Solana’s best projects in 2022
Solana is a decentralized China bloc aimed at increasing global scalability while maintaining decentralization and security. This blockchain also supports smart contracts and is a good platform for decentralized software. Solana soon established itself among users and developers in the field of digital currencies. Solana Digital Currency (SOL) is now among the top 10 digital currencies in the world with its impressive growth. Solana, with its scalability and high transaction speeds and very low fees, soon became one of Atrium’s main competitors and became known as the Atrium Killer.
Atrium Blockchain hosts nearly 3,000 decentralized projects and applications. Hence, Solana still has a long way to go to reach this statistic; But the existence of more than 350 projects on this Chinese block, many of which are successful and have a bright future, has increased its value among users.
Based on that an essay According to the Blakonomi website, we have introduced the top 10 projects of the Solana blockchain. Join us to get acquainted with these projects.
Solana’s most successful projects in 2022
Solana was one of the most successful digital currencies in 2021. Launched in March 2020, coinciding with the Corona epidemic and subsequent shutdowns, the China bloc had to deal with this unfortunate coincidence in order to quickly impact the market; But it eventually made its way to the list of the top five digital currencies in terms of market value and then established itself among the top 10 digital currencies.
The Solana First Layer Protocol has attracted a large number of talented developers over the past two years, supporting more than 350 projects, many of which focus on DeFi, NFT and Web 3.
Solana’s success has also attracted the attention of the world’s largest digital asset management company, Grayscale. The company established the Solana Fund last year to enable its customers to invest in the Solana digital currency. Interestingly, the value of Solana’s digital currency grew by more than 15,000 percent in 2021.
Solana owes its success to the possibility of high-speed, low-cost transactions. Now that more than two years have passed since the launch of this China block, it is not bad to take a look at 10 projects on the Solana China block that are worth observing in 2022.
Solice
Soleis is the first virtual reality metamorphosis in the Solana blockchain that combines social media, gaming and digital currencies. In this fascinating virtual world, players can create mini-games, be rewarded with special tasks and missions in the form of digital currencies, and sell any of their earned assets through the integrated Solis market.
Soleis has a software development kit (SDK) that enables users to create their own unique tokens and use them in games. However, competing projects do not have this possibility. Soleis recently raised more than $ 4 million from a group of venture capital firms, which indicates a bright future for the project.
Nova
The Nova project is a programmable asset framework that allows users to build their digital asset portfolio (including non-replica tokens) and automatically profit through several different mechanisms. The project won the Solana Summer Hackathon in 2021.
The target audience of this layer of decentralized management is those small investors who have missed the opportunity to make a profit in decentralized finance projects. Built on the Solana blockchain, Nova intends to support a wider range of assets and blockchains to increase the profitability of its users.
The project initially launched its decentralized exchange (IDO) on the Solanium platform in December last year, selling $ 200,000 in tokens.
Ratio Finance
Rishon Finance aims to help investors make the most of their Solana liquidity. Those who want to make the most of the cash-strapped tokens locked on profit-making platforms can get help from this project.
Rishu Finance is equipped with collateral funds managed by a dedicated stable coin called USDr. This StableCoin is used to repay loans, investments, or cover bribe treasury debt.
This year, the project aims to improve its user experience and add the possibility of participating in governance and new financial products to help users reduce defamation risk.
Crowny
Many people are looking for a way to be rewarded for working with their favorite businesses, and on the other hand, there are many businesses that are interested in benefiting from real and attractive loyalty programs. The Crooney project, a mobile application, has achieved this goal. Crohn is a privacy solution for both companies and users.
Users can use this software to view the type of content they like and set the time. Companies can also reach their target community by sending mobile notifications, location-based marketing and QR codes.
Crown token with CRWNY symbol plays a pivotal role in this software. Users who attend events related to their favorite businesses will receive a crown token.
Aldrin
Aldrin is a decentralized exchange whose daily trading volume has recently exceeded $ 20 million. This platform has many more features than a decentralized exchange. Aldrin has a RIN token that is used to encourage greater participation in the ecosystem. The platform plans to launch a centralized exchange soon.
