Binance, the world's largest CEX has temporarily suspended withdrawals on Solana network since 4th March. In the latest announcement Binance noted that a solution would be framed by March 9th. The recent increase in trading volume on the network is the underlying reason behind the suspension. The growing interest of retail investors coupled with the increased loads by algorithmic trading firms might be the reason for the increased network activity. Many other top centralized exchanges including Coinbase, Kraken and Bybit have also encountered certain performance issues recently.