Solana season is said to be over, it can't pump more
Yet, it has solidified itself as the best chain on a lot of relevant metrics
Lets talk data:
Yet, it has solidified itself as the best chain on a lot of relevant metrics
Lets talk data:
Usage Increasing
Solana adoption has exponentially grew since late 2023, with the use of Priority Fees skyrocketing, fueled by the memecoin mania and the series of airdrops like JUP and JTO
Solana adoption has exponentially grew since late 2023, with the use of Priority Fees skyrocketing, fueled by the memecoin mania and the series of airdrops like JUP and JTO
Stablecoin Transactions
A dashboard from @Visa shows that Total Stablecoin Transactions size on Solana is the largest (by far) when compared with other blockchains
A dashboard from @Visa shows that Total Stablecoin Transactions size on Solana is the largest (by far) when compared with other blockchains
DEX Volume
Solana DEX Volume is at large multiples of what it was in the last years
Monthly Volume is now on average 18X higher than in 2023 and 2022.
Solana DEX Volume is at large multiples of what it was in the last years
Monthly Volume is now on average 18X higher than in 2023 and 2022.
Active Addresses
Solana's Monthly Active Addresses are at peak bull market levels,
Note that this is a metric that can be easily skewed due to low fees and bot activity
Solana's Monthly Active Addresses are at peak bull market levels,
Note that this is a metric that can be easily skewed due to low fees and bot activity
TVL
Total Value Locked grew from $210M to $4B since August of last year.
Interesting to note that it keeps growing even when the SOL Price is stagnant, signalling inflows of capital to DeFi protocols
TVL has also been up only in SOL terms
Total Value Locked grew from $210M to $4B since August of last year.
Interesting to note that it keeps growing even when the SOL Price is stagnant, signalling inflows of capital to DeFi protocols
TVL has also been up only in SOL terms
Memecoins
Solana has seen most of the explosive on-chain activity in this bull run, with coins like BONK, WIF, WEN, POPCAT and more seeing thousands of X worth of gains
This will not stop just because some influencers say it's over
Solana has seen most of the explosive on-chain activity in this bull run, with coins like BONK, WIF, WEN, POPCAT and more seeing thousands of X worth of gains
This will not stop just because some influencers say it's over
Airdrops
The Solana ecosystem has seen several waves of liquidity from airdrops, adding billions of $ to its users.
JTO, JUP, W, PARCL, TNSR and many more, with more to come.
The Solana ecosystem has seen several waves of liquidity from airdrops, adding billions of $ to its users.
JTO, JUP, W, PARCL, TNSR and many more, with more to come.
Payments
Solana is the payments chain and @stripe knows it.
Solana is the payments chain and @stripe knows it.
DePIN, AI, Memes, DeFi, Gaming are happening on Solana
VCs, Funds, Influencers, CT, Normies are all still largely underexposed to SOL and it shows when you have bluechip projects raising $5M vs Ethereum projects raising $50M and more easily
It can pump much more.
VCs, Funds, Influencers, CT, Normies are all still largely underexposed to SOL and it shows when you have bluechip projects raising $5M vs Ethereum projects raising $50M and more easily
It can pump much more.
Follow me & RT the first tweet if you want more of this content
Thank you!
Thank you!
https://twitter.com/0xGumshoe/status/1784240017017069849
• • •
Missing some Tweet in this thread? You can try to
force a refresh
