats on the regulatory front. In a separate X broadcast, Hoskinson described the CLARITY Act as horrific. The crypto market structure bill is advancing through the US Congress, and stakeholders believe it will be passed anytime soon.

However, according to Hoskinson, the CLARITY Act will effectively treat every crypto asset as a security by default and create bureaucratic attack vectors that could allow the SEC to dismantle future American crypto projects. He also flagged the bill’s failure to protect DeFi protocols, prediction markets, and stablecoins, including a provision banning yield on stablecoin balances. 

On the other hand, crypto figures like Ripple CEO Brad Garlinghouse have expressed support for the CLARITY Act, with the premise that imperfect legislation is better than none. 

ADA Under Pressure, But DeFi Growth Is Positive

Hoskinson’s optimism comes within a context of mounting global challenges. The escalating Israel-Iran conflict has led to global risk aversion, and crypto has been no exception. ADA was caught in the selloff, sliding to a low of $0.260, while Bitcoin dropped to $63,500 during the initial selloff. Bitcoin, however, is now back above $70,000 at the time of writing, and ADA is also pushing above $0.27.

Related Reading: What’s The Beef Between Cardano And XRP? Here’s Why The Communities Are Clashing

Interestingly, there are on-chain signals that show Cardano’s ecosystem is quietly gathering strength. The stablecoin to DeFi TVL ratio on Cardano has jumped from around 10% last June to 32% today, roughly tripling in less than a year. In just the past seven days alone, USDCx liquidity pushed Cardano’s stablecoin supply from $33 million to $47 million, a 42% surge.

 That said, a significant portion of Cardano’s DeFi TVL is denominated in ADA itself, meaning the recent price drop has reduced dollar-denominated TVL and mechanically inflated the stablecoin ratio.

XRP has now recorded five consecutive monthly losses, highlighting its sustained weakness since Q4 2025. The cryptocurrency continues to trade sideways amid growing investor caution amid broader market volatility and ongoing geopolitical tensions. Notably, a crypto analyst has pointed out that this marks the second time in XRP’s history that it has posted a five-month negative streak. The last time it happened, the cryptocurrency rebounded with a staggering 4,300% increase. If historical patterns were to repeat, XRP could be setting the stage for a similar breakout.

XRP Repeats Rare 5-Month Red Streak

A new report from crypto analyst @erasurev_v disclosed that the XRP price has officially closed five consecutive months in the red, a pattern that has only appeared once before in the asset’s entire trading history. Sharing the revelation in an X post this week, @erasurev_v pointed out that the first and last time this negative streak occurred, XRP went on to post one of the largest price increases ever recorded in the crypto market.

The previous five-month red streak ran from October 2016 through February 2017, with each month ending on a negative note. Following that sequence, XRP entered three straight green months and climbed 4,300% before the bull run was over. This massive price surge had helped the cryptocurrency propel to its current all-time high above $3.84, which was achieved during the bull rally in 2018. 

Notably, the current five-month negative streak runs from October 2025 through February 2026, matching the earlier period month-for-month. Based on this recurring 5-month streak, @erasurev_v predicts that the altcoin could mirror the same explosive rally that occurred during the 2017 bull run. 

If the pattern plays out the same way, the analyst projects that the price could reach $60 by June 2026, reflecting the same 4,300% price increase from 2017. If this bull run occurs, XRP would close three consecutive months in the green starting in March this year. 

While this outlook may carry some weight, a repeating chart pattern does not guarantee the same result. Market conditions in 2026 differ significantly from those of 2017, particularly in terms of market capitalization, global adoption levels, XRP Spot ETFs, macroeconomic dynamics, and the evolving regulatory landscape. Still, five consecutive red monthly closes on XRP is rare enough that when it happens twice and lines up this perfectly, it tends to get significant attentions 

Monthly Returns From October 2025 To February 2026

According to monthly returns data from CryptoRank, XRP began its 5-month red streak in October 2025, closing the month down 11.9%. The bearish momentum intensified in November, when the token fell another 13.8%, and deepened further in December with a 14.8% decline. 

As the market entered 2026, the cryptocurrency continued to trade sideways, ending the month down 10.6%. The sell-off accelerated in February, with the month recording the sharpest drop of the five-month slide at 16.2%. In total, XRP has lost more than a 26% of its value so far in 2026. 

The XRP downside pressure has intensified, and is now moving beyond its price dynamics into on-chain activity. Following a prolonged period of downward performance, key areas such as Open Interest have heavily turned bearish, experiencing a steady drop over the past few days.

Market Turbulence Triggers XRP Open Interest Meltdown

With the price of XRP struggling with volatility, its derivatives market has sharply flipped into negative territory, reflecting the intensity of the current market condition. A report from Xaif Crypto, a market expert and investor, outlines a massive drop in Open Interest (OI) since the beginning of this year.

The chart shows that XRP has seen a startling 70% decline in open interest across key derivatives platforms due to a violent wave of volatility. In just a few days, a large amount of speculative exposure was wiped out, and investors were forced out of positions in what had been a highly leveraged market.

Over the past 5 months, the multi-exchange open interest fell from $660 million to $203 million. This sharp contraction signals a potential market structure reset in the short term. Within the same period, over $457 million in leverage has been wiped out of the market, accompanied by a drop in the token’s price from $3 to $1.35.

According to Xaif Crypto, this dramatic deleveraging event is not fresh shorts. Rather, it is an indication of liquidations, triggered by forced exits and resets. With this development, XRP is now at a crucial juncture where real demand will drive the next stage rather than leverage. However, it is worth noting that the last time the open interest reached this level of compression, the altcoin experienced a move that led to the formation of a major bottom. Currently, the market lacks leverage and awaits the wave of fresh capital.

Even with the ongoing bearishness of XRP, the token remains one of the best-performing altcoins. This cycle’s altcoin volume during the accumulation phase already surpasses the bottom of the entire previous cycle after experiencing a persistent multiple green walls and yellow trends.

At the forefront of this charge is XRP, and other alts beneath the token are coiling harder than ever. When compared to the last cycle, this is the main event, which could play a role in shaping the next price direction.

