ON (Orochi Network) increased by 20.08% in the last 24 hours

Solana daily transactions reach 285 million, with a record high of 3300 TPS, but SOL on-chain revenue is only $620,000, and whale selling pressure is intensifying.

February 14 News, as high-throughput narratives continue to heat up, Solana is attracting market attention with its astonishing on-chain activity. Data shows that its daily transaction volume has reached approximately 285 million transactions, with peak processing capacity of about 3300 TPS, three times the combined scale of the Ethereum mainnet and all its layer 2 networks. Meanwhile, the number of active addresses has risen to about 2.6 million, giving Solana a clear advantage in DeFi matching, on-chain payments, and high-frequency applications. However, differences in transaction structures are exposing potential issues. A large number of voting transactions are included in the total, while the proportion of real user activity is not high. The network success rate remains between 40% and 50%, reflecting noise caused by bot activity and congestion. High frequency does not equal high value, and there is still a gap between usage scale and monetary conversion capability.

Ripple's former CTO confirms no issuer for XRP: NFT scam led to funds being stolen, victims unable to recover tokens

On February 14, former Ripple Chief Technology Officer and current Honorary CTO David Schwartz reiterated that XRP has no issuer, so in cases of theft or scam, no one can freeze, revoke, or recover these tokens. This statement was made in response to a recent "LP Reward Coupon" NFT scam, which resulted in a major liquidity provider’s wallet funds being transferred out and sparked widespread discussion in the community about the XRP Ledger’s recovery features. The first to disclose this was X platform user Apex589, who pointed out that a liquidity provider suffered losses after receiving suspicious NFTs. Subsequently, GTFXRP added that the affected address belongs to a venture capital firm and called for the situation to be directly reported to David Schwartz. Some users asked whether losses could be recovered through XRPL’s recovery mechanism, but Schwartz responded that only assets with an issuer can be recovered, and since XRP is a native asset with no issuer, it cannot be recovered.

Jupiter DAO plans to reduce the JUP issuance to nearly zero, with the 700 million airdrop possibly delayed

On February 14th, the important Solana ecosystem project Jupiter submitted a key proposal to its DAO, planning to reduce the net token issuance of JUP to "near zero" to alleviate market concerns about inflation and selling pressure, and to strengthen the long-term value support of the token. The plan has entered the community voting stage, and the final result will be decided by token holders. According to the proposal, the team will begin to cut down on new supply from three main sources. First, all token releases from the team reserve will be indefinitely suspended, with unreleased tokens directly absorbed by the treasury and no longer entering the secondary market. Second, the originally scheduled "Jupuary" airdrop will be postponed; approximately 700 million tokens from this round will be temporarily returned to a multi-signature wallet controlled by the community, with snapshots of eligible users still retained for future distribution. Third, tokens unlocked related to Mercurial will be accelerated in release but will be repurchased by the treasury to offset potential selling.

Dragonfly Partner: The listing team's issuance terms are better than last year, possibly due to the high demand for token projects

Odaily Planet Daily reports that Dragonfly Managing Partner Haseeb posted on the X platform stating that there is an interesting trend: compared to last year, (CEX) listing teams are offering better terms for token issuance. The number of tokens launched during the bear market is relatively small, but listing teams always need new token issuances to continuously attract users. Supply and demand determine everything.

Santiment: "Classic Capitulation Signal" Appears in the Meme Coin Market

According to Santiment's analysis, market pessimism towards Meme coins has intensified, indicating that the bottom may be near. Over the past 30 days, Meme market capitalization has decreased by 34.04%, and negative sentiment on social media has significantly surpassed positive sentiment, suggesting a potential rebound, but future market movements may be more selective.

Meme coin "surrender signal" emerges: 30-day market cap evaporated by 34%, Santiment hints at an upcoming reversal

February 14 News, the crypto sentiment platform Santiment recently pointed out that the Meme coin sector is showing "classic capitulation signals," with market pessimism rapidly accumulating, potentially foreshadowing a reversal. Santiment stated that discussions on social platforms about "the end of the Meme coin era" have significantly increased, and when a sector is collectively denied, it often marks the beginning of contrarian capital starting to position. Data shows that over the past 30 days, the overall market cap of Memecoins has decreased by 34.04%, falling to approximately $31 billion. During the same period, Bitcoin briefly approached the $60,000 mark in early February, intensifying selling pressure on high-risk assets. Among the top 100 cryptocurrencies by market cap, most meme coins performed weakly, with only a few experiencing short-term surges, including Pippin which surged over 240% in a week, while TRUMP and SHIB saw relatively limited gains, indicating that market sentiment remains cautious.