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List of Solana public chain ecological projects

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Solana has been gaining momentum recently, and the ecology has continued to move, attracting the attention of many users.

Source: Blockchain Institute

Original title: " Solana is gradually gaining momentum, part of the ecological overview "

Solana is a high-performance public chain, founded by former engineers of Qualcomm, Intel and Dropbox at the end of 2017, Solana is committed to creating an Internet-level block chain network.

A major feature of Solana is its extremely high TPS, which can currently reach 50,000+. Solana's current ecological partners include Serum, Tether, USDc, Dfuse, Kin, Torus, Chainlink, Terra, Stardust, Arweave, Pocket, Audius and many other projects.

In the current Solana ecology, there are not only Tether, USDc, Chainlink, Terra and other mature products that have been made in other ecology, but also Serum, Raydium, Solana native products like Oxygen.

The picture below is the ecological map recently released by Solana official. From the picture, we can see that there are not few projects in the current Solana ecology, but most of them are concentrated in infrastructure In terms of application, external mature applications are mainly used, and there are still relatively few native applications based on Solana. On the whole, the current infrastructure of the Solana ecology is not perfect, but it has been able to support the normal development of the Solana ecology.

Solana has been gaining momentum recently, and the ecology has continued to move, attracting a lot of attention. This article briefly introduces some of the native products of the Solana ecosystem. Compared with mature external applications, native products in a new ecosystem often contain more opportunities, and of course there are risks.

1. Serum

Serum is a decentralized exchange, FTX exchange A DeFi protocol launched by founder Sam Bankman-Fried (SBF). Sam Bankman-Fried has a high reputation and potential in the industry, which also gives Serum its own aura. Serum is the core product in the Solana ecology. At present, many protocols have been built around the Serum protocol, most of which are closely related to SBF.

We can see that many products have been built based on the Serum protocol, and it can be seen that the ecological prototype has begun to take shape.

Serum has two product forms, order book and AMM, and has both features of order book and AMM.

From the roadmap, we can know that Serum will also launch margin and contract business.

According to the official data, the transaction volume during the period from April 2nd to April 14th was 200 million US dollars, and the single-day transaction volume was about 16 million US dollars, which can be ranked among the DEXs on Ethereum. to the top fifteen.

Second, Bonfida

Bonfida is Serum's "flagship front-end" for DEX transactions To provide a better trading experience, the services provided by Bonfida are as follows:

In addition to providing Serum-based trading functions, Bonfida also provides Serum API, strategy platform, and Serum data analysis and other functions. Bonfida is also the first front-end to provide users with data analysis on the Serum chain. From the above picture, Serum's daily transaction volume has reached 150 million U.S. dollars in the past 7 , and the daily transaction volume has exceeded 20 million U.S. dollars.

Bonfida also shows Serum and Bonfida token data.

In terms of experience, Bonfida is indeed much easier to use than Serum's original products.

Bonfida's strategy platform currently provides four or five strategies. Users can choose a strategy to deposit funds, and the platform will automatically execute the corresponding strategy. Currently, the amount of funds deposited on the platform is small, and visual inspection The number of users is small. According to official information, the platform will introduce KOL to provide users with richer strategies, and users can also create their own strategies based on the platform.

Bonfida also released the first NFT trading platform Solible, which can trade digital collections on the Solana blockchain, which feels like nothing special.

3. Raydium

Raydium is characterized by providing on-chain liquidity to the order book, which means that Raydium users and liquidity pools can Access order flow and liquidity across the Serum ecosystem and vice versa. In the future, Raydium expects to use other liquidity-providing models to take advantage of oracles and improve liquidity.

Raydium’s performance is still very good in terms of pool depth and transaction volume. Of course, the incentives for mining are indispensable.

Raydium's next move is to implement the IDO function. In addition, Raydium plans to combine several new loan agreements launched by Serum to make Raydium Able to increase the margin trading function.