Realized Volatility At A Record Level

Following an analysis of the XRP Realized Volatility metric, Xaif Crypto reveals that the altcoin has entered a new phase of turbulence. Data shows that realized volatility is on the rise, surging to its highest level in the past year. In the 30-day indicator, the chart is positioned at level 1.16, demonstrating increased uncertainty and aggressive repositioning by investors in the futures and spot markets.

Historically, these kinds of volatility spikes have preceded big moves upward or downward. However, when the indicator last reached this level, it led to a major price move for the altcoin, which suggests that the recent calm may be over and raises the possibility of a rally in the near future.

Crypto analyst Ardi has alluded to Bitcoin’s last cycle to provide insights into when the leading crypto could end its downtrend this time around. This comes as BTC continues to show strength amid the rising tensions between the U.S. and Iran. 

Analyst Points To Bitcoin’s Last Cycle Bottom For When This Downtrend Could End

In an X post, Ardi noted that during the last cycle bottom, it wasn’t just Bitcoin’s price that found a floor, but that the Open Interest was completely wiped out back then. He highlighted how leverage was reset to zero back then, which was when the real bottom accumulation started. The analyst suggested that BTC may again be on its way to finding a bottom, as the market has already flushed a lot of leverage. 

However, he noted that if the last cycle is any guide, the Bitcoin bottom doesn’t form until the speculative excess is almost entirely gone. CoinGlass data shows that leverage in the BTC market remains well above levels recorded at the last cycle’s bottom. Bitcoin’s open interest is currently at $43.86 billion, while the derivatives trading volume is at $87.68 billion. 

Meanwhile, Ardi also commented on the ongoing war between the U.S. and Iran and how it affects Bitcoin. When asked whether his analysis factored in the war for when a bottom could occur, the analyst stated that BTC’s price has already factored in most of that. He added that the worst phase for price is likely over from a war perspective. 

Bitcoin has so far maintained a tight range amid the war between the U.S. and Iran. The leading crypto had climbed to $70,000 earlier in the week but faced significant selling pressure at that psychological price level. 

BTC Could Rally To $80,000 This Month

Crypto analyst Michaël van de Poppe predicted that Bitcoin could rally to between $75,000 and $80,000 this month. The analyst also touched on the current price action, highlighting how it has held above $65,000 and even rallied towards the $70,000 level. He added that BTC is likely to see some days of consolidation before a breakout to the upside likely occurs. This breakout also looks likely, considering that Bitcoin has been establishing this range for a while now. 

A positive for Bitcoin is that the selling pressure may be easing. Glassnode analyst Chris Beamish stated that the long-term holders (LTH) net position change is now easing after months of sustained net selling. This suggests that selling pressure from seasoned holders is moderating as BTC stabilizes. 

At the time of writing, the BTC price is trading at around $67,800, down in the last 24 hours, according to data from CoinMarketCap.

Ripple says it is tightening the XRP Ledger amendment process after a critical flaw was found in the proposed Batch amendment (XLS-56), an incident that exposed gaps in review even as the network’s last-resort safeguards prevented any mainnet impact.

In a post on X, RippleX Head of Engineering J. Ayo Akinyele said the bug was identified last week by Cantina AI, reported responsibly, and quickly validated as critical. The issue never became exploitable on mainnet because the amendment had not yet been activated, and a hotfix was issued to disable both Batch and the related fix amendment while a broader remediation is reviewed.

Ripple Responds To The Critical Bug

Akinyele did not try to soften the significance of the lapse. “The Batch amendment progressed further than it should have,” he wrote. “As active participants in the amendment lifecycle, we share responsibility for ensuring that review, signaling, and activation safeguards meet the highest standard. In this case, we must do better.”

At the same time, Ripple is framing the episode as a failure of early-stage review rather than of the XRPL governance model itself. Akinyele said “the amendment process functioned as designed,” noting that activation gating prevented harm to mainnet and the bug bounty disclosure route worked as intended. But he added a sharper warning: “Those safeguards matter, but they should serve as a final line of defense, not the primary one.”

That distinction runs through the rest of Ripple’s response. Rather than suggesting tighter centralized control, Akinyele argued that amendment security on XRPL must remain distributed across core contributors, validators, the XRPL Foundation and outside researchers. “No single entity controls activation. No single entity owns risk in isolation,” he wrote, describing that structure as both a consequence of decentralization and a strength, provided it is matched by layered defenses and better coordination.

Ripple’s proposed fixes are broad. Akinyele said future releases that introduce features carrying “theoretical risk of disruption” will go through multiple independent audits with reputable security firms in coordination with the XRPL Foundation. The idea is straightforward: different teams catch different classes of issues, and redundancy reduces blind spots when code touches consensus-critical behavior.

The company also plans to expand the bug bounty program and formalize adversarial testing campaigns before activation. Akinyele pointed to initiatives such as the Lending attackathon and a UBRI-sponsored hackathon as models for that approach, arguing that incentivizing white-hat attackers before launch is far cheaper than reacting after the fact. He added that lessons from the Batch incident have already affected other roadmap items, saying Ripple “deliberately held lending back” to allow for more review, testing and scrutiny before moving toward activation.

Part of that next phase will rely more heavily on AI. Akinyele said Ripple is incorporating AI-assisted code review, automated invariant discovery, agentic fuzzing and simulated attack scenarios into its software development lifecycle. “AI does not replace expert C++ engineers, but rather augments them,” he wrote, especially when “subtle logic interactions at critical points can create outsized risk.”

Longer term, Ripple says it wants formal verification to become standard for high-risk ledger components. That includes modeling amendment behavior before activation, proving safety properties for critical components and integrating formal methods from XLS specification through implementation and testing. The broader aim, Akinyele said, is end-to-end assurance that amendment code is not only functionally correct but aligned with defined security and safety properties.

At press time, XRP traded at $1.3698.

Europe’s top central bank is watching stablecoins with growing caution. What began as a niche crypto tool is now large enough to draw attention in Frankfurt.

Based on reports, the European Central Bank has warned that wider use of privately issued digital tokens tied to major currencies could chip away at traditional bank deposits across Europe.

