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Solana the Modular
SVM everywhere Now looking into SVM enabled rollups, we’re currently seeing 2 cases broadly Rollups...Its performance might rival or surpass Gen 2 EVM rollups like MegaETH....To solve this, they’ve added an additional Layer 2....The 2 main applications that Rimark targets is Payment orchestration which serves as a side core and...
50 Min
Layer 2 / L2
Aug 2024
Solana the Monolith
The one caveat I would include here is that the Solana Foundation controls ~20% of stake and directly...example, every NFT is based on Metaplex’s standards, and until they make their programs immutable in ~2...and being included in the first iteration, and the other “c” transactions buffered until iteration 2...
52 Min
Layer 1 / L1
May 2023
Reserve & Celo - Part 2
[pdf-embedder url=”https://storage.googleapis.com/members-portal-bucket/uploads/2020/07/Research-Report-Reserve-Celo-Part...-2-5-31-2020.pdf” title=”Research Report – Reserve & Celo – Part 2 – 5 31 2020″]...Simulation 2 and 3 did breach this Type something threshold, but only in 2% of iterations for the former...
1 Min
DeFi
May 2020
Wormhole: A Solana/Ethereum Bridge ?
Certus One has released Wormhole, a bidirectional bridge ERC-20 and SPL Token bridge between Ethereum...and Solana. ...Layer-2 for Ethereum....Nodes are not known, churned regularly (every 3 days the 2 most unreliable nodes are churned out and...2 new nodes are churned in), and must stake a bond to have skin in the game instead of being known by...
5 Min
Infrastructure
Oct 2020
Solana NFTs in 2024: A Hotbed of Opportunities
Early supporters during Seasons 1 and 2 were able to mint Tensorian NFTs in August last year....Among the 7 species of Claynosaurz currently available, Dactyls are the rarest (2%) — the “grails” of...bad, and sometime shitty, takes on solana art scene; 2) many artists and collectors do not care about...Solana is the "Dark Horse".
39 Min
NFTs
Feb 2024
Is Hadeswap the Sudoswap of Solana?
Today, we take a look into Hadeswap, a Solana-based NFT marketplace, and our Research team provides some...📊 Is Hadeswap the Sudoswap of Solana?...Hadeswap is an AMM-based NFT marketplace that launched on Sept. 26 on Solana....then, the platform has experienced outsized growth to become the second-largest NFT marketplace on Solana...
4 Min
NFT Marketplace
Oct 2022
Is Solana NFT Summer Here? Part II: NFT Finance & Claynosaurz
In 2023, the Solana NFT ecosystem is flourishing more than ever....There is an upfront borrower’s fee of up to 2% on the loan value....Section 2: NFT Collections on Solana We analyzed the top 30 NFT collections on Solana (by trading volume...However, it’s worth celebrating that they have endured for 1-2 years since launching — a considerable...
18 Min
NFTs
Apr 2023
Solana NFTs & Magic Eden
BAYC and CryptoPunks are far away in the lead as the top 2 PFP collections (by floor price)....fractionalization can significantly expand the market reach of NFTs by lowering the entry price and 2)...ME takes a 2% transaction fee per trade....An interesting development 2 weeks ago was that the ME team outlined their vision to be more community-driven...
13 Min
NFTs
Mar 2022
Paladin of the Solana Round Table
In the first quarter of 2024, most metrics associated with Solana MEV repeatedly hit new highs....On March 9, 2024, Solana validators and the Jito protocol had a record day, collecting over 10,000 SOL...fees paid by transactions have exceeded $230 million.
21 Min
DeFi
Sep 2024
The Rise of Prop AMMs on Solana
...stack to actually bring the internet capital markets to life Gavel process: 1. initial public sale 2....token launches in… — Dan Smith (@smyyguy) May 22, 2025 Solana’s Infrastructure Upgrades Prop AMMs thrive...on Solana get implemented?...Become more sophisticated and shoot for good markouts on your fills 2.
