What happens to Solana now?

Preface

SBF’s Tweet
CoinGecko
DefiLlama
Tweet from SOLBigBrain
  • There are over 11.5m active accounts on Solana with 1.7m active fee payers as of October 2022. Peak of 22.4m and 2.7m respectively
  • Open source repos and developer activity have been rising exponentially. There are 20,717 repos and 1,114 programs as of November 2022, a ~7.6x and ~8.3x respectively since August 2021.
  • DAO tooling and adoption have also taken off. There is approximately 15m SOL managed across 1,700 DAOs, a ~43.3x and ~1,700x respectively since August 2021.
  • NFTs have been a breakout use case on Solana, onboarding hundreds of new users to the network. There have been over 21.9m NFTs minted across 7.2m wallets, with primary sales at $1.1b and secondary sales at $2.5b.
  1. QUIC, a protocol built by Google, enables better traffic control for validators over transaction flows
  2. Stake Weighted Quality of Service ensures that any validator with X% of stake will be able to forward at least X% of transaction packets to the leader
  3. Priority Fees allow users to express urgency in their transactions by specifying an additional fee, payable upon execution of the transaction and block inclusion
Tweet from mattytay

Google Cloud

Account Compression

xNFTs

Token 2022

  • Confidential transactions, which enable more privacy for users by masking the amounts that are being transferred, it is important to note that transaction parties still can be seen on-chain
  • Interest bearing/rebasing tokens, that can provide more functionality for applications such as stake pools and lending protocols
  • Memo requirement for transactions, where client-facing applications that deal with consumer payments only accept transactions that specify a memo which can then help with easier categorisation of payment types
  • CPI guard extension, that forces dApp transfers to go through a delegate, which means that users are only assigning a specific amount or type of token that can be used by the program. This will reduce instances of wallet drains when interacting with “sketchy dApps”

Dialect

Teleport

Helium

Solana Compass

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