The concern is simple. If households and firms start parking more of their cash in stablecoins instead of bank accounts, lenders could end up with less money to fund loans.

Deposit Flight Could Strain Eurozone Banks

According to an ECB working paper cited by Reuters and other outlets, stablecoins may pull funds out of the banking system if people see them as safe and easy to use for payments or savings.

Even small shifts can matter. Eurozone banks rely heavily on deposits to finance mortgages, business credit, and consumer loans.

If deposits fall, banks may have to look for other funding sources. Those often cost more. When funding becomes more expensive, lending can slow, or borrowing rates may climb. That ripple effect could be felt by households and companies across the region.

Reports note that dollar-backed stablecoins are a particular worry. If Eurozone residents increasingly hold tokens linked to the US dollar, it may also weaken the role of the euro in daily transactions.

The ECB has long guarded its control over monetary policy. That control depends on how smoothly interest rate changes pass through the banking system.

It was stressed in the paper that a sharp rise in stablecoin adoption could weaken that transmission channel.

Monetary Policy Could Lose Some Bite

The ECB adjusts interest rates to cool inflation or support growth. Those decisions filter through banks, which adjust deposit and loan rates in response. If a chunk of savings sits outside the traditional system, that chain can be disrupted.

Based on reports, ECB researchers modeled scenarios where stablecoins capture a meaningful share of deposits. In such cases, the impact of rate hikes or cuts may become less predictable. Policy moves could take longer to influence spending and investment.

On Interference & Predictability

According to the report’s authors, they find that stablecoin adoption “interferes with multiple monetary policy transmission channels that would potentially weaken the predictability of policy actions.”

There is also a liquidity angle. During times of market stress, digital tokens can be moved quickly. Large outflows from banks into stablecoins, or back again, could amplify swings in funding conditions. That risk has been flagged before in global debates on crypto regulation.

The paper forms part of the ECB’s broader push to keep a close watch on stablecoins, a sector whose total market value has surged to more than $300 billion after more than doubling in the last three years. Forecasts suggest that figure could climb to $2 trillion by 2028.

European officials have not called for a ban. Instead, attention has focused on oversight. The European Union’s Markets in Crypto-Assets framework is already in place, setting rules for issuers and service providers.

Featured image from Unsplash, chart from TradingView

Paraguay’s state power utility ANDE has signed a memorandum of understanding with crypto infrastructure firm Morphware, setting up a formal cooperation framework that explicitly includes exploring Bitcoin mining as a national-level opportunity tied to the country’s energy and digital infrastructure strategy. The move matters because it signals a shift from Paraguay merely hosting private miners to the state evaluating a more direct, utility-controlled model.

Morphware framed the MoU as a starting point for “analysis and development of initiatives related to digital assets, advanced processing infrastructure, and strategic energy driven technology opportunities in Paraguay,” with Bitcoin mining positioned as one candidate use case inside that broader mandate.

The company said the agreement creates an “official path” for technical evaluation and project development “under Paraguay’s legal and regulatory framework,” language that reads less like a one-off pilot announcement and more like a governmental process being put on rails.

In Morphware CEO Kenso Trabing’s telling, the economic logic is straightforward: put stranded or underutilized electricity to work, and keep the deployment inside regulated sites controlled by the utility.

“ANDE has unlocked a powerful new asset, and Morphware is here to turn that asset into a new revenue engine for Paraguay. By redeploying Bitcoin miners on regulated, utility controlled sites, we can transform unused electricity into productive compute that serves both the Bitcoin network and the global AI economy,” Trabing wrote. “This is what the future of midstream electricity looks like: grids that do not just deliver power, but own a stake in the digital infrastructure they enable.”

The reference to “midstream electricity” and “productive compute” is doing double duty. It links Bitcoin mining to a more general pitch: high-density power-to-compute infrastructure that can, in theory, flex between mining and adjacent workloads, particularly as the “AI data center” narrative continues to bleed into the public-market mining story globally.

Seized Bitcoin Miners Enter The Conversation

While Morphware’s statement did not publish deployment numbers, the MoU language about “redeploying” miners arrives amid an enforcement backdrop: Paraguay has been seizing ASIC hardware tied to alleged illegal operations. Trabing told Bitcoin Magazine that ANDE is exploring turning seized equipment into Paraguay’s first government-run Bitcoin operation in partnership with Morphware.

According to Trabing, the Paraguayan government is currently holding around 30,000 seized Bitcoin miners, many of them taken from facilities accused of electricity theft or tariff fraud.

“They’re literally stacked to the ceiling,” Trabing told Bitcoin Magazine, describing government warehouses filled with idle ASIC machines. “They have no experience mining Bitcoin. Our role is an advisory role.”

Morphware’s proposal, now formalized in the memorandum with ANDE, is to redeploy those machines at utility-controlled sites rather than leaving them idle. The initial phase would reportedly involve around 1,500 confiscated miners, installed near existing electrical substations where infrastructure already exists to handle large energy loads.

Under the structure being discussed, ANDE would retain ownership of the machines and operate the sites directly, while Morphware would provide technical guidance and training for utility staff. The company’s role, according to Trabing, is primarily operational support rather than revenue participation. “This is about regulated, utility-controlled sites,” he said. “Not people hiding in the countryside.”

At press time, BTC traded at $68,644.

After hitting an all-time high of $291 back in January 2025, Solana has begun what has been a year of steady declines. While there have been some relief bounces along the way, the main direction has been downward. At the time of writing, the price of Solana is now sitting more than 71% below its all-time high levels. Other major metrics have also seen significant declines during this time, with Open Interest and Weight Funding Rate falling to two-year lows.

Solana Open Interest And Weighted Funding Rate Reflect The Bear Trend

According to data from the Coinglass website, the Solana open interest had actually peaked long after its price hit its peak, which is usually not the case. The open interest topped out at $17.1 billion, nine months after the price hit its all-time high. However, in the five months following the open interest hitting a new high, things have changed drastically.

The website shows that Solana’s open interest has now crashed below $5 billion, sitting at $4.89 billion at the time of writing. Interestingly, the open interest has followed closely with the price decline, and the crash below $100 for the first time since January 2024 has triggered a cascade.

