Few Blockchain ecosystems have grown as fast as Solana. However, it officially launched its mainnet in March 2022, and Solana’s high-speed, energy-efficient Blockchain has become host to hundreds of exciting projects in the crypto space. In contrast, its native cryptocurrency token SOL ranked 9th overall by market capitalization.
Solana’s success is due to its fast transaction speeds and low costs, making it a popular choice for hundreds of Blockchain developers. In just under two years, it has attracted a slew of talented developers who have helped grow over 350 projects, ranging from DeFi and play-to-earn games to social currency and Web3. Here are some of the most exciting projects to watch as the year progresses.
A Blockchain-based multiplayer exploration game, star atlas aims to build an open economy within its metaverse that will allow its players to earn ATLAS tokens simply by playing – and succeeding – in the game.
The game is set far in the future, in the year 2620, when control of the known universe is shared between three factions – humans, androids and aliens – each of which fights for control of its metaverse. The game is still in its early stages of development, but parts of its metaverse have already been opened up for exploration when it released in stages.
Star Atlas claims to house a “universe of opportunity” through its dual economy, which uses ATLAS tokens as its primary currency and POLIS tokens for governance. Players can complete challenges and earn rewards in ATLAS and NFT.
the GARI network create Chingari, one of the most popular social media apps in India. Chingari is a TikTok-style short video sharing app and probably the biggest social media platform to date to launch its official cryptocurrency. Chingari created GARI to facilitate a massive digital economy. Users will earn GARI tokens for creating and sharing viral content and for tipping other users if they like their videos. Chingari also wants to enable e-commerce, giving influencers a way to sell NFTs and physical merchandise through its platform.
GARI’s potential is best illustrated by its incredible growth. Despite launching just six months ago, GARI has already become the second most widely held cryptocurrency token on the Solana Blockchain, according to GenX Analytics. Besides, it’s only just begun. The 238,000 GARI token holders represent only a fraction of Chingari’s 32 million daily active users. If Chingari succeeds in getting a good majority of these users to adopt GARI, who knows where it might end up?
Largest decentralized exchange on Solana by total value locked, at $1.028 million, Dex Serum is popular for its wide range of trading options and support for many tokens, as well as its cheap, fast, and permissionless nature.
Serm Dex offers a decentralized order book that gives users a wide range of prices and order sizes to play with, meaning they have more control over their trades. It also supports cross-chain trading, giving more advanced traders the ability to arbitrate.
A Blockchain-Enabled Music Streaming Platform That Gives Creators Full Control Over The Content They Produce, It’s No Surprise To See Audius is gaining popularity. When artists upload content to the service, they can produce immutable records fully secured by a decentralized network of nodes. They can then charge network users a fee to download and listen to their content.
The project originally launched on the Ethereum blockchain before migrating to Solana, a move he says was made to better serve its user base. It now has over 1 million listeners every month, and its native AUDIUS token is now the 5th most widely held on the Solana Blockchain.
Solice is an open-world virtual reality metaverse built on Solana that combines crypto, social, and gaming elements. In this immersive 3D virtual world, users can create and monetize miniature games, complete quests, and clear dungeons in exchange for crypto rewards and then sell the assets they earn through its built-in marketplace.
It’s a true metaverse play-to-earn experience that allows anyone to participate. Unlike other platforms, Solace has a custom SDK allowing users to create their own NFTs that can be used in-game.