Thread by @ellcrypto, 1/ The Solana ecosystem is growing rapidly in projects, traders and users.. [...]

1/ The Solana ecosystem is growing rapidly in projects, traders and users.. could we be heading into Solana Season?

I& #39;ve spent the last few weeks digging into the SOL ecosystem, here& #39;s what I& #39;ve found so far.

Deep Dive Thread

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">

1/ The Solana ecosystem is growing rapidly in projects, traders and users.. could we be heading into Solana Season?I& #39;ve spent the last few weeks digging into the SOL ecosystem, here& #39;s what I& #39;ve found so far.Deep Dive Thread https://abs.twimg.com/emoji/v2/... draggable=

" title="1/ The Solana ecosystem is growing rapidly in projects, traders and users.. could we be heading into Solana Season?I& #39;ve spent the last few weeks digging into the SOL ecosystem, here& #39;s what I& #39;ve found so far.Deep Dive Thread https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" class="img-responsive" style="max-width:100%;"/>

2/ Firstly, what is Solana $SOL? (MC: $5.2B)

Solana is a fast, secure, censorship-resistant L1 blockchain with incredibly low fees.

Right now you can make roughly 1000 transactions on Solana for around $0.01

Comparison from @Coin98Analytics

3/ There& #39;s currently huge amounts of capital and developers flowing into the Solana ecosystem.

New $SOL based projects are popping up every day.

Image from @solanians_

4/ The Solana Foundation has just partnered with exchanges Okex and MXC two launch two funds with a combined 40m in capital to bring more decentralised applications and projects to market. https://cointelegraph.com/news/solana-raises-40-million-in-strategic-investments-from-okex-mxc-exchanges">https://cointelegraph.com/news/sola...

Solana Ecosystem raises $40 million in strategic investments from OKEx, MXC exchanges

Solana is looking to take market share away from Ethereum as the leading DeFi ecosystem.

https://cointelegraph.com/news/solana-raises-40-million-in-strategic-investments-from-okex-mxc-exchanges

5/ But where can you buy/trade these new $SOL projects?

Firstly there& #39;s Serum $SRM (MC: $260m)

Serum Is a decentralised exchange built on Solana with sub-second trade speeds, on-chain order books and lower fees than any other DEX

6/ @ProjectSerum is backed by Sam Bankman-Fried.

@SBF_Alameda is the founder of @FTX_Official which is one of the fastest-growing and highest-volume centralised cryptocurrency exchanges (You can also trade many Solana based projects on FTX) https://youtu.be/ZOGmBpv6Uf8 ">https://youtu.be/ZOGmBpv6U...

7/ You can also trade many emerging Solana projects on Raydium $RAY (MC: 220m)

@RaydiumProtocol is an automated market maker - it& #39;s basically Solana& #39;s version of Uniswap/Pancakeswap but with some key nuances.

8/ Unlike other AMMs, Raydium provides on-chain liquidity to a central limit order book, meaning that pools have access to all liquidity on Serum.

It& #39;s also Solana based which means fast, low-cost transactions.

and if you& #39;re into farming you should check out their LP yields

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👨‍🌾" title="Man farmer" aria-label="Emoji: Man farmer">

8/ Unlike other AMMs, Raydium provides on-chain liquidity to a central limit order book, meaning that pools have access to all liquidity on Serum.It& #39;s also Solana based which means fast, low-cost transactions.and if you& #39;re into farming you should check out their LP yieldshttps://abs.twimg.com/emoji/v2/... draggable=

" title="8/ Unlike other AMMs, Raydium provides on-chain liquidity to a central limit order book, meaning that pools have access to all liquidity on Serum.It& #39;s also Solana based which means fast, low-cost transactions.and if you& #39;re into farming you should check out their LP yieldshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👨‍🌾" title="Man farmer" aria-label="Emoji: Man farmer">" class="img-responsive" style="max-width:100%;"/>

9/ If the interest, hype and new projects in Solana& #39;s ecosystem continue to grow at the current pace then we could see price action and volume on Raydium & Serum similar to that of Pancakeswap & Uniswap.

The thought of this makes $RAY & $SRM& #39;s 200m market caps seem very low.

10/ Some other notable active Solana projects:

• @Oxygen_protocol $OXY - A DeFi Prime Brokerage Protocol with various strategies for earning yield.

• @bonfida $FIDA - Bonfida provides on-chain data, trading strategies and their own alternative DEX.

11/ Upcoming Solana Projects:

• @solstarterorg - Solana& #39;s first IDO Launchpad platform for projects to raise liquidity in a fair & decentralised manner.

• @staratlas - A VR enabled space-based blockchain strategy game that incorporates NFTs.

12/ Solana tools:

• http://explorer.solana.com"> http://explorer.solana.com - Block explorer
• http://Sollet.io"> http://Sollet.io - Wallet
• http://solanabeach.io"> http://solanabeach.io ( @solanabeach_io) - View statistics, validators, token metrics and news about the overall Solana ecosystem

#solseason

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