Since open interest measures the open contracts on an asset, it is often a signal of how much attention a coin is getting. With the open interest sitting so low, it suggests that investors are not taking as many bets on Solana as they used to. This is normal in bear markets, when investors are still fearful and wait to see the market improve before jumping back in again.

In the same vein, the weighted funding rate has taken a nosedive.  Similar to the open interest, the funding rate had hit a new all-time high back in 2025 before moving downward again, and has now hit its lowest level in more than one year.

The funding rate is essentially what traders pay to hold perpetual positions, with long traders paying short traders when the rates are positive and short traders paying long traders when the rates are negative. Simply put, the funding rate can encourage traders to open positions in different directions in favor of not paying fees.

Currently, the Solana weighted funding rate is fluctuating between positive and negative. However, it has been mostly negative with the decline in price. This means that currently, short traders are paying to keep their positions open.

Core Scientific is the latest in the line of Bitcoin miners accelerating a pivot toward AI, selling 1,900 BTC and signaling that more is coming.

Core Scientific Expects To Sell All Of Its Bitcoin Holdings In Q1 2026

Core Scientific has filed its annual report with the US Securities and Exchange Commission (SEC) and it reveals key insights about the direction that the company is taking right now.

Originally a Bitcoin mining-focused firm, Core Scientific is among the largest public miners in the world, but recently, the firm has been making a push into the AI compute business.

At the end of 2024, the company had a total computing power or “Hashrate” amounting to 20.1 exahashes per second (EH/s). The 2025 annual report suggests that this metric has dropped to 17.9 EH/s as the AI expansion has occurred.

Not just that, the report also noted that Core Scientific expects to monetize substantially all of its Bitcoin holdings during 2026, with the majority of sales occurring within the first quarter. This selling has already begun, as the firm announced in its Q4 2025 earnings call that it sold over 1,900 BTC for $175 million in January.

Before the sale, the firm held 2,537 BTC, but now, that figure has dropped to just 630 BTC. Considering the SEC filing, Core Scientific plans to eventually part with these remaining tokens as well.

So, where are the funds from the BTC sales going? Not mining, it seems. The company noted in the filing:

Aside from the miners received in 2025 and those expected from Block, we do not anticipate entering into new large-scale bitcoin mining equipment procurement agreements as we continue to shift capital allocation toward HDC infrastructure

While Core Scientific has pulled back on its Hashrate over the course of 2025, the firm remains among the top 10 public BTC miners, according to data from BitcoinMiningStock. With expansions stopping in favor of the AI pivot, though, it only remains to be seen how long the company will maintain relevance as a miner.

A push into the High-Performance Computing (HPC) business is actually something that’s being witnessed across the Bitcoin mining industry at the moment. Bitdeer, Cango, and Bitfarms, placed first, fifth, and tenth on the top 10 list, respectively, are all making a pivot to datacenters.

Bitfarms, in particular, plans to wind down its mining facilities over the course of 2026 and 2027, signaling a complete exit from the space. Ben Gagnon, the firm’s CEO, believes the pivot to be highly lucrative, explaining:

Despite being less than 1% of our total developable portfolio, we believe that the conversion of just our Washington site to GPU-as-a-Service could potentially produce more net operating income than we have ever generated with Bitcoin mining.

BTC Price

At the time of writing, Bitcoin is trading around $68,200, up more than 6% over the past week.

A new chapter has unfolded in the ongoing LIBRA cryptocurrency scandal, as fresh judicial findings suggest that the relationship between Argentine President Javier Milei and LIBRA co-creator Hayden Mark Davis may have been closer than previously acknowledged.

The controversy traces back to February 14, 2025, when President Milei publicly promoted the LIBRA token. The endorsement triggered a rapid surge in the cryptocurrency’s price, followed by a collapse that wiped out an estimated $251 million in investor funds. 

Now, according to local media reports citing court sources, computer forensics experts from Argentina’s Public Prosecutor’s Office have identified draft versions of a “confidential agreement” allegedly signed by Milei and Davis on January 30, 2025 — two weeks before LIBRA’s launch and subsequent crash. 

LIBRA Deal Amid Milei Denials

The drafts were discovered on at least one electronic device seized from Argentine lobbyist Mauricio Novelli, a central figure in the case and a close associate of the president since the end of the COVID-19 pandemic.

Federal prosecutor Eduardo Taiano ordered the seizure of Novelli’s devices as part of the investigation. Experts later reported that the draft agreement appeared in exchanges between Novelli and Davis, suggesting efforts to finalize the document before it was formally executed. 

The existence of such drafts stands in tension with Milei’s public denials. In multiple interviews following the scandal in February 2025, the president rejected claims that he had signed any agreement with Davis and sought to distance himself from the LIBRA operation. 

Further details emerged in a January 9 ruling issued by the Directorate of Technological Support for Criminal Investigations (Datip), a specialized forensic unit within the Public Prosecutor’s Office. 

According to the ruling, several copies of the draft “confidential agreement” were located during the forensic review of Novelli’s communications with Davis. The exchanges appeared to relate to preparations for the document’s eventual signing by the president.

Alleged Payment Requests Surface

The Datip report further underscored Novelli’s central role in the LIBRA affair. Investigators described him as a key intermediary connecting multiple actors. 

His communications included exchanges with President Milei and Karina Milei, as well as with Davis, Terrones Godoy, Morales, and Julian Peh, the Singaporean CEO of KIP Protocol.

However, the forensic examination was hindered by significant data deletion. Experts informed Prosecutor Taiano that numerous messages, files, and even entire conversations had been permanently erased from devices belonging to Novelli and other defendants. 

Among the missing exchanges were communications between Novelli and Cardano (ADA) founder Charles Hoskinson. After the LIBRA collapse, Hoskinson publicly accused Novelli and Terrones Godoy of demanding five-figure dollar payments in exchange for arranging a meeting with President Milei during the Tech Forum. 

According to Hoskinson, they suggested that “magical things would happen” if he agreed. He declined. Investigators were unable to recover those deleted conversations in full.

