Solana is a high-performance layer1 blockchain that achieves scalability through parallel processing. Read more
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Bonk
BONK is a meme coin launched on Solana in December 2022, distributed to build community and liquidity within the ecosystem.
dogwifhat
WIF is the most famous and capitalised Solana-native meme token.
BOOK OF MEME
BOME is a meme token launched via presale model on Solana.
Myro
$MYRO is a meme-token based on Solana Co-Founder Raj Gokal’s dog.
WEN
WEN is a meme token on Solana launched by Meow, founder of Jupiter Exchange.
MAGA
TRUMP is a meme token inspired by former US President Donald Trump running on Ethereum and Solana blockchains.
cat in a dogs world
MEW is a cat meme token running on Solana blockchain.
Popcat
POPCAT is a meme token running on the Solana blockchain inspired by viral meme of Oatmeal cat who "pops".
Samoyedcoin
Samoyedcoin is the premier community token and symbol of the Solana ecosystem.
Slerf
SLERF is a meme token on Solana known for its failed pre-sale launch.
STEPN GO
STEPN GO is a Move-to-Earn health and fitness application.
Star Atlas
Star Atlas is a gaming metaverse where users can create, play, & learn with others globally.
Nyan Heroes
Nyan Heroes is an NFT game built on the Solana blockchain, that is part of the ‘play to earn’ metaverse.
Genopets
Genopets is a Free-to-Play, Move-to-Earn NFT mobile game built on Solana.
UNKJD
MonkeyBall is a turn-based, Play-to-Earn soccer game.
MixMob
MixMob is a card strategy racing game.
Star Atlas DAO
POLIS is a governance token of Star Atlas.
Walken
Walken is a move-to-earn game that encourages players to adopt healthy habits through competing and monetizing their walking steps.
Aurory
Aurory is a blockchain based game and NFT ecosystem on Solana.
Decimated
Decimated is a multiplayer post-apocalyptic cyberpunk RPG in a persistent open world.
Jupiter
Jupiter Exchange is a DEX Aggregator and Perpetual Exchange on Solana.
Raydium
Raydium is an automated market maker (AMM) on Solana.
Drift Protocol
Drift Protocol brings on-chain, cross-margined perpetual futures to Solana.
Orca
Orca is a protocol built around a Concentrated Liquidity Automated Market Maker (CLAMM) on Solana.
RocketX Exchange
RocketX is a hybrid CEX and DEX aggregator.
Zeta Markets
Zeta Markets decentralizes finance (DeFi) futures and options exchange built on Solana.
Ellipsis Labs (Phoenix Trade)
Ellipsis Labs builds sustainable and efficient DeFi protocols on high-throughput decentralized infrastructure.
Whales Market
Whales Market is a OTC DEX running on the Solana blockchain.
Atlas DEX
Atlas DEX is a decentralized cross-chain liquidity aggregator, designed to create a seamless trading experience for anyone looking to exchange tokens.
1Sol
1Sol Protocol is a cross-chain DEX aggregator for decentralized protocols on Solana, enabling seamless, efficient and protected operations in DeFi.
Solana is a scalable, decentralized, and programmable blockchain. It facilitates transactions of its native SOL coin as well as digital assets like non-fungible tokens (NFTs), as well as SPL tokens. Solana’s founder, Anatoly Yakovenko, created the project in 2017 intending to increase the scalability of a cryptocurrency blockchain without sacrificing decentralization or security.
One of the biggest competitive advantages of Solana is its relatively high transaction speed. The blockchain can support up to 50,000 transactions per second without sharding. Solana achieves this via its proof of stake consensus mechanism along with timestamped transactions, known as Proof of History. This essentially means that it creates a historical record that proves that an event, i.e transaction, has occurred at a specific moment in time. Solana is the first network to try this Proof of History model.
Proof of History is designed to keep the time between computers running on a decentralized network without the need for all computers to communicate about it and reach an agreement. It keeps all records of transactions in an open ledger which is accessible by every block on the network. This maximizes efficiency by allowing transactions to be processed more quickly and allows for greater scalability on the blockchain. Thus, Solana remains secure, scalable, and decentralized without the necessity for any layer 2 solutions like Ethereum’s rollups and sidechains or Bitcoin’s lightning network.
Proof of History is used in combination with Proof of Stake which is designed for quick validation of the current sequence of transactions produced by the PoH generator. The computers that process transactions and secure the network are called validators. Participants can stake their own SOL to become a validator, or delegate tokens to validators, in exchange for a chance of earning more SOL and a percentage of transaction fees.
Solana’s choice of consensus has caused controversy in the crypto space, with some skeptical of its mechanics. In a PoW system, to counteract the possibility of two blocks being validated at the same time, transitions are slow, and the algorithm essentially acts as a clock. PoS, however, does not have a reliable source of time, and it is difficult to know the order of blocks as they arrive. PoH’s architecture enables transactions to be ordered as they enter the network, known as entries, rather than by block as seen on traditional blockchains. Thus solving the problem of agreeing on time, whilst also providing almost instant finality for the thousands of transactions it receives per second.
SOL also serves as a governance token. This means that holders can vote on future upgrades and governance proposals submitted by the Solana community.
Like Ethereum, Solana is a programmable platform that can interact with smart contracts. Smart contracts power a wide range of applications, from DeFi and NFT markets to decentralized lotteries and games.
Solana, unlike Ethereum and other EVM-compatible chains that run smart contracts on Solidity, uses Rust as a programming language. Rust is still a relatively young language, but in terms of tooling support, it is years ahead of Solidity. It can be used for fast, low-resource, cross-platform solutions and the language itself has many features that make writing Rust code both more ergonomic and easier to use than Solidity.
As of August 2021, many of the most popular applications running on Solana are DEXs and lending apps, and the crypto app ecosystem on Solana supports billions of dollars worth in TVL (Total Value Locked). One of the main reasons that users might prefer an app running on Solana over the comparable Ethereum, for example, is that speeds are high and congestion is low, thus resulting in significantly lower fees.
Serum is an example of a high-speed, non-custodial DEX built on Solana created by the Serum Foundation, founded by FTX, Alameda Research, and a consortium of other partners. The DEX runs on a fully on-chain central limit order book. The exchange hopes to solve current DeFi problems such as high gas costs, slow transactions, and centralization.
SOL tokens are available on all of the CEXs and DEXs listed on the market tab.
One of the most popular choices is Binance, it has the highest SOL/USDT trading volume. OKEx and other popular exchanges also list SOL.