Mega-thread on projects in the Solana ecosystem π
Solana is gaining momentum with developments like the Firedancer upgrade, growing institutional adoption, state compression tech, isolated fee markets, protocols launching tokens, and many more.
Let's dive in, manlets.
Solana is gaining momentum with developments like the Firedancer upgrade, growing institutional adoption, state compression tech, isolated fee markets, protocols launching tokens, and many more.
Let's dive in, manlets.
// - Liquid Staking -
@MarinadeFinance (MNDE)
β’ Marinade Native allows users to seamlessly delegate stake authority while maintaining withdrawal rights.
β’ MNDE = gov token; fair launch
@MarinadeFinance (MNDE)
β’ Marinade Native allows users to seamlessly delegate stake authority while maintaining withdrawal rights.
β’ MNDE = gov token; fair launch
@jito_labs (JitoSOL)
β’ Jito is Solanaβs first staking product that includes MEV rewards. Users can stake SOL in exchange for the LSD token JitoSOL.
β’ Jito stakes with validators that run software designed to improve network performance.
β’ Jitoβs TVL has shot up to $280M+
β’ Jito is Solanaβs first staking product that includes MEV rewards. Users can stake SOL in exchange for the LSD token JitoSOL.
β’ Jito stakes with validators that run software designed to improve network performance.
β’ Jitoβs TVL has shot up to $280M+
Other Liquid-Staking Protocols:
@solblaze_org (BLZE); stake SOL and receive bSOL
@marginfi (LST); "the highest natural yield available from any LST on Solana"
@solblaze_org (BLZE); stake SOL and receive bSOL
@marginfi (LST); "the highest natural yield available from any LST on Solana"
// - DEXes -
@orca_so
β’ AMM DEX
β’ Developed a CLMM system called Whirlpools; most of the liquidity in the ecosystem has flowed to Orca
@RaydiumProtocol
β’ One of the OG DEXes on Solana
@orca_so
β’ AMM DEX
β’ Developed a CLMM system called Whirlpools; most of the liquidity in the ecosystem has flowed to Orca
@RaydiumProtocol
β’ One of the OG DEXes on Solana
@JupiterExchange
β’ Jupiter has amassed 950k unique users, $35B in volume, 100k MAU
β’ DEX aggregator
β’ Announced derivs platform during Breakpoint
β’ After $JUP, $SUSD was also announced as the leverage stake SOL stablecoin
β’
β’ Jupiter has amassed 950k unique users, $35B in volume, 100k MAU
β’ DEX aggregator
β’ Announced derivs platform during Breakpoint
β’ After $JUP, $SUSD was also announced as the leverage stake SOL stablecoin
β’
// - AI -
@nosana_ci
β’ Building a decentralized network of GPUs
β’ Focused on AI inference
β’ $23M marketcap vs. RNDRs at $600M
@rendernetwork
β’ AI x DePIN narrative
β’ Moved from Polygon to Solana
β’ Users can contribute unused GPU power w/ the process of rendering
@nosana_ci
β’ Building a decentralized network of GPUs
β’ Focused on AI inference
β’ $23M marketcap vs. RNDRs at $600M
@rendernetwork
β’ AI x DePIN narrative
β’ Moved from Polygon to Solana
β’ Users can contribute unused GPU power w/ the process of rendering
// - Derivatives / Perps -
@DriftProtocol
β’ Drift is the leading perps exchange on Solana, netting 1.66b in cumulative volume, with a growing TVL of $32.6M.
β’ Users can stake into the Insurance Fund to secure the network while earning liquidation fees as an APR
@DriftProtocol
β’ Drift is the leading perps exchange on Solana, netting 1.66b in cumulative volume, with a growing TVL of $32.6M.