Featured image from BBC, chart from TradingView.com 

On‑chain data shows that in the days after joint US‑Israeli airstrikes on February 28, Iranian exchanges saw a sharp spike in withdrawals, with roughly 10.3 million dollars in crypto fleeing.

Iran’s Crypto Use Amidst Economical Collapse

Crypto has become a financial lifeline for both ordinary households and state‑affiliated networks in Iran, according to an article posted on our sister website NewsBTC. Years of US and EU financial and oil sanctions have strained the economy, cutting Iranian banks off from SWIFT and dollar funding, and now even targeting Iran‑linked crypto platforms through recent US Treasury designations. Add to this cocktail a runaway inflation and a collapsing rial, and it becomes clear why many Iranians increasingly look to Bitcoin and stablecoins as an alternative store of value and cross‑border payment rail.

A Lifeline Of Hope For Ordinary Folk?

Chainalysis has estimated that Iran’s crypto activity reached roughly 7.78 billion dollars in 2025, with usage spiking around protests, bombings and other security crises as people rush to move funds off local platforms and into self‑custody.

In its latest report, Chainalysis visualizes this idea with a series of charts that track hourly outflows from major Iranian exchanges before and after the February 28 airstrikes.

The graphs show relatively modest, choppy activity in the hours leading up to the strikes, followed by a sudden jump where hourly withdrawals approach or exceed roughly 2 million dollars and cumulative outflows climb to about 10.3 million dollars by March 2.

For many ordinary Iranians, Bitcoin and stablecoins now function as a hedge against currency collapse and capital controls, while addresses tied to the Islamic Revolutionary Guard Corps (IRGC) account for roughly half of on‑chain activity, highlighting crypto’s dual role as both a survival tool and a sanctions‑evasion channel.

However, it is worth noting that while some observers praise Chainalysis for helping exchanges and regulators track hacks, scams, and sanctions evasion, civil‑liberties advocates criticize its tools as opaque and potentially overreaching in terms of financial surveillance.

What This Means For The Future Of Iranians

For ordinary users, digital assets may remain a pressure valve against inflation and capital controls, even as regulators tighten the screws on Iran‑linked platforms and wallets. For policymakers, the question now is whether new rounds of enforcement will meaningfully curb sanctions evasion or imply push more of Iran’s crypto activity into harder‑to‑track channels.

What is for sure is that the the latest spike in Iranian exchange outflows comes to show, once more, how quickly crypto reacts to geopolitical shocks and sanctions risk: the market is, after all, in the hands of the people.

Cover image from ChatGPT, BTCUSDT chart from Tradingview

Bitcoin is navigating heightened uncertainty as escalating conflicts in the Middle East inject fresh volatility into global markets. Price action has become increasingly reactive to geopolitical headlines, while broader liquidity conditions remain fragile. In this environment, directional conviction has weakened, and risk appetite appears constrained.

Recent analysis from Axel Adler highlights the deterioration in Bitcoin’s risk-adjusted performance profile. The Sharpe Ratio — measured over both 365-day and 180-day rolling windows — has moved decisively into negative territory. As of March 1, 2026, the 365-day Sharpe stands at -63, while the faster 180-day version has plunged to -287. Although the metric is scaled for regime analysis rather than interpreted as a classical Sharpe value, the implication is clear: over the past six to twelve months, volatility has not been compensated by returns.

This shift began in January and accelerated through February’s price pressure. Notably, the fast Sharpe reading is approaching levels seen near the 2022 cycle low, while the slower measure remains less extreme but firmly negative. Complementing this signal, the MVRV Z-Score sits at 0.49 — below its historical mean but not at capitulation extremes.

Bitcoin MVRV Signals Neutral Valuation, Not Capitulation

The report further contextualizes Bitcoin’s positioning through the MVRV Z-Score with Standard Deviation bands. As of early March 2026, the Z-Score stands at 0.49 — below both its 365-day moving average (1.89) and historical mean (1.73), yet comfortably above the negative territory historically associated with capitulation. Structurally, this places Bitcoin in a neutral valuation regime.

The MVRV Z-Score measures the deviation between market capitalization and realized capitalization, effectively comparing spot price to the aggregate cost basis of holders. Historically, readings above +1 standard deviation (around 3.55) have signaled overheating, while negative readings — when price trades below average holder cost — have marked major accumulation zones in 2019, 2020, and 2023. The current 0.49 reading indicates neither excess profit-taking pressure nor deep undervaluation.

This distinction is critical. The absence of overheating reduces the probability of an abrupt collapse driven by profit overhang. However, neutrality does not equate to opportunity. Historically strong buy signals emerged when MVRV moved decisively negative, not merely when it cooled toward 0.5.

Combined with the negative Sharpe Ratio regime, the message converges: risk-adjusted returns are unattractive, and valuation is neutral but not historically cheap. This is a transitional phase requiring a clear catalyst to define direction.

BTC Consolidates Below Key Moving Averages as Structure Remains Fragile

On the 3-day timeframe, Bitcoin remains structurally pressured following the breakdown from the $90,000–$95,000 distribution range. The chart shows a decisive rejection near the 200-period moving average (red), which had previously acted as dynamic support throughout much of the 2024–2025 uptrend. Once lost, price accelerated lower, confirming a transition from trend continuation to corrective structure.

Currently trading near $67,000, BTC is consolidating below the 100-period (green) and 50-period (blue) moving averages. Both shorter-term averages are curling downward, reflecting deteriorating momentum. The recent rebound from the $60,000–$62,000 region appears corrective rather than impulsive, lacking strong volume expansion relative to the breakdown phase. This suggests short-covering and tactical positioning rather than broad structural accumulation.

Importantly, the $60,000 zone now represents key horizontal support. It coincides with a prior consolidation area and marks the lower boundary of the current range. A sustained loss of this level would likely expose the $52,000–$55,000 region as the next high-liquidity demand zone.

For bulls to regain structural control, price would need to reclaim and hold above the 100-period average and reestablish higher highs on expanding volume. Until then, the dominant regime remains corrective, with volatility compressing inside a fragile recovery attempt.

