Value Discovery for Solana Ecosystem
Recently, many investors began to discover the value of projects on Solana ecosystem. SOL, the native token of Solana, surged about 60% in half a month to the ATH of 48.5$. While, in particular, Serum, a DeFi project on Solana, almost doubled its price in a single day to the price of 10.5$ at the time of pressing.
We have to ask what is Solana? How large the potentials of the projects on Solana?
Solana, a high-performance public blockchain established by former engineers from Intel, Dropbox and Qualcomm, is committed to build a blockchain network with similar performance of the Internet.
The especially-high TPS over 50000+ stands Solana out among all other public blockchains. Another reason that Solana caught intense attention recently is that @SBF_Alameda, CEO of FTX exchange, endorsed the projects.
The eco-partners on Solana at the moment include Serum, Tether, USDc, Dfuse, Kin, Torus, Chainlink, Terra, Stardust, Arweave, Pocket, Audius, etc.
Among Solana ecosystem not only the mature projects in other ecosystems like Tether, USDc, Chainlink, Terra were included, but the many original projects such as Serum, Raydium, Solstarter, etc.
Solana ecosystem projects is by no means a small number, but except for the already-matured projects in other ecosystems, Solana’s original projects are not many and clustered in infrastructure. Though many projects on Solana are not launched, no website, under fundraising process, etc, we can see Solana ecosystem prosperous is at sight. It is often the best time to discover potential investment opportunities. Here lists 3 particularly-popular projects for your reference.
Serum
Serum is a DEX, the core project in Solana ecosystem. A lot protocols have been issued based on Serum Protocol and many products are already available on Serum.
By Serum’s roadmap, we can see except Borrow/lending, AMMs, Yield products, it will also launch Margin trading/contracts projects.
From the official data, the trading volume was $200 million between Apr.2 — Apr.14, with daily volume around 16 million, which are able to be ranked the 15th of all the DEXs on Ethereum.
Raydium
Raydium is an AMM project that is able to offer liquidity for order books. That means Raydium’s users and liquidity pools can directly communicate with Serum’s orders and liquidity.
The TVL and trading volume’s not bad with the stimulation of yield mining.
Solstarter
Solstarter is the first IDO platform on Solana and its products has not been launched yet. But it seems that the project is popular among users as their twitter followers, comment and retweets under each twitter are not a small number.
The Bottom Line
The original project on Solana are not many at the moment. But with its ecosystem development, more will be born. We are glad to see more and more projects on Solana acquire fund from large investment institutions. Look forward to the prosperity of Solana ecosystem in the days to come.
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