Gate News Report, March 11: According to Blockworks data, Solana has surpassed all L1 and L2 blockchains in network revenue for the second consecutive month.

Gate News Report, on March 11, the stock of AI large model company MiniMax closed up more than 22% on March 10, with a total market capitalization of HKD 382.64 billion, surpassing Baidu's HKD 332.22 billion. MiniMax founder and CEO Yan Junjie previously interned at Baidu and received the second Baidu Scholarship.

Gate News Report, on March 10th, February's non-farm payroll data showed weaker-than-expected employment performance, forming a stark contrast to the market's general expectation of resilience. However, the market's rate cut expectations have not significantly adjusted as a result. The interest rate market data indicates that the next rate cut is still highly likely to occur in the second half of the year. This week, both CPI and PCE data will be released successively. Against the backdrop of the Federal Reserve's decision next week, whether inflation data can signal a cooling trend and resonate with employment figures will be the market's focus. Analysts believe that the rebound in energy prices may hinder inflation cooling, making it difficult for the data to shake the Fed's wait-and-see stance.

DeFi lending protocol Compound Finance recently experienced a security incident, with users reporting that its official website was redirected to a phishing page. Attackers used domain spoofing to carry out the attack. Although no funds were lost, this is the second similar incident Compound has faced in the past two years. Security experts stated that the automation of phishing tools increases the risk of attacks. The ongoing issues facing Compound are undermining market confidence, and front-end security and governance transparency are becoming key factors for its long-term development.

Deutsche Bank's Head of Research Jim Reid pointed out that the current global energy market trend is similar to that before the second oil crisis in the 1970s, especially in the 4-5 years following the inflation surge. However, the key difference between the two is that the high inflation expectations in the 1970s led central banks to adopt aggressive monetary tightening, whereas today's long-term inflation expectations remain stable.

Sharplink released its 2025 financial report, showing its Ethereum holdings increased to 868,699 tokens, making it the second-largest publicly traded company globally in ETH holdings. It also holds $28.5 million in cash and $1.9 million in USDC, with plans to continue increasing its ETH holdings.

Sharplink released its 2025 financial report, showing an Ethereum holding of 868,699 tokens, making it the second-largest publicly listed holder worldwide. The company's total cash and USDC amount to $30.4 million, and it plans to continue increasing its ETH holdings and expand its staking business.

According to DefiLlama data, during the weekend of March 9th, trading activity on mainstream perpetual contract decentralized exchanges was relatively low. Hyperliquid still ranked first in trading volume, with approximately $4.57 billion in 24-hour trading volume. Although trading volume and open interest on major exchanges saw little change, TVL experienced a slight increase. EdgeX and Aster ranked second and third, respectively.