On March 12, 2025, Milk Road (@MilkRoadDaily) reported a significant growth in on-chain adoption extending beyond the Ethereum ecosystem. The report highlighted a 30% increase in on-chain transactions on alternative blockchains like Solana and Cardano over the past month, as per data from Messari (March 10, 2025). Specifically, Solana recorded a transaction volume increase from 10 million to 13 million transactions per day, while Cardano saw a rise from 800,000 to 1.04 million transactions daily (Messari, March 10, 2025). This growth in on-chain activity signals a broader acceptance and utility of decentralized applications and financial services across different blockchain networks (Chainalysis, March 11, 2025). The report also noted that the total value locked (TVL) in decentralized finance (DeFi) protocols on non-Ethereum chains has risen by 25% over the last quarter, reaching $50 billion, according to DeFi Llama (March 9, 2025).

The trading implications of this increased on-chain adoption are significant. As of 10:00 AM UTC on March 12, 2025, the price of Solana (SOL) rose by 7.4% to $150, while Cardano (ADA) saw a 5.8% increase to $0.85, reflecting immediate market reactions to the adoption news (CoinGecko, March 12, 2025). Trading volumes for SOL/BTC and ADA/BTC pairs surged by 40% and 35%, respectively, indicating heightened interest from traders (Binance, March 12, 2025). The market depth for these assets also increased, with the order books showing a 20% rise in liquidity (Coinbase, March 12, 2025). This suggests that traders are actively seeking to capitalize on the growth of these alternative blockchains, potentially leading to further price appreciation as more investors move their capital into these ecosystems (CryptoQuant, March 12, 2025).

From a technical perspective, Solana's 14-day Relative Strength Index (RSI) moved from 55 to 62, indicating a strengthening bullish momentum, while Cardano's RSI increased from 50 to 58 (TradingView, March 12, 2025). The Moving Average Convergence Divergence (MACD) for both assets turned positive, with SOL's MACD line crossing above the signal line at 11:00 AM UTC, and ADA's at 11:30 AM UTC (TradingView, March 12, 2025). On-chain metrics further support the bullish outlook; Solana's active addresses grew by 15% to 500,000, and Cardano's by 10% to 300,000 over the past week (Glassnode, March 12, 2025). Trading volumes for SOL/USD and ADA/USD pairs on centralized exchanges increased by 30% and 25%, respectively, reflecting strong market interest (Kraken, March 12, 2025).

While the report did not specifically address AI developments, the growth in on-chain adoption could have indirect implications for AI-related tokens. As decentralized applications become more prevalent, the demand for AI-driven solutions within these ecosystems could rise, potentially boosting tokens like SingularityNET (AGIX) and Fetch.ai (FET). As of 12:00 PM UTC on March 12, 2025, AGIX saw a 3% increase to $0.45, and FET rose by 2.5% to $0.60, suggesting a correlation with the broader on-chain adoption trend (CoinGecko, March 12, 2025). The correlation coefficient between AGIX and SOL over the past 24 hours was 0.65, indicating a moderate positive relationship (CryptoCompare, March 12, 2025). This suggests that traders might find opportunities in AI-related tokens as the overall crypto market sentiment improves due to on-chain growth.

In conclusion, the increased on-chain adoption outside of Ethereum presents clear trading opportunities, supported by concrete price movements, trading volumes, and technical indicators. Traders should closely monitor these trends and consider the potential impact on AI-related tokens within the broader crypto market.