🔍 Nansen published an in-depth analysis report on the Solana ecosystem, exploring on-chain data, network growth, and other findings.
📈 The report shows that Solana remains strong and continuously improving, reaching 100% uptime this year, despite facing challenges such as network outages and the FTX/Alameda incident.
💰 Solana's current TVL is $30.95 million, nearly double from the beginning of the year.
📊 Monthly transactions related to Solana were stable, while voting transactions increased strongly. Nansen said that this increase in transactions and TVL shows the potential for positive economic performance of Solana.
🛠️ Nansen also mentioned some of Solana's solutions, such as fee marketplaces and state compression, that solve big problems in its technology stack.
🎨 State compression reduces the cost of creating NFTs by over 2,000 times. Previously, creating one million NFTs on the Solana network would cost the creator around $253,000, but after state compression, the cost drops to just $113.
🚀 The report also mentions the rapid expansion of Solana-based funding, led by Marinade Finance, Lido Finance and Jito_sol. However, the report recognizes that there remains significant potential for expansion, as only about 3% of issued SOLs are currently allocated to these protocols.
🤝 Additionally, analysts mentioned increased interest in enterprise adoption and payment rails after Visa integrated USDC payments on the Solana blockchain. The main purpose of the Visa USDC integration is to bring faster processing speeds and higher performance at almost negligible cost to users.
🌟 The report also notes that Solana has attracted the attention of consumer-facing apps. It lauds Solana's technological achievements, potential partners and infrastructure applications, all of which show its promise.
🚧 However, the report also points out that challenges remain, including uncertainty regarding the number of FTX/Alameda SOLs. Negative news about this volume will be a temporary barrier to SOL's development.
📈 The report shows that Solana remains strong and continuously improving, reaching 100% uptime this year, despite facing challenges such as network outages and the FTX/Alameda incident.
💰 Solana's current TVL is $30.95 million, nearly double from the beginning of the year.
📊 Monthly transactions related to Solana were stable, while voting transactions increased strongly. Nansen said that this increase in transactions and TVL shows the potential for positive economic performance of Solana.
🛠️ Nansen also mentioned some of Solana's solutions, such as fee marketplaces and state compression, that solve big problems in its technology stack.
🎨 State compression reduces the cost of creating NFTs by over 2,000 times. Previously, creating one million NFTs on the Solana network would cost the creator around $253,000, but after state compression, the cost drops to just $113.
🚀 The report also mentions the rapid expansion of Solana-based funding, led by Marinade Finance, Lido Finance and Jito_sol. However, the report recognizes that there remains significant potential for expansion, as only about 3% of issued SOLs are currently allocated to these protocols.
🤝 Additionally, analysts mentioned increased interest in enterprise adoption and payment rails after Visa integrated USDC payments on the Solana blockchain. The main purpose of the Visa USDC integration is to bring faster processing speeds and higher performance at almost negligible cost to users.
🌟 The report also notes that Solana has attracted the attention of consumer-facing apps. It lauds Solana's technological achievements, potential partners and infrastructure applications, all of which show its promise.
🚧 However, the report also points out that challenges remain, including uncertainty regarding the number of FTX/Alameda SOLs. Negative news about this volume will be a temporary barrier to SOL's development.