The NFT landscape is one of the most growing sectors of Solana in comparison to the crypto market. Let’s be with @solana_daily to see the potential growth of it.
With nearly $1B market cap, and $34M trading volume per day, this sector contains a huge potential in the future. However, until now, collectibles on Solana only have several use case
The collectibles are now mostly for personal owning or even being traded in the marketplace. Some projects expand on its use case. Such as Orca: The users are able to stake Orca collectibles for rewards.
But, I believe the future of the NFT landscape of Solana has not just stopped there. Solana has had enough resources for a break-through, all combined together to serve the future of Solana NFT.
Besides, @AllArtProtocol has just announced having funds in metaverse development. What a new way!
Or projects can develop some new suggestions to encourage its users.
Projects can create the milestone..
..for NFT collections for rewards, therefore pushing the activities of the marketplace.
Or they can learn from Orca to create staking for its own collectibles, or even reward users with airdrop for holding their NFT.
With those developments, I believe the NFT landscape on Solana would be the largest in the market. And at that time, a $10B market cap is not way too hard for our ecosystem.
This week, we have checked out the comparison between Solana and one of the most-growing ecosystems - Fantom. Today, let’s dive more in the DEX sector of the ecosystem
As can be seen from the table, all metrics that we put in comparison all showed dominance of Raydium to SpookySwap. Which partly showed the scale of DEX in Solana ecosystem to the DEX in Fantom ecosystem.
1. Each sector of Solana has been filled up with money lately. And you guys want to have an overview of the next destination of money in Solana. Let’s check this thread.
Currently, there are numerous bridges, which are constructed to connect Solana to other blockchains. But do we truly understand what bridges are?
Let's take a look with @solana_daily to understand the mechanism of bridges
Each blockchains can be considered as an independent nation, and cross-chain bridges serve as a tool for more convenience in trading goods between these nations.
The more the crypto market evolves, the more prosperous the market becomes. With the help of bridges, blockchains can connect together to serve the mutual benefit of the market.
This phenomenon is contributed by the comeback of @SunnyAggregator. Sunny alone took up $2.36B TVL of the Sector, raising the TVL of Yield to the total of $3B.
Lately, @Saber_HQ and @Allbridge_io have together connected @solana to many other blockchains for the flow of the stable coin. Until now, numerous stable coin appeared on Solana, mostly through the pool on Saber