β’ Users can stake into the Insurance Fund to secure the network while earning liquidation fees as an APR
@ZetaMarkets; Perps exchange; has an ongoing points system called Z-Score in anticipation for token launch
@PhoenixTrade; order-book exchange; developed by @ellipsis_labs (raised $3.5M)
@PhoenixTrade; order-book exchange; developed by @ellipsis_labs (raised $3.5M)
// - Lending/ Money-Market -
@MeteoraAG; Liquidity layer on Solana; yield-aggregator for lending protocols
@marginfi; 2nd largest lending protocol on Solana; $100M TVL; spearheaded point system on Solana DeFi; Raised $3M; No token
@MeteoraAG; Liquidity layer on Solana; yield-aggregator for lending protocols
@marginfi; 2nd largest lending protocol on Solana; $100M TVL; spearheaded point system on Solana DeFi; Raised $3M; No token
@solendprotocol; Users can earn interest and borrow 60 assets across. 20 pools
@Kamino_Finance; Kamino Lend, Kamino 2.0 are in private beta
@Kamino_Finance; Kamino Lend, Kamino 2.0 are in private beta
// - Gaming -
@AuroryProject (AURY); web3 gaming studio; high-runway; raised $100m in 2022
@photofinishgame (CROWN); horse-betting platform; trade/race/stake horses
@AuroryProject (AURY); web3 gaming studio; high-runway; raised $100m in 2022
@photofinishgame (CROWN); horse-betting platform; trade/race/stake horses
// - Data-Storage -
@GenesysGo (SHDW); Filecoin of Solana; Token almost fully vested; Burn mechanism will be implemented
@GenesysGo (SHDW); Filecoin of Solana; Token almost fully vested; Burn mechanism will be implemented
// - Telegram Bots -
@FluxBeamDEX (Fluxb); Unibot of Solana; Revenue-sharing is live; Bot is usable
@FluxBeamDEX (Fluxb); Unibot of Solana; Revenue-sharing is live; Bot is usable
// - Multisig -
@SquadsProtocol
β’ Squads is built on top of Squads Protocol as the leading multisig on Solana
β’ One key use case for Squads is program management, in which Squads helps Solana protocols like Helium, Raydium, Jupiter, Marginfi, update their programs seamlessly.
@SquadsProtocol
β’ Squads is built on top of Squads Protocol as the leading multisig on Solana
β’ One key use case for Squads is program management, in which Squads helps Solana protocols like Helium, Raydium, Jupiter, Marginfi, update their programs seamlessly.
// - NFT Marketplaces -
@tensor_hq
@MagicEden
Tensor NFT has launched its compressed NFT marketplace and has taken most of the NFT market share on Solana.
Tensor and Magic Eden make up almost 90% of the entire Solana NFT trading volume.
@tensor_hq
@MagicEden
Tensor NFT has launched its compressed NFT marketplace and has taken most of the NFT market share on Solana.
Tensor and Magic Eden make up almost 90% of the entire Solana NFT trading volume.
// - RWAs -
@Credix_finance; Credit system for instis; Raised 11.25M from ParaFi, Circle Ventures, etc.
@Parcl; Real estate trading protocol (trade real estate prices w/ leverage); Raised 4M from Coinbase Ventures, Solana Ventures, etc.
@Credix_finance; Credit system for instis; Raised 11.25M from ParaFi, Circle Ventures, etc.
@Parcl; Real estate trading protocol (trade real estate prices w/ leverage); Raised 4M from Coinbase Ventures, Solana Ventures, etc.
// - DePIN -
@helium; Decentralized wireless network that powers hotspots in 170+ countries; mints hotspot as NFTs using Solana's state compression tech
@Hivemapper; Decentralized mapping network
@rendernetwork; GPU x AI; focused on rendering motion graphics and visuals
@helium; Decentralized wireless network that powers hotspots in 170+ countries; mints hotspot as NFTs using Solana's state compression tech
@Hivemapper; Decentralized mapping network
@rendernetwork; GPU x AI; focused on rendering motion graphics and visuals
// - Data/ On-chain -
@solanafm
@solanafm
More protocols to research here:
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