Solana Ecosystem
Solana is a high-performance blockchain platform that's designed to achieve scalability, security, and decentralization. It uses a unique consensus mechanism called Proof-of-History (PoH) combined with Proof-of-Stake (PoS) to ensure fast and secure transactions. This page provides an overview of the Solana ecosystem, including project names, descriptions, and interest levels as calculated by the CryptoTotem algorithm. Learn more ↓
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| Projects | Description | Interest lvl | ||
|---|---|---|---|---|
Jupiter is the key liquidity aggregator for Solana, offering the widest range of tokens and best route discovery between any token pair. | ||||
Pyth Network is a next-generation price oracle solution that aims to make valuable financial market data available on-chain for projects and protocols, as well ... | ||||
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solution ... | ||||
The Graph is an indexing protocol for querying networks like Ethereum and IPFS. Anyone can build and publish open APIs, called subgraphs, making blockchain data ... | ||||
Building the decentralized sports betting protocol. | ||||
Backpack is a cryptocurrency exchange and multi-chain wallet designed to redefine how users interact with digital assets. It offers a unique self-custody soluti ... | ||||
Powered by Solana Virtual Machine (SVM), Zeus Network empowers Zeus Layer (nodes) to ensure robust security and seamless data exchange. This initiative clears t ... | ||||
Magic Eden is the largest NFT marketplace on the Solana blockchain. It allows traders to buy, sell, mint and manage tokens, and it includes a thriving secondary ... | ||||
Solana as the internet layer provides how data, trust, and money travel. Solayer leverages its economic security and premium execution as the decentralized clou ... | ||||
io.net is revolutionizing ML applications on the Solana Blockchain by creating the world's largest GPU colony, aggregating 1 million GPUs. It harnesses underuti ... | ||||
Neon Labs is an Ethereum virtual machine on Solana that enables dApp developers to use Ethereum tooling to scale and get access to liquidity on Solana. | ||||
Jambo is onboarding the next billion users onto web3 by building the superapp of Africa that will educate, bank, and entertain the continent. The Jambo team is ... | ||||
Chillchat is a pixel art NFT metaverse, a vast collection of virtual worlds, made entirely by its players, where you can jump into adventure with a new identity ... | ||||
StepN is a move2earn NFT Game-Fi project on mobile devices that aims to help millions of runners to adapt Web 3.0 and at the same time, slow down global warming ... | ||||
Genopets is a Free-to-Play, Move-to-Earn NFT mobile game on Solana that makes it fun and rewarding to live an active lifestyle. Earn crypto for taking action in ... | ||||
Solrise Finance is a decentralized, trustless, and non-custodial asset management platform built on Solana. Solrise allows anyone to start or invest in a fund w ... | ||||
Hubble is a fee-sharing decentralized finance (DeFi) protocol built on Solana that will offer multiple DeFi services as the protocol and DeFi continue to mature ... | ||||
The Nosana Network will be the leading provider of decentralized CPU-based Dev(Ops) solutions, revolutionizing the development process of Metaverse projects. | ||||
The CompendiumFi platform is built for traders using the FTX and Serum ecosystems. We offer a long list of products and strategies to help make crypto trading e ... | ||||
RACEFI is a play-to-earn car racing game where players and participants own parts of the game. Players can earn by playing the game or by simply owning parts of ... | ||||
CoreStarter is a cross-chain fundraising decentralized launchpad with a high-yield staking system and NFT Marketplace based on Solana, Polkadot, Ethereum, Binan ... | ||||
Fragmetric is a liquid restaking protocol on the Solana blockchain, aimed at improving security and enhancing the economic utility of the Solana ecosystem.< ... | ||||
PAWS is a project online social activity into rewards. Beginning its journey in Telegram mini-app ecosystem but expanding to Solana and beyond, PAWS algorithms ... | ||||
Jasper Vault is a peer-to-peer interoperable options protocol built for both new and experienced option traders. | ||||
Bless is a decentralized edge compute network that delivers on-demand CPU and GPU resources close to end users, facilitating access to AI, machine learning, adv ... | ||||
iAgent enables world gamers to train their own AI agents from gameplay footage, powered by a decentralized GPU infrastructure network, thereby creating a new on ... | ||||
Gasp offers native cross-chain swaps without resorting to traditional bridges through the power of escape hatches which guarantee the withdrawal of user funds a ... | ||||
Hivello, led by distinguished blockchain payment solution pioneers, is dedicated to transforming the accessibility of decentralized services globally. As a lead ... | ||||
Designed to make AI Agent token creation easy. Customize your agent, harness the power of AI. | ||||
Memecoin infrastructure on Solana with the first-ever fully Gamified Token Launch Platform, and farming app on Telegram. | ||||
Pipe Network is a decentralized Content Delivery Network (CDN) built on Solana's blockchain. It allows permissionless contributors to deploy Points of Presence ... | ||||
Sonic is a gaming chain built on Solana, featuring the innovative HyperGrid expansion architecture. HyperGrid aids game developers in efficiently processing and ... | ||||
Subsquid is a decentralized data lake protocol that serves as the core of Web3's new tech stack. This is the fastest, easiest, and by far the cheapest way for d ... | ||||
Skate is an infrastructure layer that connects all major VMs, making cross-chain interactions seamless. Skate enables users to interact with applications from a ... | ||||
Project Eluüne: StarGarden is a AAA Free-to-Play and Play-to-Own social game. A team-based, auto-chess battler with RPG mechanics. Strategize & battle with ... | ||||
Cashmere, a company that offers enterprise wallet management for users of the Solana blockchain. Send, receive, and grow your digital assets directly from your ... | ||||
Guild Saga is a play-to-earn, NFT-based fantasy RPG built on the Solana blockchain. | ||||
SolStreet.finance is a non-custodial asset management protocol built on Solana. The protocol allows anyone to be an asset manager, with tools to launch and mana ... | ||||
SolanaPrime is the first VC DAO and launchpad for the next generation of GameFi and DeFi projects on the Solana ecosystem. | ||||
Eizper Chain gameplay contains synergy between adventure and arena battle. In adventure part players roam the fast world of Eizper guided enticing epic story fu ... | ||||
Hawksight is backed by Solana Ventures and Terraform Labs to make DeFi accessible to Everyone with Automated Investments & Yield Farming. Our Yield-generati ... | ||||
GIGCO connects Artists with Venues and all of us with live music. Generating work for musicians and revenue for establishments. Arrange gigs within seconds!
