Deep Dive
Why is Solana's transaction volume significant?
Solana processes 30-40 million transactions per day, which is 3-4 times the volume of all other chains combined. This high transaction volume is a key selling point due to its cheap and fast transactions.
What is the current price trend of Solana?
Solana's price has been fluctuating but has shown support around $30. Last week, it dipped to $28 but quickly recovered to the $30s, indicating a 14% gain.
How does Solana compare to Ethereum in terms of price?
Solana has lost 2% against Ethereum this week, which is relatively flat. The comparison is useful as Ethereum is considered the gold standard in the crypto space.
What are some notable NFT projects on Solana?
Notable NFT projects include Brains and Zombies, Meta Tattoo Club, and Cyber Frogs. Cyber Frogs, in particular, faced initial issues but have since thrived with a strong community.
What is the Degenerate Trash Pandas project about?
Degenerate Trash Pandas allows users to trade NFT traits on-chain. This project is seen as early and promising, with potential to influence other NFT projects.
What is the FUD surrounding Solana?
Some FUD includes developers moving to Aptos and potential disappointment at Breakpoint. However, the speaker believes the excitement leading up to Breakpoint will outweigh these concerns.
How is Aptos affecting Solana's NFT market?
Aptos has seen some successful NFT mints, potentially stealing market share. However, the volume on Aptos is not sustainable, and funds seem to be returning to the Solana ecosystem.
Shownotes Transcript