Solana Community is EXPLODING


The solana blockchain had recently experienced an increase in its' TVL (total value locked) which means that there are more hard core users that trust it enough to invest into it long-term. Locked liquidity means that they've invested SOL that they can't access until their lock period is over. Users usually receive more SOL in return, a fixed or variable interest rate on their money. Fixed interest rates become harder and harder to find as the days go by since more scams tend to appear everywhere. All the biggest blockchains rely on fixed interest rates which is always better as not only do you make interest on your money, you make profits from the price of the token you hold onto, assuming it goes up, ofcourse. 

On the other hand, the Solana community is steadily growing. More and more people are finding out about Solana in record numbers which insinuates that it'll continue to see price increases in the coming months. This is measured through votes as it clearly defines who's willing to put their SOLANA on the line in order to vote and who isn't willing to do so - showing how many active users are actively in touch with the community communications channels. 

Here are a few statistics that might help clearly define their growth:

dabcc175bd840a3cd6c4f5262908b8d4c66c5a9cb2c5f5ac79da5ee52db446ba.png

The above compares solana's circulating marketcap to their daily transactions on the blockchain. This includes all of their projects' transactions too.

74d27f02583af4e55e047edd5ccb4fb46924bd9b5c3a23f183202853833d5d83.png

The above displays the programs aka projects in solana and how many are active, think of programs similar to contracts on ethereum but for solana.

 

e067561b3047f4ca40a8b29b974960d67c3afabb389416183ce12916e07ffbd3.png

Title says it all above. eep in mind that solana is a small blockchain when compare to ethereum which is why ethereum is all the way on the top right corner.

d2cfb8692103ec36fd5fe5b2f903a1cf5eeaf0b932e4429fec77dba09f57c64f.png

The above shows the TVL in solana for each of their top programs aka projects.

Now, a few memes to help you unwind before the end of this article :)

292719c1ab720ad685131ac1d21842ceaf52351f442642fc8c5be68d59fc81a4.jpg

03597a2b2ecb75f697d3e01d8c87417cfd4980619da9c0653bf1525cce444d81.png

056c9d49145a4a4e538434ae46326c167f7b9dcb576652c8f74efc35bfe59bef.png

 

How do you rate this article?

47


Orbital Blogs
Orbital Blogs

A team of established bloggers coming onto publish0x to spread news and practice writing.


Factual/Opinion Articles
Factual/Opinion Articles

Title says it all.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.