Solana's On-Chain DEX Trading Volume Surpasses $3.8 Billion | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Binance tightens token listing process to enhance investor protection, extending lockup periods to at least one year.
• BitMart kicks off sixth anniversary celebration with a $500,000 total prize pool. During the promotion, participants will receive a 30% discount on transaction fees for crypto purchases through Simplex.
• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)

2. Cryptocurrency Trends:

• March 16: Grayscale files an amended 19b-4 with the U.S. SEC to convert ETHE to an Ethereum spot ETF.
• March 17: Solana's on-chain DEX trading volume surpasses $3.8 billion, reaching a record high of $3.808 billion.
• Launchpad platform DAO Maker expands to Solana with 4 IDOs.
• The Opentensor Foundation posts that it will publish the Bittensor (TAO) roadmap on Thursday. The Foundation also plans to scale Bittensor beyond the root network, implement sudo governance, and adopt PoS mechanisms in 2024.
• The Arbitrum community opens a snapshot vote on the Gaming Catalyst Program proposal, with more details to be worked out if the proposal passes.
• Cosmos ecosystem Saga adds CryptoPunks and BAYC holders as airdrop targets.

3. Financing Trends:

• Carbonated, the studio behind the mobile NFT shooter MadWorld, raises $11 million in a funding round led by Korean gaming giant Com2uS, with participation from a16z.
• Castle of Blackwater, an AVAX ecosystem game, seeks $3.65 million in financing. The project is reportedly backed by a number of Web3 organizations, including Seedify, Avalanche, Beam, Merit Circle, and others.
• D2X, a derivatives exchange, raises $10 million in a Series A round led by Point72 Ventures, with participation from GSR markets, Picus Capital, TRGC, and others.
• Avalon Finance, Merlin Chain's first lending protocol, raises $1.5 million in seed round funding with participation from SNZ Capital, Matrixport, Spark Digital Capital, and others.

4. Regulatory Trends:

• India's Finance Minister: Crypto assets cannot be currencies, has raised regulatory issues with the G20.
• The Dubai International Financial Centre (DIFC) announces the enactment of new digital asset laws designed to keep the DIFC abreast of technological developments and provide legal clarity for investors and users of digital assets.
• Nigeria's SEC seeks to raise crypto exchange registration fees. The committee recommends an increase in the registration fee for crypto exchanges from $18,620 (NGN₦30 million) to $93,000 (NGN₦150 million).