Featured image from ChatGPT, chart from TradingView.com 

Ethereum is navigating renewed volatility as escalating tensions in the Middle East reshape the macro landscape and weigh on digital assets. Price action has become increasingly reactive to external risk signals, with liquidity thinning during periods of heightened geopolitical uncertainty. While short-term swings dominate headlines, underlying on-chain dynamics suggest a more structural shift may be unfolding beneath the surface.

According to a recent CryptoQuant analysis, Ethereum reserves on Binance have declined to approximately 3.46 million ETH — the lowest level recorded since 2020. This contraction in exchange-held supply is not a marginal fluctuation but a multi-year structural low. Such a development carries meaningful implications for investor positioning and the evolving balance between available supply and latent demand.

Historically, declining exchange reserves indicate that investors are withdrawing assets to cold storage or long-term custody solutions. This behavior is typically associated with holding preference rather than imminent distribution. When fewer coins remain readily accessible on centralized platforms, the pool of immediately tradable supply contracts is reduced. In theory, this reduces the probability of abrupt sell-side shocks driven by excess exchange liquidity.

Ethereum Exchange Reserves Hit Six-Year Lows as Supply Tightens

The longer-term trajectory of Ethereum reserves on Binance reinforces the structural nature of this shift. From prior cycle peaks above 5 million ETH, exchange balances have trended steadily lower, interrupted only by brief countertrend rebounds that failed to establish higher highs. The pattern of successive lower highs signals persistent net outflows rather than episodic movements. At approximately 3.46 million ETH, reserves now sit at their lowest level in nearly six years, underscoring the magnitude of the contraction.

This evolution aligns with broader behavioral changes across the Ethereum ecosystem. The rise of self-custody solutions and the expansion of staking participation have structurally reduced the float available on centralized venues. Coins removed from exchanges are less likely to be deployed for immediate trading, particularly when allocated to long-term custody or yield-generating mechanisms.

The timing is notable. With ETH trading near $2,027, the market occupies a technically sensitive zone. A continued decline in reserves at this level may indicate growing conviction among holders unwilling to sell into volatility. Should incremental demand emerge while exchange supply continues to tighten, the resulting imbalance could generate upward pressure.

Ethereum Struggles Below $2,000 as Bearish Structure Remains Intact

On the 4-hour timeframe, Ethereum remains structurally weak despite attempts to stabilize near the $1,950–$2,000 zone. Price continues to trade below the 50, 100, and 200-period moving averages, all of which are sloping downward — a clear alignment that confirms short-term bearish control.

The early-February selloff established a lower high structure, and subsequent rebounds have failed to reclaim the 200-period moving average (red), currently positioned well above price near the $2,100 region. This level now acts as a decisive dynamic resistance ceiling. Meanwhile, the 100-period moving average (green) has repeatedly capped intraday recoveries, reinforcing the broader downtrend.

Support has developed around $1,900, where buyers previously stepped in following a sharp liquidation wick. However, each bounce has produced progressively weaker follow-through, suggesting demand remains reactive rather than proactive.

Volume expanded during the breakdown phases but has since tapered, indicating temporary equilibrium rather than accumulation. The compression between $1,900 and $2,000 reflects indecision under a bearish structure.

For momentum to shift meaningfully, ETH would need a sustained break above $2,050–$2,100 to challenge the descending moving averages. A loss of $1,900, however, would likely reopen downside toward the $1,800 liquidity pocket.

Featured image from ChatGPT, chart from TradingView.com 

As the world moves away from a dollar-dominated financial system, one analyst argues that XRP is not competing for the status of “digital gold,” but quietly positioning itself as a global settlement layer. He noted that this practical utility will build more value for XRP over time, especially as it gains deeper adoption among financial institutions and payment networks. 

XRP Finds Its Lane As Global Settlement Layer

Market analyst Luke Suther is making the case that XRP has been misunderstood all along, and that the real story has nothing to do with competing against Bitcoin (BTC) or gold. He laid out his vision for where XRP fits in an increasingly fragmented global financial system. His argument centers on a simple but often overlooked distinction between storing value and moving it. 

Suther pointed to the ongoing shift toward a multipolar world order, where no single nation dominates global trade and finance the way the United States (US) has for decades. In this world, he noted that gold would make a comeback, recognized once again as a top-tier collateral under Basel III banking regulations. He highlighted that the precious metal will also be prized for its hardness, neutrality, and universal trust.  

However, Suther emphasized that gold has a major limitation that most people miss. He argued that while gold can anchor a reserve system and operate as a store of value, it cannot move at internet speed. Capital in a multipolar world needs to cross borders instantly, without friction, and without running through dollar-dominated infrastructure. For this to happen, the analyst noted that a digital bridge is required. He described this digital bridge as XRP, noting that the cryptocurrency was designed to address the settlement inefficiencies that gold currently faces.

Rather than framing XRP as digital gold or as a competitor to any cryptocurrency or precious metal, Suther characterized it as a “complementary infrastructure.” He called XRP an operational extension of gold’s value, qualifying it as a high-quality liquid asset designed to bridge the reserve layer and facilitate instant real-world settlement. 

From his perspective, gold holds value; however, XRP is the vehicle that moves it. Together, he argues that they form the natural architecture of a multi-polar system no longer anchored to any single currency. 

XRP Emerges As Settlement Layer For National Security

Black Swan Capitalist Versan Aljarrah stated in a recent X post that the consequences of modern warfare stretch far beyond borders and battlefields, reaching deep into the infrastructure of global finance. He argued that when powerful nations begin weaponizing reserve currencies and cutting off access to payment systems, the countries on the receiving end begin building alternatives that route around the systems being used against them. 

According to him, cross-border liquidity that flows without political interference is no longer a matter of financial convenience but a national security priority. Countries that once relied on dollar-dominated systems are now actively seeking alternatives that no single government can shut down. In this context, Aljarrah sees the altcoin as an alternative to address these problems. It’s a system that allows capital to flow across borders without relying on a single nation’s currency or being affected by political interference.

President Donald Trump has publicly addressed the legislative impasse surrounding the CLARITY Act, the long-debated crypto market structure bill that has yet to reach his desk for final approval. 

