gumshoe Profile picture
Apr 27 12 tweets 4 min read Read on X
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:
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 Image
Stablecoin Transactions

A dashboard from @Visa shows that Total Stablecoin Transactions size on Solana is the largest (by far) when compared with other blockchains Image
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. Image
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 Image
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 Image
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 Image
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. Image
Payments

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.
Follow me & RT the first tweet if you want more of this content

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More from @0xGumshoe

Apr 3
$500, the bare minimum price of SOL by the end of this cycle

Here's why & how: Image
Thought Process

Solana should end this cycle with hundreds of billions of FDV or else the market is wrong

Its metrics, activity, growth, adoption and narratives all support this assumption.
Simple Maths

The thesis is simple: SOL should go at least towards ETH's Bull Market Breakout price:

ETH's Bear Market Low: $131B
ETH Bull Market Breakout: $227B

Let's go onto Price Targets:
Read 10 tweets
Apr 1
April is going to be HUGE for Solana with at least 4 airdrops

Should you be buying, selling, or holding?

JTO, PYTH and JUP followed the same pattern

Here's how you can play the next ones 🪂👇 Image
PYTH

- Down only for 46 Days, until it finally found its bottom
- Slow and steady grind up from there, with expansion after the first major liquidation
- Up 377% from bottom Image
JTO

- Down only for 26 days until it found a bottom
- Sideways, slow grind up with recent expansion
- Up 231% from bottom Image
Read 8 tweets
Feb 15
Why should Phantom and Solflare launch a token?

Here are some usecases for them to think about:
Why Utility

Wallets are a business and need revenue to be able to operate and expand

Launching a token may be an interesting way for them to create an economy around it while creating a wealth effect for users
Staking Rewards

Wallets could have their own SOL validator and have a far more competitive APY by including token emission rewards on top of the native yield
Read 7 tweets
Jan 9
95% of us make the same mistake every cycle

You always think you are gonna do everything well until the market forces you to act stupid

Build your own 2024 roadmap, here's some help 👇
Journal

The most overlooked yet the most important thing you should be doing as an investor

Journaling gives you the ability to think more, remember, track progress and go back to specific days in the past and learn from your own mistakes/victories.´
Top Signals

PNL posts, new entrants, ATHs and NFT Tattoos are not necessarily top signals.

Instead, focus more on:

- Google Trends
- Coinbase App Download Ranking
- Your own emotions
Read 10 tweets
Dec 16, 2023
NEW AIRDROP FARMING LIVE: @Parcl

Parcl Points System is now Live

Here's all you need to do and how to get a FREE points boost: Image
Parcl Points Live

Points per Day
- 3 Points / Dollar for Providing Liquidity
- 1 Point / Dollar for Trading

Simple right? Lets help you do this!
Providing Liquidity

As you can see I'm providing $3K of Liquidity and I get 3 Points per Dollar per Day.

- Go to "Provide Liquidity"
- Add USDC, Confirm Deposit
- Voilá Image
Read 7 tweets
Dec 10, 2023
The largest Solana DeFi protocol has 10X'd in the last 45 days and a lot of people still don't talk about it

Here's a deep dive on $MNDE and Marinade: Image
Introduction

@MarinadeFinance has been around for a long time and is coming out of this bear market as the leading DeFi protocol on Solana

If you have no idea how the token works or why you should invest, with this thread you should get a clearer image.
Looking Back

- Marinade has no VC backing
- Founded with $80k in grants.
- Fair launch token and airdrop to users in 2021

IMPORTANT: The Founding team will be fully vested in early 2024, which is 7.5% of the Total Supply. Image
Read 10 tweets

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