What is Solana, and how does it work?

Solana is a highly functional open source project that implements a new, permissionless and high-speed layer-1 blockchain. Created in 2017 by Anatoly Yakovenko, a former executive at Qualcomm, Solana aims to scale throughput beyond what is typically achieved by popular blockchains while keeping costs low. Solana implements an innovative hybrid consensus model that combines a unique proof-of- history (PoH) algorithm with the lightning-fast synchronization engine, which is a version of proof-of-stake (PoS). Because of this, the Solana network can theoretically process over 710,000 transactions per second (TPS) without any scaling solutions needed.

qustion

One way to track the growth of developers in an ecosystem is through the number of unique contracts used. Create a snapshot of the number of unique apps used per day since the beginning of January.

What types of apps are most popular and what apps seem to be gaining popularity during this time frame? Does it look like the development is still going on in the bear market?

Explanation and method

The chart and table above show you the number of unique programs used in the Solana ecosystem

As you can see in the graph above, this number has been increasing since the first of Jan until now This chart shows us that although we are in a bearish market, the number of unique programs used is increasing every day and progress is being made.

That is, from the first of January to the 7th of June, it has taken an upward course, regardless of the decline of the crypto market.

method

I have used the data available on the Flipside site to get the above table and graph (from solana.core.fact_events)

Explanation and method

method

To find these 4 popular platforms on the Solana ecosystem, I used two of the data available on the Flipside site.

from (solana.core.fact_events) JOIN (solana.core.dim_labels)

I used the (join) command to combine these two data

These platforms are growing and developing in the bear market The number of usage of these sites is very high compared to other platforms

Explanation

In the chart that I have created, the volume of these platforms is first, serum, second, mango, third, solona, fourth, raydium, they have the largest volume of usage.

Conclusion

Considering that the Solana ecosystem has solved many of Ethereum's problems in terms of scalability and low fees, the projects that have been launched on the Solana ecosystem are undergoing an upward trend of growing and progressing in technical matters, such as It can be concluded from the available data that the bearish market has not had any effect on the progress of these platforms, but they have taken an upward course.