The delay, according to ongoing discussions in Washington, stems largely from disagreements between the banking industry and crypto representatives, particularly over provisions tied to stablecoin rewards.

Trump Says Banks Threaten Stablecoin Law

In a post shared Tuesday on Truth Social, Trump sharply criticized the banking sector, accusing it of attempting to weaken both the broader crypto framework and a separate stablecoin measure he signed into law last year — the GENIUS Act. 

“The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it,” Trump wrote. He argued that passing comprehensive market structure legislation is urgent, adding, “The U.S. needs to get Market Structure done, ASAP. Americans should earn more money on their money.”

The President also claimed that financial institutions, despite reporting record profits, are working against policies designed to expand opportunities within the digital asset sector. 

Trump warned that failing to finalize the CLARITY Act could weaken America’s position in the global crypto race. “We are not going to allow them to undermine our powerful Crypto Agenda that will end up going to China, and other Countries if we don’t get The Clarity Act taken care of,” Trump stated.

Calls For Banking-Crypto Cooperation

Trump further urged the banking sector to reach constructive agreements with the crypto industry, arguing that collaboration would serve the best interests of American consumers and businesses alike. 

“This Industry cannot be taken from the People of America when it is so close to becoming truly successful,” he wrote, closing his message with a call for attention to the issue.

Legislatively, progress on the CLARITY Act has been uneven. The Senate Agriculture Committee advanced its portion of the bill in January of this year. However, broader movement has stalled. 

The Senate Banking Committee had initially scheduled a markup in January, but that session was canceled amid the same disputes between banking representatives and crypto advocates that continue to complicate negotiations. The committee is now reportedly targeting a new markup date in mid-to-late March.

Featured image from OpenArt, chart from TradingView.com

With the Ethereum price slowly demonstrating bullish traction after reclaiming the $2,000 mark, sentiment is turning positive once again. During this price action, investors are choosing to hold the leading altcoin rather than sell, which is indicated by a significant drop in crypto exchanges’ reserves.

Available Ethereum On Exchanges Hits New Lows

Following the bounce in Ethereum’s price, the supply of ETH sitting on cryptocurrency exchanges has experienced a sharp decline. According to the report, the number of the coin available on crypto exchanges has fallen to new lows, signaling a notable shift in market structure and sentiment.

As per the chart shared by Leon Waidmann, an optimist and the head of research at Lisk, the metric is currently sitting at a multi-year low. As coins continue to migrate from trading platforms into private wallets or long-term storage, the amount of liquid accessible for instant sale is gradually decreasing.

Currently, over 16 million ETH is left on cryptocurrency exchanges, falling from about 23 million ETH in 2023. Even though the price of ETH has declined sharply from a new all-time high, holders kept withdrawing their coins from platforms. This is considered a positive development for Ethereum as fewer ETH reserves on exchanges means less immediate sell pressure on the altcoin.

When reserves drop during a price crash, this is an interesting trend as it implies that holders are not panic-selling. Waidmann highlighted that these holders are deliberately moving ETH off cryptocurrency exchanges to staking contracts, cold storage, and Decentralized Finance (DeFi).

These investors are making an active choice to hold, and this is historically how supply shocks are started without a price pump. While everyone else is preoccupied with the red candles, there is a silent accumulation. The market may be scared currently, but on-chain data is telling a different story.

ETH Is Attracting A Massive Wave Of Adoption

Ethereum adoption is picking up pace at a significant rate, as evidenced by its mainnet activity. The network’s activity has spiked to unprecedented levels, with its daily transactions climbing to an all-time high despite the bear market. The milestone shows a significant rise in on-chain demand, which is fueled by increased DeFi activity, stablecoin transfers, NFT interactions, and the emergence of AI and real-world asset protocols.

Data shows that the mainnet transactions per day have surged to nearly 3 million. This is a notable number when compared to levels seen in previous cycles, especially during a bull run. Waidmann noted that the current number of daily transactions is more than the ones seen in the 2021 bull run and in the 2023 recovery.

Despite the fact that the price of ETH is down, the network is experiencing its busiest period, signaling sustained engagement beneath the surface. Record-breaking transaction counts frequently indicate increasing utility rather than being pure speculation.

Shielded Labs is urging the Zcash community to move quickly on long-term sustainability changes, arguing that the network has a near-term opening to attract patient capital and should not wait for that window to close. The pitch is not just technical. In Shielded Labs’ telling, protocol-level clarity around future security and emissions could itself become an investment signal for ZEC.

The argument surfaced in a Zcash Community Forum discussion around the proposed Network Sustainability Mechanism, or NSM, where Shielded Labs pushed back on the idea that the work lacks short-term relevance.

“We believe there’s an opportunity right now to attract long-term investors. In conversations we’ve had over the past year, investors respond positively to the fact that we’re thinking about and actively addressing long-term sustainability. Broad consensus from the community and coinholders for implementing the NSM in the next network upgrade would send a clear signal that we have a credible path forward,” the group wrote.

Zcash Could Miss Its Moment Without Fast Action

That framing matters because the current debate is not simply about whether Zcash should strengthen its future security budget, but how. In a separate governance post, Shielded Labs said recent polling showed a split between support for the overall direction of the NSM and resistance to one of its more sensitive design choices, issuance smoothing.

According to the group, “There were two separate questions: one related to the NSM and issuance smoothing, and another focused on burning 60 percent of transaction fees to support network sustainability.” It added that the issuance-smoothing question won “broad support from panels but not from coinholders,” while the fee-burning component drew broad support from both panels and coinholders.

On that basis, Shielded Labs said it sees “clear support” for the elements that remove ZEC from circulation, including ZIP 233 and ZIP 235, and intends to push those parts toward the next network upgrade.

Shielded Labs also acknowledged that resistance from coinholders is not irrational. “For some coinholders, the existing emissions schedule is viewed as a defining part of Zcash’s monetary identity, similar in principle to the 21 million supply cap. That is a rational position,” the post said, adding that the team remains open to alternative designs that preserve the halving schedule while still improving sustainability.

