1Crypto Sheep🟣

Timeline is panicking again - but what’s actually happening on Solana? Let's check 1. Solana Defi TVL is at $9.93B, we hit ATH in September and most of the drop is likely attributable to $SOL price being down 2. Product wise, @solana defi has never been stronger, only ethereum (defined as anything that settles to ethereum) is currently deeper. We have novel new perps, propAMMs doing more volume than uniswap, unruggable ICOs, amazing infra for businesses etc.. Fixed yield: @ExponentFinance Perps: @bulktrade, @FlashTrade, @DriftProtocol, @bulletxyz, @ranger_finance Credit: @kamino, @Loopscale, @project0, @0xfluid Stables (Collateralised / LST-Backed): @hylo_so, @solsticefi, @perena, @WesternUnion (soon) LSTs: @sanctumso, @MarinadeFinance, @jito Governance: @MetaDAOProject DEX / PropAMM: @humidifi, @DeFiTuna, @omnipair, @byreal_io Swap Agg: @Titan_Exchange, @dflow RWAs: @orogoldapp, @Figure, @onrefinance Business: @multisig, @altitude Prediction markets: @JupiterExchange Wallets: @solflare, @phantom, @jup_mobile Payments / Cards: @avici, @KASTxyz, @GetPyra Privacy: @UmbraPrivacy, @Arcium SoV: @ore Consumer Yield: @DeFiCarrot, @uselulo Incubator: @colosseum Hardware: @solanamobile, @unruggable_io 3. Chain development is blazing fast, Alpenglow is set to maintain Solana's position as the most performant L1 with 100-120ms settlement. MCP is the grand vision! 4. Inflation reduction discussions are picking up pace, which could further energize $SOL defi. 5. Metrics. Solana vs Eth: More fees, higher revenue, waaaay more transactions, higher dex volume, and 20% of the size in mcap Source: artemisxyz 6. Breakpoint next month, every team I talk to is queueing announcements for BP, should be cinema. So yeah, seems like the sky is not in fact falling. That being said... Job's not done. p.s. list is not exhaustive, space is just too big