SIMD-0228 proposes to update Solana’s fixed inflation mechanism to a dynamic, market-driven model.

The Solana token launchpad just had its slowest day in six months amid a cratering memecoin market.

Market volatility persists as Bitcoin and other major cryptos swing between gains and losses before the event.

Base builders have claimed that the flashblocks update makes it 2x faster than Solana.

BTC, ETH and SOL gained between 2% and 3%, pushing the total crypto market capitalization back above $3 trillion.

Apps like Raydium, Meteora, and Orca ensured the network maintained its streak for the fifth month straight, generating 24.39% more volume than Ethereum.

Bitcoin traded as low as $78,200 overnight before recovering to $84,000.

Crypto markets reversed earlier gains after President Trump announced that trade tariffs on Canada and Mexico will start on March 4 along with additional 10% tariff on Chinese products.

In the past 24 hours, ETH, SOL and XRP are down another 5%, 6% and 2%, respectively.

Altcoins have been decimated in the past 24 hours, with ETH, SOL and XRP down 10% as the total crypto market cap dipped under $3 trillion.