Best Solana Projects to Watch in 2024
Explore the top Solana projects with insights for crypto enthusiasts. Discover DeFi, games, and emerging innovations.
Solana Overview
Solana’s been making waves in the crypto world, thanks to its lightning-fast transaction speeds and a bustling DeFi scene. Let’s break down what makes Solana a standout choice for traders and investors alike.
Speed and Scalability
Solana’s claim to fame? Speed. We’re talking up to 50,000 transactions per second (tps) right now, with the potential to hit 710,000 tps as more validators hop on board. That’s like going from a bicycle to a rocket ship.
| Metric | Value |
| Transactions per Second (tps) | 50,000 – 710,000 |
| Transaction Fees | Fractions of a cent |
As more validators join, the network gets even faster. Plus, the transaction fees are so low, they’re practically invisible. We’re talking fractions of a cent here, making it super cost-effective for developers and users alike. That’s one of the reasons to have your Solana wallet locked and loaded for any transaction on the Solana blockchain.
DeFi Wonderland
Solana’s DeFi ecosystem is no joke. It holds about 4% of the total Total Value Locked (TVL) in DeFi, which translates to a cool $3.05 billion. That’s a hefty chunk of change, putting Solana on the DeFi map in a big way.
| Metric | Value |
| Solana’s Share of Total TVL in DeFi | ~4% |
| Total Value Locked (TVL) | $3.05 billion |
Some of the big names in Solana’s DeFi world include Raydium and Audius. Raydium boasts the highest TVL at $27 billion, offering services like lightning-fast swaps, top-tier liquidity, and seamless yield. Audius, a Web3 music platform, jumped ship from Ethereum to Solana to take advantage of its speed and scalability.
With such a vibrant ecosystem, Solana keeps pulling in innovative projects, making it a hotbed for DeFi applications. If you’re into crypto, Solana’s definitely a network to watch.
Top Solana Projects
Curious about the hottest projects on the Solana blockchain? Let’s dive into three standout stars: SolFarm (Tulip Protocol), ORCA Decentralized Exchange, and Star Atlas Blockchain Game.
SolFarm (Tulip Protocol)
SolFarm, or Tulip Protocol if you’re feeling fancy, is all about squeezing the most juice out of your crypto. This yield aggregation platform on Solana helps users rake in the returns. They snagged $5 million in a private token sale, thanks to big names like Jump Capital and Alameda Research.
| Metric | Value |
| Market Cap | $819,573 |
| Circulating Supply | 815,206 TULIP tokens |
TULIP, the platform’s native token, is your ticket to staking and earning more yield.
ORCA Decentralized Exchange
ORCA is where the magic happens for decentralized trading on Solana. This automated market maker (AMM) DEX is all about speed and low costs, without skimping on liquidity. The ORCA token rewards those who provide liquidity and gives them a say in governance.
| Metric | Value |
| Market Cap | $114 million |
| Token | ORCA |
With its slick interface and efficient trading, ORCA is a hit among DEX users.
Star Atlas Blockchain Game
Star Atlas isn’t just a game; it’s an adventure in the cosmos, powered by Solana. This multiplayer exploration game blends blockchain tech with a space-age theme, offering a truly immersive experience. It runs on two main tokens: $ATLAS and $POLIS.
| Metric | $ATLAS | $POLIS |
| Trading Price | $0.004867 | $0.27 |
| Market Cap | $76 million | $68 million |
$ATLAS is your in-game currency, while $POLIS lets you have a say in the game’s governance.
These top Solana projects highlight the cool and varied ways blockchain tech is being used on Solana.
Cool Projects Jumping to Solana
Some big names have made the switch to Solana, taking advantage of its lightning-fast transactions and ability to handle loads of activity. Here’s a look at a few of them:
Audius Music Platform
Audius, a Web3 music platform, started on Ethereum but needed more room to grow. After checking out over 20 different scaling options, they found Solana to be the best fit for their needs.
| Platform | Started On | Now On | Why the Move? |
| Audius | Ethereum | Solana | Needed more scalability |
Raydium DeFi Project
Raydium is a DeFi project that’s now the top dog on Solana, with a whopping $27 billion in Total Value Locked (TVL). It offers super-fast swaps, top-notch liquidity, and easy yield farming. Solana’s speed and lower costs give Raydium a big edge over Ethereum-based DeFi projects.
| Project | Blockchain | TVL (Total Value Locked) | Cool Features |
| Raydium | Solana | $27 billion | Fast swaps, great liquidity, easy yield farming |
StepN Move-to-Earn Project
StepN is a Move-to-Earn game on Solana where you earn tokens by exercising with NFT sneakers. It uses two tokens: GST (Green Satoshi Token) for in-game stuff and GMT (Green Metaverse Token) for customizations and premium content.
| Project | Blockchain | Token Model | Key Features |
| StepN | Solana | GST and GMT | Earn by exercising, NFT sneakers, premium content |
These projects show off why Solana is a hot pick: it’s scalable, fast, and cost-effective, making it a go-to for cutting-edge blockchain projects.
Cool Solana Projects You Should Know About
Star Atlas Metaverse
Star Atlas is a new multiplayer game on the Solana blockchain. Think of it as a mix of space exploration, role-playing, and strategy. It uses two main tokens: $ATLAS and $POLIS. $ATLAS is the in-game money, while $POLIS lets players have a say in game decisions.
Right now, $ATLAS is priced at $0.004867 with a market cap of $76 million. $POLIS is at $0.27, with a market cap of $68 million.
| Token | Current Price | Market Cap |
| $ATLAS | $0.004867 | $76 million |
| $POLIS | $0.27 | $68 million |
Star Atlas aims to give players a rich, immersive experience, combining space adventures, role-playing, and strategy, all on a decentralized platform.
Tulip Protocol Yield Aggregator
Tulip Protocol is a big name in yield farming on Solana. It has over $12.5 million locked in, offering various vaults and pools from Raydium, Orca, and Saber.
Tulip Protocol helps users get the most out of their investments, with some yields going up to 350% APY.
| Metric | Value |
| Total Value Locked (TVL) | $12.5 million |
| Highest APY | 350% |
With such high returns, Tulip Protocol is becoming a favorite for crypto traders and investors looking to boost their earnings on the Solana network.
