@0xINFRA@bankrbot What’s your take on decreasing volumes hitting harder this project? Are the new products and partnerships really bringing volume up? Is the current buback strategy enticing to investors?
What’s interesting about these results so far is I see CX as the gathering place for crypto-proselytizers, which then spreads to the masses & capital allocators. CX being overweight $SOL tells me a lot more virus spreading is ahead - but please RT so we can better canvas CX.
.@solanamobile is more important than ever. If you want the duopoly to be open to this kind of UX for any blockchain, a 3rd mobile App Store ecosystem needs to be eating their lunch. Otherwise they will fight open web payments with tooth and nail.
🚨BREAKING: Solana co-founder @toly tweeted following the Blinks launch on Solana “Despite what some industry leaders want you to believe, you don’t need a layer-2 to blink. You can just blink naturally. Try it right now!”.
All you need to take away from this:
- Solana teams ship cool useful tech to prod, fast
- Solana has insane mindshare
- Firedancer is coming
- Solana is accelerating
Brick by brick
SOL is once again out of favor
“It’s only a meme chain and memes are dead”
1. Memes are here to stay
2. Consider why memes thrived in Solana. What about DePIN and DeFi? Phantom? Right let’s ignore that
See you in the order books lads
Read a lot of midcurve debates on the new Solana zk Compression...Merkle trees...blah, blah, blah, roll ups.. blah, blah, blah... L2!.. blah blah blah.
Left curve take is easy...
MOAR Scale. MOAR Cheap.
And with Firedancer, MOAR fast.
This is a BIG step change $SOL
And fire in the hole, the big Solana breakthrough is here! 🔥🚀 The future of decentralized finance is looking brighter than ever with this game-changing tech. #Solana#Breakthrough
Everything has changed.
State Compression means more onchain blockspace for less. At Solana light speed.
With the roadmap already underway (#Firedancer is next) the economy running on Solana public network goes from billions to trillions in volume daily at light speed.
A new internet. Read my thesis again.
@toly the developers all around the world, out of their own initiative, are realizing the vision of a single state network.
https://t.co/mwGIHDvODJ
Compression on Solana solves one of the key pain points faced by institutions and mass-consumer applications: the cost of on-chain account storage.
Generalized compression brings the same cost-savings to tokens and accounts as cNFTs did to NFTs before 💪
If you’re a business who wants to bring 450 million users on chain with tokens, that could cost tens of millions of dollars to reserve that account space. Thanks to generalized compression, that cost is now just $~25k
🚨LATEST: @JupiterExchange integrates @GetOnramper, an onramp aggregator featuring @stripe , for quick and easy access to crypto with the best prices. The widget is live now with reduced fees for six months and no added fees from Jupiter.
the big news is here
today we're introducing ZK compression to Solana, directly on the L1 — without requiring L2s
this changes everything you thought you knew about Solana and scaling L1s
TL;DR — we compress onchain state to get 10,000x scale improvements and get 1 step closer to building The Financial Computer — an unstoppable, global, atomic state machine syncing at the speed of light
for non-technical folks
developers can now build and scale literally anything they want directly on Solana without needing to leave it
example cost difference
take an airdrop to 1,000,000 users
this today would cost over $260,000 for state alone
now, it's $50 — 5,200x cheaper
but a token account is just one example of this — *everything* on Solana is an account, meaning everything can be scaled
for technical folks
there are two costs on Solana — compute and state
Solana already has cheap compute — but state is expensive
allocating accounts, paying rent, and scaling with users have all been shown to be a massive roadblock for Solana devs
this is now fixed
and if you're a bit more technical, you'll know that state-growth is a major issue for scaling blockchains
well...with this you can compress all Solana state!
and this has further implications for hardware requirements and the overall performance of the entire network
this is just Day 1, there will be challenges of course (and we will overcome them, as we have done before)
you combine this, add in firedancer, multiple concurrent leaders, async execution and an ecosystem of thousands of insanely cracked devs — and we have a real shot at this crypto thing
accelerate