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TL;DR It’s tough to sell this article, so let’s be honest from the start. The PI token, which saw the light of day on February 20 when it became available for trading on numerous exchanges, slumped hard after reaching a new all-time high on February 26. At the time, the peak at $3 was short-lived and the asset started to lose value painfully quickly . This culminated yesterday when it slumped to an all-time low of $0.54 (CoinGecko data), an 82% drop from the aforementioned positive record in just over a month. Such a massive decline turned even previous proponents into critics, as one claimed that the project was actually a slow rug pull. The past 24 hours have finally brought some relief to the Pi Network community as PI jumped by over 9% and now sits at $0.6. Perhaps one of the reasons behind this increase is PI’s growing popularity among certain investors, as CoinGecko informed. The token entered the top 10 cryptocurrencies in terms of the most trending coins in the period between March 29 and April 4. Thus, it surpassed the market leader Bitcoin as well as other bigger altcoins like Ethereum, Solana, Toncoin, and Ripple. Or, another possible reason for today’s price surge is a termin known as ‘dead cat bounce.’ It refers to a temporary recovery in an asset’s price after a substantial and continuous decline, caused by speculators buying in order to cover their positions. It usually doesn’t end well. But that’s just a speculation, of course.

The year 2025 begins on a contrasting note for the crypto industry. While DeFi protocols are suffering from a marked drop in their total value locked (TVL), decentralized applications, particularly those focused on artificial intelligence (AI) and social networks, are showing solid growth. What are the drivers of these opposing dynamics, and what prospects lie ahead for the ecosystem in the months to come? The DeFi sector experienced a significant drop in the first quarter of 2025, with a 27% decrease in TVL, which fell to $156 billion from $251 billion in 2024. Among the factors contributing to this decline are widespread economic uncertainty and incidents such as the hacking of Bybit . Moreover, major blockchains such as Ethereum, Solana, and Tron have recorded notable declines in their TVL, while initiatives like Berachain have seen slight success. The drop in the price of ETH, which fell by 45% during this period, has also generally impacted the DeFi sector, exacerbating the difficulties faced by these protocols. Additionally, the dApps industry has also shown signs of slowing down, with a 3% decrease in unique daily active wallets (dUAW), bringing the total to 24 million. This trend could be explained by increasing competition and the emergence of new economic models. However, certain categories, particularly AI-centric dApps, seem to be less affected by these fluctuations and continue to grow, thus reinforcing the resilience of this space. Speaking of artificial intelligence, AI and social applications are experiencing robust growth. Daily active users of these applications have increased by 29%, while social networks have grown by 10%. Artificial intelligence, far from being a mere concept, is becoming a major driver of user behavior, transforming their interaction with blockchain. As for social applications, they continue to attract significant engagement despite a volatile market environment. Could the DeFi sector see a rebound? Although the current drop is concerning, measures to stabilize TVL and stimulate engagement are possible. Meanwhile, dApps, especially those related to AI and social networks, are likely to continue growing, and their market share could further increase in the months ahead. The first quarter of 2025 has thus revealed a changing crypto sector. While DeFi is going through a difficult time and the NFT market has collapsed by 63% , AI and social applications, on the other hand, are on the rise. The future of the crypto industry will depend on the ability of players to adapt to an increasingly competitive and volatile market while fostering innovation.

Everyone is moving from Ethereum and its L2's to #Solana. The execution layer is #Solana not #Ethereum. Read for yourself.

Everyone is moving from Ethereum and its L2's to #Solana. The execution layer is #Solana not #Ethereum. Read for yourself. Base cant handle more than 100 tps. It is just Optimism forked. All L2s will hit the brick wall. Stop the fantasy. You can sequence 1m transactions but

The U.S. Securities and Exchange Commission has acknowledged the filing for a spot Solana ETF by Fidelity.