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πŸ¦ŽπŸš€ Time to skip the traffic! πŸ›£️

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

Are you not entertained, Geckos?
   

And we're back above $70K! Are we making the run to $75K this time?

  

In today's news:
 

  • Stuck on Solana πŸš“

  • Not that kind of BitBoy πŸ•Ή️

 

Read on!

24h Hot Searches Worldwide πŸ”₯

  • GALA                (+7.2%)

  • Aerodrome    (+29.2%)

  • Degen             (+24.0%)

  • Wormhole       (-5.8%)

  • Ethena             (-8.4%)

  • Brett                (+7.1%)

  • Ondo               (+0.8%)

Most Profitable Crypto Narratives

 

The memecoin narrative recorded the highest gains by far in Q1 at 1313%, followed by RWA (+286%) and AI (+222%).

 
In contrast, Layer 2 was the least profitable major narrative, with just a 40% return in Q1.

Stuck on Solana πŸš“

 

Are your transactions failing on Solana? Then you're not alone.

 

Over the past week, users on Solana have faced issues of congestion on the network, with plenty of delayed and failed transactions.

 

Although the network's congestion was largely due to the massive influx of spam transactions created by bots, users and developers had their own theories as to what had attracted more of these bots to Solana in the first place.

 

0xMert, the co-founder of Helius Labs, pointed fingers at an unnamed infrastructure provider that was abusing a bug on Solana to generate profits.

Besides that, some users believe that the spam transactions are due to the launch of a new mining token on Solana called ORE.

In fact, ORE miners are averaging close to 1M transactions and above per hour, according to a Dune dashboard by Arman Arjomandi.

More transactions typically reflect increased demand for the network's gas token hence pushing up the price, however, SOL actually fell by 3.1% from $189.78 to $183.82 today.

 

Editor's Take:

While it seems as though Solana's network performance is much worse than before, transactions are still going through, albeit with a slight delay. Users can try increasing their gas fees or changing their RPC endpoints to ones with lower latency.

 

Learn about some of the top ETH price predictions from analysts like Standard Charter, VanEck, JP morgan and more in this video!

Not that kind of BitBoy πŸ•Ή️

  

What if there was a device that combines Bitcoin, play-to-earn, and a hardware wallet into one portable console?

The Bitboy One, which is not related at all to the similarly-named crypto influencer, was just revealed by the Bitcoin gaming project Ordz Games.

Mimicking the form factor of a Nintendo Game Boy, the device will feature 32GB of internal memory, 4GB of RAM, and a battery that offers up to 6 hours of gameplay.

 

Using the Bitboy One, users will be able to play Bitcoin-based titles from Ordz and earn incentives and airdrop rewards along the way.

 

The handheld also doubles as a hardware wallet, with support for Bitcoin wallet apps such as Xverse and Unisats.

Ordz Games also added that users may potentially use the Bitboy One to participate in mining DePIN tokens simply by leaving the device idle.

CoinGecko Turns 10!

   

Celebrate CoinGecko's 10th Year Anniversary with us with weekly giveaways in April, and learn more about our anniversary partners, Zeebu, Polkadot and Pixels!

   

What is the Solana Virtual Machine (SVM), and how does it enable thousands of transactions per second?

In Other News...

 

  • New CEX. HashKey launches a global crypto exchange, after obtaining a relevant license in Bermuda.
     

  • Proposal to turn on the fee switch. Aave Chan founder March Zeller teases upcoming 'fee switch' vote for Aave stakers.
     

  • Outperforming Bitcoin. Pantera Capital posted 66% gain for crypto fund last quarter, despite selling Bitcoin.
     

  • Repaying BTC to its creditors. Genesis purchased 32K BTC to repay customers after selling GBTC shares.
     

  • Solana sale. FTX Estate sells $1.9B worth of locked up SOL for $64 per token.
     

  • Wall Street Giants are in. BlackRock revealed Citi, Citadel, Goldman Sachs, and UBS are authorized participants (AP) in its spot BTC ETF.

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