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What are the Top 3 Projects on Solana Right Now?

By BeInCrypto (Fernando Fierro)CryptocurrencySep 19, 2021 05:46
uk.investing.com/analysis/what-are-the-top-3-projects-on-solana-right-now-200496933
What are the Top 3 Projects on Solana Right Now?
By BeInCrypto (Fernando Fierro)   |  Sep 19, 2021 05:46
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Today, let’s talk a bit about Solana. First, we’ll cover what it is, and what makes it unique. Then, we’re going to take a look at 3 very promising platforms that have been built on the Solana blockchain.

Of course, there are many, many more than 3 interesting projects, so we’ll also list some solid honorable mentions at the end, so be sure not to miss that! By the end of this video, you should have a pretty decent idea of what Solana is, and what are some of the projects that make it interesting. So what are we waiting for? Let’s jump in and take a look at some of the most promising platforms being developed on Solana!

The first offering on our list is actually two different projects we wanted to mention together. Those projects are Serum and Raydium. Serum is a decentralized exchange that also uses a central on-chain order book to emulate the benefits of using a traditional exchange.

The platform was launched on August 31st, 2020 and is supported by fairly big names such as FTX and Alameda Research.

Raydium then is a highly popular Automatic Market Maker and also a Decentralized Exchange, and we mention these platforms together because they are designed to share each other's liquidity.
In fact, Serum is designed for that exact reason, to extend the benefits of its order book to other Decentralized Exchanges and enhance liquidity for all. Raydium just happens to be the largest and most popular offering at this time.

Up next we have another bold innovator in the Solana DeFi space, a platform known as Mango. Mango is a different kind of attempt to bring the full range of options usually only available from centralized exchanges into the DeFi ecosystem.

This means spot markets and derivatives with up to 5x leverage. Furthermore, the exchange uses a pooled deposit system to offer some of the lowest fees on the already low-fee Solana blockchain.

There is also built-in comprehensive analytics so you can track your trading progress, liquidation alerts, and a fully customizable user interface. This makes Mango a somewhat more professional and flexible trading platform, setting it apart in the world of DeFi and definitely worth checking out.

Lastly, we couldn’t complete this list without mentioning Non Fungible Tokens, and Solana has quite a few offerings for those interested. One project of note is known as Solarians. Solarians were the first NFTs to come to Solana, each one is a unique animated robot, and the total collection will only ever have 10,000 Solarians minted, meaning there is true scarcity.

The designers created over 1,800 unique robot parts that are mixed and matched so that no two Solarians will ever be exactly alike. Already over half of the total supply has been minted and sold, so if you’re looking to get your hands on one, you’d better move fast.

Of course, like most popular NFTs these days, they aren’t exactly cheap. The lowest offer listed on the official marketplace at the time this video was made is 9.8 SOL, and with one SOL currently trading at around $160, you can appreciate that this is a notable investment.

What are the Top 3 Projects on Solana Right Now?
 

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What are the Top 3 Projects on Solana Right Now?

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