Bonfida Name Service on Solana

    Bonfida is a blockchain infrastructure protocol that provides a suite of products aimed at bridging gaps between various protocols across Solana, ranging from decentralized naming services to encrypted messaging. Its web3 infrastructure has majorly contributed to improving the user experience of the decentralized finance (DeFi) ecosystem, making it an established developer in this space. Bonfida’s flagship product, the Solana Name Service, enables the community to replace complex wallet addresses with customizable characters. It is also the team behind Jabber, Solana’s first upcoming messaging application, which it hopes to breaks barriers in web3 communication.

    Introduction
    Solana Blockchain
    Bonfida Name Service
    Methodology
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    Solana is a blockchain platform designed to host decentralized, scalable applications. Founded in 2017, it is an open-source project currently run by Solana Foundation based in Geneva, while the blockchain was built by San Francisco-based Solana Labs

    Solana is much faster in terms of the number of transactions it can process and has significantly lower transaction fees than rival blockchains like Ethereum. The cryptocurrency that runs on the Solana blockchain—also named Solana (SOLUSD) and using the ticker symbol SOL—soared almost 12,000% in 2021 and at one point had a market capitalization of over $66 billion, making it the fifth-largest cryptocurrency by this measure at the time.

    Despite its popularity, SOL did not escape the cryptocurrency bloodbath of 2022. By Oct. 3, 2022, SOL had dropped to about $11.71 billion in market capitalization. It also fell to ninth place in market capitalization.3 Learn more about Solana and what makes it unique among thousands of imitators.

    Data : investopedia

    Tracked the Bonfida Name Service program by using the solana.core.fact_events table and specifying the program_id as jCebN34bUfdeUYJT13J1yG16XWQpt5PDx6Mse9GUqhR, joined the solana.core.fact_transfers table to find out the token transferred, and also joined the solana.core.fact_transactions table for screening the action for processing of this program.

    Use the live query methodology to pull data on user activity since this program launched in June 2021. In addition, this dashboard used more than 58 queried files.

    Lastly, also add two fields named period and start_date. The first field used for changing movement creates charts on this dashboard, which have three choices comprised of month, week, and day. The latter field, which specifies the date for starting, pulls the data on the activity of this program.

    Bonfida is a blockchain infrastructure protocol that provides a suite of products aimed at bridging gaps between various protocols across Solana, ranging from decentralized naming services to encrypted messaging.

    Its web3 infrastructure has majorly contributed to improving the user experience of the decentralized finance (DeFi) ecosystem, making it an established developer in this space.

    Bonfida’s flagship product, the Solana Name Service, enables the community to replace complex wallet addresses with customizable characters. It is also the team behind Jabber, Solana’s first upcoming messaging application, which it hopes to breaks barriers in web3 communication.

    Data : metaroids

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