... | ||||
The future of Solana DEX and Trading Bot. Trade with secure, simple & fast. | ||||
Tioncore fuse AI meme culture, and GameFi on Solana for fast secure, and rewarding gameplay. Explore staking, NFTs, and epic Play2Earn events—all backed by a ... | ||||
NAEST is an innovative player in the transportation and mobility sector, dedicated to transforming transportation and travel through an integrated technological ... | ||||
Solsaki is a Solana-based meme coin, combining humor and innovation. Featuring animated project synchronization, it offers seamless transactions, community-driv ... | ||||
White Basics is a next-generation memecoin platform built on Solana, empowering users to create, launch, and interact with community-driven tokens through gamif ... | ||||
The All-in-One AI-Powered No-Code Launchpad PepeX is the first-ever AI-powered no-code launchpad for meme coins. With just a prompt, deploy your token without a ... | ||||
Texeract Network was a Layer 1 blockchain network that focused on eliminating gas fees and securing transactions using a built-in Layer 2 network solution. Leve ... | ||||
Hometoken is an innovative project that democratizes real estate investment using blockchain technology. Investors who lock 1M HOME tokens get a chance to win a ... | ||||
What is Solana network
Solana is an open-source blockchain platform intended to increase the speed, scalability and security of transactions.
The first mention of Solana was seen in a publication by ex-employee of Qualcomm & Dropbox, Anatoly Yakovenko. This document described the concept of Proof-of-History (PoH) blockchain synchronization. A little later, in 2018, the development of Solana network prototype began and in 2019, during the initial ICO, the team managed to raise 20 million dollars. In 2020 the Solana mainnet was launched.
Fun fact. At the beginning of its road, the project was named Loom, but at the same time the Loom Network project of the same name was already developing on the market. To avoid confusion, the SOL team renamed their project to Solana.
Solana gained huge popularity in the DeFi segment. In 2023, according to some analysts, the number of active users in SOL reached 15.6 million.
Investors & partners
- a16z (Andreessen Horowitz)
- Jump Crypto
- Jump Trading
- Reciprocal Ventures
- CMS Holdings
- Polychain Capital
- Multicoin Capital
- BlockTower Capital
- Distributed Global
- ParaFi Capital
- Ryze Labs
- CoinFund
- NGC Ventures
- Slow Ventures
Also note that SOL has a myriad of strategic partnerships, among them:
- Google Cloud
- Circle
- Discord
- Meta
- Shopify
- Stripe
- Magic Eden
The Solana ecosystem
The SOL project ecosystem covers many areas in the crypto and blockchain industry; DeFi, NFTs, SFTs (Semi-fungible Tokens), Marketplaces, GameFi, infrastructure projects and more…
In fact, Solana provides its own set of tools, technologies and frameworks for game developers, payment systems, applications and ecosystems, which in particular makes SOL the most attractive blockchain on the market.
Worth noting as well is that the Solana ecosystem includes:
Key mechanics of Solana blockchain
Solana implements several key components for the correct operation of the protocol:
- Tower BFT
- Turbine
- Gulf Stream
- Sealevel
- Pipelining
- Cloudbreak
- Archivers
It is important to note that Solana operates within a hybrid system of consensus mechanisms, which gives it the main features of a high-speed blockchain without violating the principles of decentralization.
SOL is based on the Delegated Proof-of-Stake (DPoS) consensus algorithm, which is combined with Proof-of-History (PoH). This is the main element in the SOL ecosystem.
With these mechanics, network synchronization occurs without the need for Nodes to interact with each other to reach consensus. PoS gives validators the ability to verify transactions while receiving a reward, while PoH actually keeps a record of all events within a certain period of time.
Let’s focus on two more key mechanics. The Solana system Sealevel affects the speed and parallel transaction processing ability. It is used to optimize resources. In turn, Turbine system breaks the information contained in blocks into smaller data packets, distributing them randomly. This approach achieves coverage of up to 40,000 SOL validators.
Benefits of Solana
- Stable scalability
- Unique consensus interoperability model
- High transaction speed
- Low fees
- Flexibility
- Variety of tools and functionality for developers of different levels and directions
- Compatibility
Token SOL
The SOL token is a utility token of Solana network. SOL holders can become validators. In addition, the token is implemented based on the SLP-20 (Solana Program Library) standard, which increases compatibility with smart contracts and makes other processes in the system work more smoothly.
SOL is used to pay commissions in the network and ensure correct operation of consensus. Token is also endowed with a burning mechanism, eliminating increased inflation of the asset.
Conclusion
Solana stands out for its speed of transaction processing and low fees. There are various DeFi and NFT projects in the network ecosystem, and users can also contribute their assets to the staking and maintain the security and proper level of decentralization of the project.
Theoretically, anyone in the community can run a node, but in reality the hardware requirements to keep the network running are quite high. In addition, there have been cases when the network has stopped working for long periods of time due to various malfunctions.