Raydium roadmap is as follows:

Four, Maps.me < /h3>

Maps.me is an offline map application, it has accumulated 140 million users, and Google Play shows that Maps.me has been downloaded more than 5000 times Ten thousand.

As a map product, various peripheral services are provided in the program, such as hotel, restaurant reservations, etc., and payment through a third-party payment platform requires a higher payment Handling fees, and large exchange losses will also occur during international travel.

Maps.me recently completed $50 million in financing and issued a platform token. Currently Maps.me is developing its own multi-chain wallet and will launch a DeFi ecosystem on this offline mobile map platform. One of the tokens supported by the multi-chain wallet is USDC, which was created based on Solana and enables instant payments, especially for travelers to remote areas that lack payment infrastructure.

Maps.me will integrate DeFi revenue into the wallet, provide users with passive income, and at the same time attract existing users by providing related services, and will provide Users provide more DeFi services.

The product that provided Maps.me with DeFi services in the initial stage is Oxygen, which will be introduced next.

Fifth, Oxygen

Oxygen Protocol is a non-custodial decentralized brokerage agreement , Oxygen can help users generate liquidity, earn income, borrow short-selling assets, and obtain trading leverage for user asset portfolios.

Oxygen focused on lending business in the initial stage, and then gradually added various common businesses of investment banks. Oxygen allows users to trade directly in the fund pool , simplifying the trading process. After the lending agreement, the next phase will be the creation of an OTC volatility trading platform and structured products that developers can tailor for themselves and users. The ultimate goal is to make the main brokerage business that only exists in investment banks reproduce in DeFi, so that everyone can use this service.

Oxygen relies on Serum's price data for order execution, market data, pricing, risk management. Benefiting from the composability of DeFi, various participants on Serum can integrate and extend the functions of Oxygen.

In the initial stage, the Oxygen protocol will be imported into Maps.me, so as to obtain Maps.me users, users will be generated from the wallet embedded in Maps.me income. Maps.me users will not perceive that the wallet they are using is a DeFi wallet, so the user experience will be very smooth, and the wallet can be used just like using a traditional App wallet.

Currently, Oxygen is in its initial stage, and only the iPhone app is launched. Currently, it only provides basic functions such as deposits, transfers, and transactions.

Sixth, Solstarter

Solstarter is the first IDO platform on Solana , the product is not yet online. From the perspective of social media, Solstarter is very popular, and the number of comments on each tweet is quite a few.

Solstarter has not been officially launched yet, and no specific rules have been announced, but one of the main rules is that the more platform tokens you hold, the more IDO quota you can get Higher, which is basically the same as most IDO platforms.

VII. Orca

Orca is one of the first 12 projects funded by the Solana Foundation. It is an automatic market maker (AMM) and Aggregator platform. The Orca team has a small number of people, and the product has been officially launched, but the certificate has not yet been issued. Orca defines itself as: A human-centered, non-programmatic DEX.

Orca wants to provide a simpler, more human-friendly experience for the Solana ecosystem. Specifically, Orca optimizes some usage details.

For example, when entering a transaction on Orca, the system will check whether the following two conditions are true:

The price is within 1% of the market price on CoinGecko
The slippage is less than or equal to the limit you set (default is 1%)

< p>If the above conditions are met, you can trade with confidence. But as long as one of the conditions is not satisfied, the system will pop up a prompt of "interest rate warning" or "slippage warning", as follows:

< /p>

Another example is why Orca added a "Tokens" panel to the interface. Through it, the balance of all tokens listed on Orca can be seen, and its value is updated in real time based on transactions made or liquidity provided.

8. Summary

There are not many native applications on Solana at present, but With the development of the ecology, we will see more and more native applications appear.

Recently, we can often see projects in the Solana ecology complete financing, and projects outside the ecology announce deployment based on Solana, which also shows that the Solana ecology is growing.

Looking forward to the emergence of a more colorful Solana ecology, after all, the vigorous development of any ecology is only good for the industry.