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Recently, with the emergence of BOME, a wave of speculative frenzy has swept through Solana, raising over 655,000 SOL in 27 presales and boosting on-chain activity. However, as the hype has subsided in recent days and market sentiment weakened, most meme tokens have experienced a decline after an initial surge, with only a few managing to sustain their momentum.
Despite this, the future development of Solana cannot be ignored. Some have even compared the current development of the BTC and Solana ecosystems to the previous development of the ETH and BSC ecosystems (with the caveat that we are still in a bullish market phase, and the overall market will continue to rise). So, today, let's take a brief look at the Solana ecosystem.
### 01. Why Solana is Hot
Before examining the ecosystem, we need to analyze why the Solana ecosystem is so hot:
**Internal Factors:**
1. **Outstanding Performance:** Solana boasts low fees, low latency, and high throughput, capable of handling large traffic volumes. Given that the essence of finance is transactions, Solana continues to improve its speed and efficiency.
2. **Price Surge:** Solana's price has performed well in this cycle, rising from around $8 to a peak of $210, catapulting it to the fourth position in terms of market cap. This surge in Solana's price has naturally directed resources into the ecosystem.
3. **Market Momentum:** As the overall market heats up, the Solana ecosystem remains active and has seen notable projects emerging, fueled by both mainstream and meme trends.
4. **Capital Influx:** With continuous inflows of capital on-chain, various projects within the Solana ecosystem have witnessed significant market caps, while Ethereum's ecosystem struggles with internal issues.
**External Factors:**
The recent upgrade of Ethereum, although completed, did not improve the main chain. Additionally, as Ethereum's price rises, transaction costs increase, leading users to seek alternatives. This has greatly benefited Solana.
### 02. Highlighted Projects in the Ecosystem
Given Solana's current momentum, it's unlikely that the market will simply come to a halt. Let's take a look at some projects in the Solana ecosystem worth paying attention to. We'll focus on projects with some degree of popularity or utility, as this industry tends to favor new over old projects.
**Meme Tokens:**
Meme tokens have been a significant trend in this market cycle. Despite recent declines in Solana's meme tokens, they remain noteworthy due to their past performance.
**Infrastructure:**
Similar to previous trends seen with BRC20 and recent developments in the Bitcoin ecosystem, institutional investment and market demand are likely to extend to the broader Solana infrastructure.
**Highlighted Projects:**
1. **WIF**
2. **Bonk**
3. **Bome**
4. **Slerf**
5. **Jupiter (DEX)**
6. **Pyth Network (Oracle)**
7. **Helium Mobile**
8. **iot.net**
9. **Magic Eden (NFT Marketplace)**
10. **Backpack Ecosystem**
11. **Solana Mobile Saga**
Each project has its unique characteristics and contributions to the Solana ecosystem's growth, making them worth keeping an eye on amidst the evolving landscape of decentralized finance and blockchain technology. |
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Post time 11-4-2024 20:40:56
