Thread by @solanians_

0/What’re the next steps for @solana? A thread

In the “cool down” time like this, it’s a great chance for us to slow down and look for what the ecosystem need

This thread will share some of our views on what is lacking and what we think will trigger the next explosion on Solana

1/ Assets Issued
This infographic from @Coin98Analytics and @Saros_Finance shows us that total assets issued on Solana are still small compared to Ethereum and BSC.

2/ To find the answer to this problem, we have tried to create a pool on Solana. What’s surprised us is that right now, Solana doesn’t have a Permissionless AMM.

3/ @RaydiumProtocol has permissionless pools, but because of built on CLOB, you will need to create a market on Serum first when you want to open a pool. This process costs you about 10-15 SOL, complicate & time-consuming, especially for the 1st time users.

4/ To scale faster, we need a place where everyone can create a permissionless pool, just like Uniswap or Pancakeswap.

5/ Of course, that might lead to more scams, more rug, but It will also open the door for Devs and projects to contribute to the ecosystem in many aspects and provide users a wide variety of choices for their money.

6/ Right now, the only AMM we see that meets the criterias is @Saros_Finance. If other projects have this idea or are about to implement it. Feel free to share here, would love to share your project with the community.

7/ The shift in the money flow

This is a screenshot from @solanabeach_io that indicates tokens that have the most holders. Despite hasn’t updated some trending token like $SBR, $SUNNY, but based on this screenshot and the TVL of projects on Solana we can conclude that:

8/ - Almost all money flow into the Solana is for the stable farm from Saber and Sunny
- Others are locked to join the IDO on Solana

https://twitter.com/solanians_/status/1435812495457861633

9/ It’s great to have a juicy and safe farm with your stables, but to produce constant and long-term yield. The eco needs users to borrow and pay interests.

10/ Also, the money needs to be in motion (margin trading, options, perpetual)

> That’s why the next step in Solana might be Lending/ borrowing and Derivative

11/ The UX for @ProjectSerum
Serum provides one of the most innovative infrastructures for Solana, The unique architecture that allows for the interoperability of all projects built on it.

https://twitter.com/solanians_/status/1428297892486258689

12/ But right now, Serum and other projects will need to do more to enhance user experience
For example, when we bought ships from @staratlas marketplace, we had to settle the order on Serum, and to settle the order, we have to find the market ID of different ships

13/ Projects like @StepFinance_ help improve this experience when they allow settling directly from their dashboard. Still, the next step for Serum and Solana is to make the UX better, especially when more and more potential projects are built on Serum will release mainnet soon

14/ NFT

NFT is also a niche that attracts a lot of attention on Solana, but the problem we see right now is too many collectibles.

https://twitter.com/solanians_/status/1436282974945759251

15/ We don’t say it is not good, some collectibles are unique and amazing to see, but right now there are too many and the ecosystem needs something new.

16/ One of the potential niches we would love to see is Gaming x NFT
Games coming to Solana is mind-blowing, with the fast txs and cheap fee, Solana provides one of the best places to build quality on-chain games

Next step >> Use your NFT, not just buy it

https://twitter.com/solanians_/status/1437636061841092617

17/ The last thing that affects users heavily experience is bots on Solana. A few days ago, Solana Mainnet Beta encountered a large increase in transaction load which peaked at 400,000 TPS.

18/ This led to a network outage, and this happened likely because of bots spamming txs on the network.

19/ This is one of the major issues that affect users’ experience and affects Network security as well. So we think @solana should put this to your consideration and provide all users the better places shortly.

20/ Some of our thoughts about what are the next steps for Solana.
Find the problem and find the right solution is the keys to search for Gems. Hope every Solarians can have something after this.

Any other problems that you think Solana will need to solve?

#solanaszn