Users can be rewarded by sharing RIN tokens. This reward is provided from the platform fees. The RIN token also has a derivative tool called sRIN. Those who contribute to the exchange’s liquidity and facilitate its transactions will also be rewarded.
RaceFi
The central element of most metaphors is a dream land that is ready to be explored; But Risfai is different from other meta-transitions in this respect. Risfai, the first artificial intelligence-based driving competition in the Solana blockchain, is a virtual car journey. The game supports a variety of tournaments, including Player vs. Player (PvP) and Player vs. Environment (PvE).
Risfai also provides players with the opportunity to earn money by owning in-game assets such as garages, theaters, racetracks and billboards. Risfai is scheduled to be launched in the second quarter of 2022 and will create a new and different atmosphere in the growing world of Metavars. This game will definitely be interesting for car lovers around the world.
port Finance (Port Finance)
Port Finance is a non-cash money market protocol that incorporates services such as variable interest rate lending, fixed interest rate lending, and interest rate swaps into the Solana ecosystem. The protocol was created by a team of engineers from Google, Facebook and Microsoft.
The port finance structure is based on a lending protocol that is similar in structure to the Compound Finance blockchain in Atrium. Accordingly, Port Finance allows users to borrow more with less collateral and at the same time enjoy the very high speed of the Solana network.
Port Finance plans to make one-click leveraged trading possible this year using Raydium AMM. The platform also intends to expand support for leveraged profit cultivation.
Read more: Borrowing in the field of defense; Explanation in simple language
RunNode
Rannood is a node-sharing protocol (RPC) technique that seeks to attract developers from other blockchains to Solana. This protocol is equipped with in-depth analysis, automated scalability, and reliable and secure connections, and can be used to set up almost all defy protocols such as lending platforms, decentralized exchanges, non-replica token markets, profit aggregators, gaming currencies, and foreign exchange currencies. .
Registering in Rannud is very simple. Just enter a username and password and then select the application you want. Rannood raised $ 8.1 million last year in a fundraising period and made its initial public offering of a decentralized exchange on the Solstarter launch in the Solana blockchain.
DeFi Land
Defyland is also one of the winners of Solana’s previous hackathons. In an innovative way, the platform simulates profit cultivation with traditional agriculture. Defyland also offers game-related elements such as proxy-owned tokens and user-generated games.
Diffland’s game mechanism for earning money is such that participants can perform tasks such as farming, fishing and animal husbandry, or compete with other players. Such elements were not present in the primary profit cultivation protocols.
Defyland is currently integrated with many projects, including SolFarm, Orca and Raydium. Defyland’s virtual land was sold in the form of a unique token in February this year. This platform also intends to transfer control to users. In addition, Defyland wants to add support for other blockchains.
WhaleMap
Those who have been in the digital currency space are familiar with questions like these: Are long-term holders for sale? At what price are big investors buying and collecting digital currencies? Is the greed of investors the reason for the market over-effort?
Wilomp is a platform designed to answer exactly these questions. A team of physicists and designers have established this data-based platform. Willamp extracts raw bitcoin transactions in real time from several nodes. It then gathers information from the analysis of these transactions, such as whale sales volume and collection pattern, in a range of analytical tools to determine investors’ perspectives.
Solana is the first Chinese block to which Willamp plans to expand its services. Wilomp also has a free membership program; But it costs $ 99 a month to provide more services. Of course, for users who have a good use of the information of this platform, $ 99 per month is quite valuable.
Conclusion
On its way to compete with Atrium, Solana has created a space for developers to develop a variety of decentralized software on this blockchain by providing scalability and high speed. So far, more than 350 projects in various fields such as Difai, decentralized exchanges, Web 3, online distribution and other fields related to the Chinese blockchain and digital currencies have been built on Solana.
Among these projects, Soleis, Nova, Risho Finance, Krone, Aldrin, Risfai, Port Finance, Rannood, Difai Land and Willamp have been able to win the title of the top 10 Solana projects. These are projects that are worth observing in 2022.
In just over two years, Solana Blockchain has been able to attract the attention of many developers in the world of digital currencies and defa. The presence of these projects in Solana and the presence of Solana digital currency among the top 10 digital currencies in terms of market value can promise a bright future for this Chinese bloc.