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MiL.k to migrate mainnet from Luniverse to Arbitrum in April Blockchain-based rewards platform MiL.k announced on X its plan to migrate its mainnet from Luniverse to Arbitrum, an Ethereum layer-2 network, in April.

Solana remains a key player in the blockchain space, known for its high-speed transactions and low fees. Its expanding ecosystem, with strong growth in DeFi, NFTs, and Web3 applications, continues to drive demand. The upcoming Firedancer upgrade is expected to boost scalability and network efficiency, making Solana even more competitive. $SOL has shown strong price action, maintaining critical support levels despite market fluctuations. If bullish momentum continues, analysts see potential for a breakout toward new highs. However, regulatory concerns, competition from Ethereum and Layer 2 solutions, and network stability remain challenges to watch. Long-term growth depends on Solana’s ability to sustain its technological edge and adoption rate. With increasing institutional interest and a thriving developer community, $SOL could see significant appreciation, solidifying its place as a leading blockchain network.

QuickNode launches $65M layer-2 accelerator Web3 infrastructure provider QuickNode is launching RollOut, a $65 million accelerator for layer-2 projects, backed by Google, Coinbase Ventures and Dragonfly. Announced at ETHDenver, the eight-week program starts in March, offering funding, mentorship and resources to drive blockchain scalability, The Block has reported.

Cardano (ADA) is showing significant signs of reclaiming the psychological price of $1 if it follows in the footsteps of BNB. Renowned market analyst Ali Martinez acknowledged, “If BNB is front-running the market, we should expect a similar price action for Cardano.” Source: Ali Martinez Therefore, if this analysis is successful, ADA will return to the $1 price level. With its uniqueness tied to its proof-of-stake (PoS) consensus mechanism called Ouroboros, Cardano verifies transactions by splitting them into smaller epoch chains, making the network infinitely scalable. As a result, Cardano has become one of the sought-after blockchains in terms of development. Is Cardano’s Parabolic Rally on the Horizon? According to Martinez, Cardano might be experiencing the calm before the storm since, based on historical data, the ninth-largest cryptocurrency has all it takes to surge to the $15 zone. The analyst pointed out, “Looking back at history, Cardano seems to be repeating the same pattern from 2020 to 2021 at a slower pace, which could soon lead to a parabolic rally.” Source: Ali Martinez Martinez added that if ADA is able to sustain a close above $0.73, then the altcoin is in for an upswing. At the time of writing, Cardano was hovering around the $0.782 zone, according to CoinGecko data. Meanwhile, Cardano founder Charles Hoskinson recently suggested using the network as an audit layer for the U.S. Treasury’s $7 trillion budget.

Solana $SOL price unlikely to bounce back quickly Solana's native token, SOL , dropped to $131.90 on Feb. 25, marking its lowest point in five months. The unexpected correction triggered more than $129 million in leveraged long SOL futures positions. Despite briefly recovering to the $140 level, SOL is down 17% since Feb. 22, while the broader altcoin market has declined by 10%. Several factors, including reduced onchain activity, derivatives metrics, and equivalent inflation, suggest that SOL may continue to underperform in the short term. Decentralized exchange (DEX) volumes on the Solana network have dropped by 30% over the past seven days, reaching their lowest level since October 2024. Meteora was the worst performer, down 48% compared to the previous week, followed by Raydium with a 28% decline in activity. The Pump.fun memecoin launchpad also saw a 35% drop in onchain volume. In contrast, DEX volumes on Ethereum increased by 40% week-over-week, according to DefiLlama data. Pendle experienced a 76% rise in onchain volumes during the same period. The recently launched Hyperliquid chain, focused on perpetual futures trading, recorded a 25% volume increase. Similarly, volumes on SUI, a layer-1 blockchain focused on scalability, rose by 15%. Meanwhile, DEX activity on the Bina Chain dropped by 40% compared to the previous week. SOL correction was not driven by memecoin decline Some analysts attribute SOL's negative performance to the burst of the memecoin launch bubble. However, the decline in activity on Solana's decentralized applications (DApps) also affected areas like liquid staking, yield strategies, gambling, NFT lending, and Web3 infrastructure. Notable examples include Jito, which saw a 49% drop in unique active addresses, while Fragmetic saw 30% fewer users, and Save was down by 28%. The scalability of the Solana network relies on economic incentives for its validators, as the cost of running a validator can exceed $72,000 per year, according to the JPOOL liquid staking calculator. In addition to server expenses, there is a “voting cost” of approximately 1 SOL per day, which significantly impacts profitability, even when factoring in maximal extractable value (MEV). Currently, SOL native staking offers a 9.5% yield, according to StakingRewards. However, when adjusted for equivalent inflation, the net gains are much lower. Over 16.1 million SOL tokens are set to be unlocked between February and May 2024, representing a 10% annualized inflation rate. This effectively creates a negative return for SOL staking during this period. Derivatives demand slumps as spot Solana ETF odds waver Demand for leveraged long positions (buy) on SOL futures has dropped to its lowest levels in over 12 months, according to derivatives markets data. Monthly futures contracts generally trade at a 5% to 10% premium compared to spot markets to account for the longer settlement period. However, SOL futures entered backwardation on Feb. 24, indicating that demand for short positions (sell) has significantly increased. The total open interest on SOL futures fell by 8.5%, dropping from 31.6 million SOL on Feb. 24 to 28.9 million SOL on Feb. 25, according to CoinGlass data. This shift may reflect traders’ reduced expectations for the imminent approval of a spot Solana exchange-traded fund (ETF) in the United States. SOL is likely to take longer to regain bullish momentum due to the decline in onchain activity, inflationary pressure, weak demand for leveraged long positions,