It's a combination of a Web3-native Software Development Kit (SDK) built on top of @Google's @Android OS and a new smartphone dubbed the “Solana Saga”.
2/ We analyzed the potential implications of the @solanamobile on:
+Adoption of Solana by developers
+Adoption of Solana by users
+Adoption of other decentralized networks
3/ 68% of global web traffic flows through mobile devices.
If the @solanamobile becomes the default mobile infrastructure for Web3, the first generation of unicorn-level, mobile-first on-chain apps will likely be built on @solana, and increased development would likely follow.
4/ The Solana Saga isn’t competitive with other Android devices for $1,000, but the SMS SDK can compete on user experience.
Initial UX improvements include native, secure private key storage, native support for Solana Pay, the decentralized app store, and more.
5/ If @solana's phone gains adoption, it will likely push forward the adoption of other decentralized protocols alongside it.
All that’s left is for the Saga to gain adoption and for these adjacent networks to capitalize on the opportunities Saga’s success could bring.
6/ If successful, the SMS will provide massive tailwinds for Solana’s adoption at the user and developer levels.
2/ You can also listen to Fredrik speak w/ @JoePompliano about the journey here 👇
We 🧡the orange GM hat!
3/ Dune Analytics blog is also a must-read!
One of our faves is "Working in Crypto Is More Fun."
It contends that interesting work is 1 ambitious 2 fun 3 fast-paced and then lays out the argument for why crypto is all of those things. dune.com/blog/work-in-c…
“What catalyst will bring money back into crypto?”
-Optimism on contagion risk, effects of liquidations are already priced in.
-General economic upturn, increase in GDP, recession measures, etc.
“Regulatory Fallout?”
-Lenders, centralized exchanges, and major centralized counter-parties put customer funds at risk
-Crypto should emerge intact over medium and long term
**note** monitorable entities (on chain lending, decentralized protocols) held up relatively well
1/ When compared to other L1s, there is one key differentiating factor that is undeniably a major driving force in @solana's ascension as a go-to chain for NFT creators and developers: The @metaplex Protocol.
2/ @metaplex consists of four smart contracts that make up the “contract ecosystem".
These smart contracts interact with one another and represent on-chain primitives that are used to carry out the various protocol features and functions.
3/ @solana devs recognized that the @metaplex NFT spec could deliver a more streamlined experience for users and creators over what was available on @ethereum.
Since the launch, nearly every NFT minted on Solana has been an NFT powered by Metaplex.
2/ @tezos (XTZ) is an L1 smart contract platform that was built modularly from inception.
It is a Liquid Proof-of-Stake (LPoS) network, which means that validators can delegate their voting rights without transferring their tokens.
3/ When tokenholders vote to pass a protocol upgrade proposal, instead of a hard fork, the network automatically upgrades itself based on the parameters passed.
These features have allowed @tezos to become an efficient and scalable network.