Solana Ecosystem Update (Week 44)

Take a look back what happens on Solana last week

#SolanaDaily #Solana 1/ Solana Network Update

@googlecloud brings @solana data to BigQuery platform.

Specifically, Google Cloud has officially confirmed to become a validator for Solana through the BigQuery platform.

$SOL price increased strongly right after the news was released.

🌌 The Crypto-Mixing Service #TornadoCash $TORN Blacklisted by US Treasury #OFAC

A short thread to catch up on the latest happenings of the above event

👇👇 About Tornado Cash

• Tornado Cash is a protocol that makes transactions anonymous on the @ethereum network

, and it is this feature that makes Tornado Cash a “favorite” tool in “hacks” to erase traces and withdraw large amounts of money.

⚡️⚡️ BREAKING - STEPN launched $GMT Earning Plans

Read the rules for GMT Earning here 👇
stepnofficial.medium.com/stepn-launches…

#MoveToEarn @Stepnofficial @Stepnofficial ✨ Some highlights you need to know about the $GMT earning event 🧵,

#Solana #MoveToEarn

An overview of Crema Hack 👨‍💻

👉 Get the details in 🧵🧵 below

#Solana #Defi 1. Crema Finance

Crema is the first Concentrated Liquidity Protocol on Solana ecosystem, enables investors to provide liquidity while earning high returns

It was expected that around $8.7M was exploited on 2nd July

https://twitter.com/solanafm/status/1543559788897808385

IMPACT OF SABER LP TOKEN PROPOSAL ON SOLEND   
 
Lately, the proposal of the addition of the @Saber_HQ  LP token to be an asset on @solendprotocol has been executed. Check the thread below to see the impact of this addition.
 
#Solanaszn #impact $SLND $SBR @Saber_HQ @solendprotocol 1. @solendprotocol is by far the largest lend-borrow market on Solana, with over $1B of user deposits.
However, over $234M of this is in USDC or USDT ~ ¼ total deposit. If this were in Saber, it would earn both swap fees and contribute to TVL of both protocols

#Solanaszn #impact

SOLANA MONEY ATTRACTION ?

The @solana ecosystem is now experiencing a major decline in comparison with other large ecosystem. So, does Solana ecosystem still attract the money flow?
Check this thread below.

#Solanaszn #money #attraction @solana 1. Price & TVL correlation
Each time the $SOL price witnessed a major decline, the same happened with the TVL of the ecosystem. However, until now, the $SOL price is now creating the lower low since Dec 4th crash, but the TVL of the ecosystem...

#Solanaszn #money #attraction

WHAT IS WEB3 AND WHY WEB3 MATTERS?

1.The world has experienced the evolution of web from web 1.0 to web 3.0 now since the dawn of internet.
So what is actually web3.0 and why does it matter?

#Solanaszn #web3 2. Let's start with the evolution of web.
The web 1.0 start from the first of Internet in 1994 to 2004.
The characteristics of web 1.0 are Centralized, Less-Interactivity and Desktop-based.

#Solanaszn #web3

THE NEXT LARGEST LENDING AND BORROWING PROJECTS ON #SOLANA

1. The largest lending and borrowing project on Solana now is @solendprotocol . However, as history taught us, nothing lasts forever (expect BTC). Shall @ApricotFinance be able to overthrow solend?

#Solanaszn #compare @solendprotocol @ApricotFinance 2. In the overall section, the statistics of both projects showed the same/ relatively small differences between two projects, except for the TVL.
The TVL of solend outperforms the TVL of apricot up to 255%. What a differences.

#Solanaszn #compare

UNIQUE CHARACTERISTIC OF DEX IN #SOLANA

1. The Dex sector of @solana is one of the strongest sectors in the market. Let’s take a look at the unique characteristics and the impact along with it.
@RaydiumProtocol @ProjectSerum @AtrixProtocol @Saber_HQ @orca_so

#Solanaszn #unique @solana @RaydiumProtocol @ProjectSerum @AtrixProtocol @Saber_HQ @orca_so 2. Starting with @RaydiumProtocol - the largest DEX on Solana. Besides their ecosystem with staking, launchpad, and NFT, they also have many unique characteristics to stand out. Raydium is the project connected with @wormholecryptoto bring along the asset from Ethereum to Solana.

DEX COMPARISON BETWEEN #SOLANA AND #FANTOM

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

#Solanaszn #DEX #comparison DEX COMPARISON BETWEEN #SOLANA AND #FANTOM

We choose the largest DEX of the two ecosystems for comparison.
@RaydiumProtocol from Solana
@SpookySwap fromFantom

#Solanaszn #DEX #comparison

💫What happened at @solana Breakpoint 2021?

✔️@alexisohanian invests in Web3 social
✔️@brave browser integrates #Solana
✔️@RenderToken is building Metaverse on Solana
✔️@neonlabsorg brings EVM compatibility to Solana
✔️More

Details: bit.ly/2Z0XG4k
$SOL #solszn @solana @alexisohanian @brave @RenderToken @neonlabsorg Check News:

https://twitter.com/solana_daily/status/1458807980309106689?s=20

NEXT DESTINATION OF MONEY FLOW IN #SOLANA?

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.

#Solanaszn #money #next NEXT DESTINATION OF MONEY FLOW IN #SOLANA?

2. In theory, the money flow would be described: $ -> Layer 1 -> DEX -> L&B -> Yield Farming/ Staking -> Infrastructure -> Oracle -> Other trend -> $

#Solanaszn #money #next

POTENTIAL GROWTH FOR NFT LANDSCAPE OF #SOLANA

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.

#Solanaszn #NFT #potential POTENTIAL GROWTH FOR NFT LANDSCAPE OF #SOLANA

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

#Solanaszn #NFT #potential

UNDERSTAND CROSS-CHAIN BRIDGE

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

#SolanaSummer #Solanaszn UNDERSTAND CROSS-CHAIN BRIDGE

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.

#SolanaSummer #Solanaszn

TVL ON #SOLANA - CATEGORY DOMINANCE

The TVL distribution on @solana has had some major changes since the last 7D.
Let’s be with @solana_daily to look at the changes in the TVL ecosystem.

#SolanaSummer #Solanaszn @solana TVL ON #SOLANA - CATEGORY DOMINANCE

The Dex Sector has reduced its ratio, from 61% to 55% this week, whereas raito the TVL of Yield sector raised 50% last week, from 21.5% to 29%.

#SolanaSummer #Solanaszn

STABLECOIN MAP TO #SOLANA

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

#SolanaSummer #Solanaszn @Saber_HQ @Allbridge_io @solana STABLECOIN MAP TO #SOLANA

The available stable coin on @solana are USDT, USDC, and PAI of @gopartyparrot.

#SolanaSummer #Solanaszn

TVL RATIO OF PROJECTS IN #SOLANA ECOSYSTEM

The TVL ratio in the formula is defined as Total Market Cap / TVL. In most cases, it helps determine whether a project is undervalued or overvalued.

#SolanaSummer #Solanaszn TVL RATIO OF PROJECTS IN #SOLANA ECOSYSTEM

The top 5 TVL projects, their ratio and their mkt cap are
@Saber_HQ 0.02251 $69M
@RaydiumProtocol 0.49299 $756M
@SunnyAggregator 0.00916 $12M
@Solfarmio 0.03502 $25M
@ProjectSerum 0.67129 $417M

#SolanaSummer #Solanaszn