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    The Launch of Shadow Cloud

    Shadow Cloud, developed by GenesysGo, is a decentralized data storage network built on the Solana blockchain. This platform enables users to access permanent or mutable storage options by utilizing the $SHDW token. Built on the Solana blockchain, Shadow Drive proves to be a suitable choice for web3 projects with data storage requirements, especially for managing NFT collections. Moreover, several other projects are currently exploring its potential to expand its applications to various data storage needs across different domains.

    Introduction
    Solana Blockchain
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    Solana is a blockchain platform designed to host decentralized, scalable applications. Founded in 2017, it is an open-source project currently run by Solana Foundation based in Geneva, while the blockchain was built by San Francisco-based Solana Labs

    Solana is much faster in terms of the number of transactions it can process and has significantly lower transaction fees than rival blockchains like Ethereum. The cryptocurrency that runs on the Solana blockchain—also named Solana (SOLUSD) and using the ticker symbol SOL—soared almost 12,000% in 2021 and at one point had a market capitalization of over $66 billion, making it the fifth-largest cryptocurrency by this measure at the time.

    Despite its popularity, SOL did not escape the cryptocurrency bloodbath of 2022. By Oct. 3, 2022, SOL had dropped to about $11.71 billion in market capitalization. It also fell to ninth place in market capitalization.3 Learn more about Solana and what makes it unique among thousands of imitators.

    data : investopedia

    Shadow Drive is a product from GenesysGo and if you follow the web3 storage wars you will most likely be hearing a lot more about them soon. If you are more active in the Ethereum and EVM-compatible blockchain ecosystem you will most likely not have heard of this very interesting, decentralized, file storage protocol.

    Although in the future -GenesysGo envisions a complete Shadow ecosystem called the ‘Shadow Net’; they want to offer much, much more than just file storage.

    GenesysGO is a Solana-based blockchain infrastructure company that runs Remote Procedure Call (RPC) servers to aid Solana validators. They are better known these days for their innovative Shadow Drive.

    Decentralized file storage has been a bit of the holy grail for crypto since Early 2021. More recently file storage has been developed in the Arweave-style where you interact with Arweave’s blockchain-like system called the blockweave. They charge you a fee and will store your data forever -the rates do change a fair bit over time -whereas Amazon Web Services (AWS) charges a cheap lowest-tier price, but it’s per month.

    data : ascendex

    Shadow Cloud
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    Methodology

    We analyzed by using the solana.core.fact_transactions table and specific to the Shadow Drive address program as 2e1wdyNhUvE76y6yUCvah2KaviavMJYKoRun8acMRBZZ for looking at the transactions over time of their wallet using this program.

    And the address token of Shadow Drive, which must be paid for storage, is SHDWyBxihqiCj6YekG2GUr7wqKLeLAMK1gHZck9pL6y and the symbol of this token is $SHDW as well.

    However, we added two fields, which are composed of period and start_date.

    • period is the field for changing the period of time for charts that we created in this dashboard for easy and clear reading. and it consisted of the choices of day, week, and month.
    •  start_date is the field for identifying the date for pulling data at the start date that we set. In addition, we set the date to January 1, 2023 [ 01/01/2023].

    Lastly, we do not pull transactions from this address bot of this program, which is E9gtcGSYWNAUGEg9MT8fHBEWeEZWRia7EafbxvBGChxd, in order to only pull transactions from real users and get accurate transaction data.

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