Solana’s speed is something that one should experience for themselves. Solana (SOL) claim to be the fastest growing cryptocurrency.
Solana recently cleared up confusion on “Unlocked” and “Circulating” Solana supply. Unlocked: Tokens that are not bound by transfer restrictions. The current unlocked supply is ~430m Circulating: Tokens that are both unlocked AND not held by Solana. The current circulating supply is 261,900,507.
Of note, the best projects in DeFi, Web3, and blockchain gaming are choosing to build on Solana for the long-term.
Serum, Audius, Terra, akash, Chainlink, Civic, Bonfida, Stardust, anchor and more are just a few to name from the many partnerships, collaborations, and integrations.
Year 2020 despite the challenges imposed by the pandemic, the Solana ecosystem flourished and grew exponentially. They launched Mainnet Beta, grew a dedicated global community of over 650k, onboarded more than 350 validators, partnered with leading projects like Audius, Circle, Chainlink, Serum, Terra, Akash, and many others.
For clarity, Solana has more than 100 project integrations covering DeFi, Blockchain Gaming, and Web3 verticals. There are 350+ active validators distributed across the globe. About 8.3 billion transactions on-chain and counting. More than 54 million blocks have been created. There are 4.9 million unique SOL wallets. There are 600,000+ global advocates and community members. And the Solana Foundation hosted its first hackathon in Q4 and over 1,000 devs participated in the event.
Those who are interested in building on Solana should check the ecosystem page with direct links to the grants program, documentation, and forms to submit a sample existing project for representation on the website.
A general overview is available in the developer page providing information around the core innovations that make up Solana.
Velas recently announced their alignment with Solana. Of note, EVM support is facilitated Velas team.
Velas tweeted: “Velas is excited to announce a major evolution in our project, leveraging and forking the solana codebase to give Velas one of the fastest blockchain speeds on the planet – with Ethereum support, and going open-source.”
Solana recently announced the official integration of USDC-SPL on TrustWalletApp. Of note, Trust Wallet now supports the receiving and sending of USDC via the Solana network (USDC-SPL). It is possible to transfer USDC in less than a second with an average transaction fee of $0.00001.
Of note, Solana is the only chain today that can settle 50k+ txns per second, with fees as low as $0.00001 per txn.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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