24 Min
Spot Exchange
Jul 2025
Axie Part 2 - Gamer Economics
SLP supply peaked at 584mil on 29th May and had a short period of deflation....On 28th June it stood at 484mil, a 100mil(-17%) supply decrease in 30 days....Small Love Potion (SLP) has seen a significant growth in price of +712% YTD as of June 28th....Axie floor prices increased from 0.03 ETH to around ~0.066 ETH, and MEO 2 Axie prices rose from 0.084...
9 Min
Games
Jul 2021
Layer 2: Rollups
In this report, we look at how the Layer 2 ecosystem is shaping up and dive into the varying rollup solutions...In order to unlock the next phase of growth, the scaling torch has been passed over to Layer 2s, led...
1 Min
Infrastructure
Dec 2020
Total Liquidity Processed by Solana Plummets
On this day, $2.4B worth of SRM liquidity was processed, accounting for 73% of the daily liquidity processed...on Solana....The number of daily active wallets on Solana is down 29% as well....fund managers on there who heralded Bankman as Jesus Christ himself. – Hsaka (@HsakaTrades) Dec 05, 2022...
4 Min
Layer 1 / L1
Dec 2022
Solana Sees Resurgence in 2023 With Rise in Active Wallets
Today, we take a look into Solana’s 2023 resurgence while our Research team examines the notable trends...📊 Solana Sees Resurgence in 2023 With Rise in Active Wallets Since the beginning of 2023, total...During the same period, total non-vote transactions on Solana have also increased 46% from $28M to $41M...
4 Min
Layer 1 / L1
Jan 2023
The Shift to Layer 2: A Potential Disruption Catalyst for the AMM Ecosystem
...and then encourage liquidity providers to move over from the main pool to the layer 2 equivalent....Ideally a user executing a swap on the ETH-USDC pool on Unipig (Uniswap fork on the Optimism layer 2)...Ideally as a user, regardless of whether interacting with the ETH-USDC pool on layer 1 or on layer 2,...
5 Min
Layer 2 / L2
Nov 2020
Sanctum: Solana's Overlooked Fundamentals Play?
Rather than deactivating the stake account and wait 2-4 days for SOL, users can trade an LST for SOL...With ~$2.3B TVL, Sanctum is already the fourth largest DeFi protocol on Solana....In aggregate, the Sanctum LST umbrella is the 2nd largest LST....Over 70% of SOL is already staked, compared to just 29% on Ethereum.
10 Min
DeFi
Jul 2025
Infrastructure
Jun 2019
Yuga Labs Acquisition, Solana NFTs, & Tatsumeeko
...into the implications of this: This is a bold move by Yuga Labs that puts it at the helm of the top 2...Xeno Infinity (Phase 2) is the digital avatar for use within the MultiverseVM universe, allowing you...Phase 2; the mint date will be announced shortly after the commencement of the alpha launch....Top News The Sandbox Game launches Alpha Season 2 to the public.
12 Min
NFTs
Mar 2022
Sizing The Bet: Next Gen Solana Perp DEXs
Layer 2) with ZK proofs shines on latency and zero-fee potential, Drift’s L1 looks limited due to the...I think ZK technology was overhyped in 2021/22, but it’s now proving those step-function improvements...costs stay de minimis, and size sticks when everyone’s slamming the same button, Bullet’s expected ~2ms...
21 Min
Perpetual Futures
Oct 2025
Finding the Fun in Fundamentals #2 - Wemade
From 2019 to 2024, gross revenue grew from ₩113.6 billion ($87 million) to ₩711.9 billion ($547 million...However, even after recording a ₩308.1 billion ($237 million) net profit in 2021, the company posted...steep losses in 2022 and 2023, at -₩185.8 billion (-$143 million) and -₩206.7 billion (-$159 million)...
18 Min
Gaming
Jun 2025