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Solana (SOL) Ecosystem has Grown in Leaps and Bounds

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Reportedly, the Solana ecosystem has grown in leaps and bounds — and new projects are starting all the time.  Every Solana hackathon has been bigger than the last.

There are now more than 1,700 active developers building on Solana — everyone from crypto veterans to people who learned Rust over a weekend.

Community About Projects on Solana:  Pay attention to fluxprotocol. It’s the next level oracle, fully decentralized. It will enrich DeFi on Solana, FLX token fair launch will be held on 1st Dec via balancer on copper launch.

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Solanacash aims to accelerate the adoption of the Solana network around the world by adding more transaction capacity to the network. Key Features:  Powered and deployed on Solana. Low Transaction Cost.  Mobile App.

How to make Solana node, do you have some video?  Solana is an amazing project. They prioritized continuous building over noise making. It’s the great work that they do behind the scenes in their ecosystem that is paying off now. But more work is also needed to sustain these achievements.

For clarity, for those new to ecosystem by DeFi:  Solana SOL is a decentralized blockchain built to enable scalable, user-friendly apps for the world. Solana is the fastest blockchain in the world and is capable of supporting over 50,000 transactions per second (TPS) while maintaining block times of 400 milliseconds.

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Comparing that to trad alternatives; Visa claims a max TPS of 24,000 and Mastercard 5,000 Solana can already operate at 10x the speed of Mastercard and transaction cost $0.00025 Visa/Mastercard charge anywhere between 0.1-2.5% of every transaction. The more you spend the more the fees.

With Solana – you pay a flat fee whether you transact $1 or $100 million. Moreover, it’s global. We don’t even want to start counting the fees banks charge on FX & conversion for international transactions and remittances. The World Bank actually thinks 7.68% fees is an accomplishment.

It is proven that Solana can scale to a whopping 710,000 TPS with today’s hardware and it only gets faster thanks to Moore’s Law. A unique selling point for Solana is that everything is on Layer 1 aka everything is in one giant place. Solana ensures compos-ability.

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Between ecosystem projects by maintaining a single global state. This is extremely important for DeFi, NFTs, and the Metaverse – not having to deal with fragmented Layer 2 systems or sharded chains is a HUGE win as it expands the design space for devs.

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