Still, the core message from the newer forum exchange was unmistakably urgent. Shielded Labs argued that upcoming network developments could make the timing more consequential than it appears today.

“Tachyon could increase aggregate fees in the near term by allowing a much higher rate of transactions, which makes the timing especially important. NEAR Intents integrations and additional Maya DEX activity could also increase fee demand. If several of these developments gain traction at the same time, aggregate network usage could rise meaningfully. In that scenario, it would be better to already have the NSM in place rather than trying to introduce it later.”

The broader strategic claim is that Zcash can differentiate itself by confronting a question many proof-of-work networks still treat as a future problem. Shielded Labs explicitly tied the issue to the wider debate over Bitcoin’s long-term security budget, arguing that a mechanism “explicitly defined at the protocol level” could matter for how users and investors evaluate network durability.

Whether that case is enough to win over skeptical coinholders remains unresolved, but the direction of travel is clearer: Shielded Labs wants Zcash to present sustainability not as an abstract research topic, but as part of the asset’s investment thesis now.

At press time, ZEC traded at $216.59.

A long-term Bitcoin bull is imploring investors to stay measured and strategic in the middle of brutal short-term challenges for the market.

In a detailed thread posted on X, market analyst Caleb Franzen made it clear that being bullish over the long run does not mean ignoring the realities of the current price structure. He outlined a framework built around bear market behavior, moving average breakdowns, and predefined invalidation levels.

Recognizing The Breakdown Below Key Moving Averages

Franzen pointed to Bitcoin’s breakdown below the 2-day 200 moving average cloud in November 2025, around $97,000, as the important turning point. According to him, every major Bitcoin bear market has begun with a decisive break below this level.

The chart accompanying his post shows Bitcoin’s multi-year price action alongside long-term moving average clouds. The red and blue bands illustrate how price tends to trade above these moving averages during uptrends and below them during extended downtrends. Each previous bear market phase began with a loss of the 2-day 200 MA structure, followed by prolonged weakness.

Franzen also highlighted the 200-week moving average cloud, another level that has historically acted as a bear market magnet. At the time of the breakdown, that zone sat between approximately $55,000 and $65,000. However, he noted that in 2022, Bitcoin fell about 30% below the 200-week MA cloud before finally bottoming.

Factoring that in, there are obvious scenarios where Bitcoin could drop 20% to 33% below the 200-week MA band, placing downside targets between roughly $37,000 and $44,000. Interestingly, this range aligns closely with the long-term holder realized price, currently near $41,700, another level that has always drawn price during bear phases.

Using Historical Data Without Becoming Trapped By It

Bitcoin has experienced multiple 20% to 30% pullbacks even within strong bull markets. In bear markets, those declines can persist for quarters, not just weeks or months. However, he stressed that preparing for a prolonged downturn does not mean assuming it must happen.

Despite presenting a bearish base case supported by historical metrics, Franzen was careful to make a point that history does not guarantee repetition. His approach is based on weighing probabilities, not certainties.

It would be better to be prepared for a multi-quarter decline and be pleasantly surprised by resilience than to expect a quick recovery and be caught off guard by deeper weakness. That mindset would allow investors to avoid emotional decision-making.

There is also the case of boxing oneself into a single outcome. Waiting exclusively for a $40,000 retest could prove costly if Bitcoin finds support earlier and resumes its uptrend. Interestingly, Franzen also laid out specific conditions that would shift his stance.

If the breakdown below the 2-day 200 MA cloud was the official bearish indication in November 2025, then a breakout back above that same structure would serve as a bullish signal. A reclaim of the 2-day 200 MA cloud and the 55-week moving average cloud at $99,000 is the line in the sand to turn constructive again.

As Monday drew to a close, the Solana price witnessed a bounce, bringing it closer to the $90 mark, which has ignited bullish sentiment among investors. The SOL’s price rebound coincides with a significant uptick in the network’s activity and performance, with SOL emerging as the No. 1 blockchain among all major chains.

Daily Transaction Count Puts Solana On Top

Solana’s price action and network performance appear to be moving in a similar direction, with the price briefly bouncing as network activity explodes. Once again, the network has proven its position as a leader in the blockchain sector, becoming the most go-to chain in the sector on a daily basis.

Founder and Chief Executive Officer (CEO) of Sensei Holding and Namaste Group, Solana Sensei, shared on X that the SOL network has surged ahead of competition in terms of transaction volume. The report shows that SOL tops the charts in daily on-chain transactions count across all major blockchain networks.

Fueled by its high-speed infrastructure, cheap fees, and growing activity across DeFi, NFTs, and consumer-facing applications, Solana is processing more transactions per day than its closest competitors. SOL’s dominance in this area marks a notable achievement, highlighting the network’s expanding role as a high-throughput hub for on-chain operations.

Solana Sensei highlighted that the SOL network is currently processing nearly 10 times or more transactions than other major chains, reflecting sustained user engagement and increasing ecosystem maturity. Taking a look at the chart, SOL recorded daily transactions of approximately 108.8 million, with BNB Chain coming in second position with over 13.0 million daily transfers. 

Meanwhile, leading networks like Base, TRON, Polygon, and Ethereum recorded 12.5 million, 9.9 million, 8.9 million, and 2.8 million, respectively. As developers continue to release new apps and users migrate to more affordable platforms, SOL’s transaction leadership demonstrates a wider change in where blockchain activity is concentrating in the current market cycle.

SOL DEX Volume Expands Beyond Other Chains

In another X post, Solana Sensei revealed that SOL is rapidly asserting dominance in the decentralized trading arena. According to the expert, SOL’s DEX volume has skyrocketed beyond that of competing blockchain networks. The increase in decentralized exchange activity is indicative of a larger shift in liquidity toward quicker, more affordable networks.

In the entire month of February, the SOL network dominated all major chains to secure the top spot in DEX volume. Such an increase in DEX volume indicates deeper on-chain strength, market infrastructure, and ongoing user participation rather than just transient speculation.

This notable DEX performance from SOL is starting to unfold this new month. Just  2 days into the month of March, the total Solana DEX volume has exceeded $200 billion, further reinforcing the network’s leading role in the evolving on-chain financial landscape.