# Solana Gets Slammed

*Author: Bankless*
*Published: Apr 5, 2024*
*Source: https://www.bankless.com/fr/read/solana-gets-slammed-1*

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   Solana Gets Slammed
  

  
  Published on Apr 5, 2024

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  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Kraken**](https://www.bankless.com/sponsor/kraken-1682978636?ref=are-layer-3s-the-future&email=true) — Sign up for an account and see what crypto can be. 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
  TradFi Firms Want BTC
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/Group-14--72-.png)](https://www.bankless.com/dashboard)- 📈 **TradFi buys into BTC ETFs. **A regulatory [filing revealed](https://x.com/EricBalchunas/status/1776229982559223971) that Citi, Citadel, Goldman Sachs, and UBS have all been "authorized participants" in BlackRock's spot BTC ETF.
- 🧑‍⚖️ **Jury finds Do Kwon liable. **The jury in the SEC case against Do Kwon has found the Terraform Labs founder liable for fraud and misleading investors, [reports say](https://www.theblock.co/post/286557/terraform-co-founder-do-kwon-found-liable-for-fraud-reports). 
- 🪐** Galaxy bought FTX SOL. **Galaxy Trading purchased millions in locked SOL tokens from the FTX estate, [buying $620 million worth of the tokens](https://x.com/Techmeme/status/1776248822202818905) at $64 each. SOL is currently trading at $176.

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    Solana Gets Slammed
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/image---2024-04-05T150059.789.png)](https://www.bankless.com/solana-gets-slammed)**📊 Transaction Turmoil.** Solana’s staunchest defenders have long maintained failed transactions only afflict bots, but the chain has become practically unusable for regular users in recent days! *Why can’t you land transactions on Solana, and how does the chain improve from here?*

[Read More Free on Bankless.com](https://www.bankless.com/solana-gets-slammed)

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    ANALYSIS

  
  
    
   
Are Layer 3s the Future?
  
  
   
     
     Bankless Author: 
     
      [
       
       David C.](https://twitter.com/davewardonline)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/image---2024-04-05T150110.408.png)](https://www.bankless.com/are-layer-3s-the-future)In the aftermath of Ethereum's *Dencun* upgrade, with fees down on most L2s, **everyone is thinking about what comes next**.

The scaling conversation has now rapidly shifted towards the potential next step — Layer 3s. L3s, which have also been called appchains, offer environments tailored to specific communities and use cases, such as enterprise blockchain applications or gaming.

*What problems do L3s solve? Let's dig in* 👇

[Read on Bankless.com](https://www.bankless.com/are-layer-3s-the-future)
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