Popular crypto KOL Jason from A Chain of Blocks shares with his subscribers 5 Solana projects with great fundamentals to explode.
Serum (SRM)
First on the list is Serum Project, which is a decentralized exchange and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance. It is built on Solana and is completely permissionless.
“As being built on Solana, Serum offers sub-second trading and settlement, with an on-chain order book and extremely low gas fees.”
Moreover, the trader points out that recently Serum has become the latest project in Bankman-Fried empire:
“Whatever this guy touch, it turns turning to gold, whether it’s FTX exchange, whether it’s the FTT token. And now he’s involved in Serum and its token SRM,”
Raydium (RAY)
Next is Raydium, a DeFi application that works as an on-chain order book AMM to power the evolution of DeFi.
Unlike many other AMM platforms, Raydium provides on-chain liquidity to a central limit order book. That means that the users and liquidity pools of Raydium can access the order flow and liquidity of the entire Serum ecosystem and the other way around.
“Interestingly, as the platform progresses, it aims to partner with other DeFi and AMM communities and provide support to build out their products on Solana. That will make sure that more liquidity is added, and more and more DeFi protocols will be brought to the Solana ecosystem,” the trader says.
Media Network (MEDIA)
The Media Network is an open-source, decentralized, and censorship-resistant live streaming hosting protocol.
It is a new protocol that bypasses traditional CDN providers’ centralized approach and instead offers a decentralized P2P bandwidth market, enabling anyone to participate and serve content without introducing any trust assumptions or pre-authentication requirements.
Audius (AUDIO)
Audius (AUDIO) is a cryptocurrency project that is looking to cut all the middlemen out of the music industry and replace them with its decentralized AUDIO hosting and streaming protocol.
A few weeks ago, the project made a huge partnership with Tiktok, igniting a rise in market cap to over 1 billion dollars.
Star Atlas (ATLAS)
Last on the list is Star Atlas (ATLAS). Star Atlas is developing a unique gaming experience by combining blockchain mechanics with traditional game mechanics.
According to the analyst, Star Atlas embraces the potential of decentralized self-sovereign ownership of assets permitted through the implementation of blockchain into asset ownership and NFT marketplaces.
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