Ecosystem or Project Analysis

    Pick your favorite ecosystem or project and tell us why it’s your favorite using data! Compare or analyze any standard metrics, like activity (developers, users, trading etc), volumes (TVL, trading, mint, etc), active users, projects, and more. Demonstrate the value of your choice by sharing any standard metrics you find interesting.

    The high speed, low fees, and pleasure of trading in Solana are so attractive to me that this ecosystem is one of my favorite ecosystems.

    Introduction

    Before I announce my favorite ecosystem, I prefer to introduce the general working routine of blockchain first so: How a blockchain ecosystem works At its most basic level, a blockchain is a type of distributed ledger or database. It's distributed across various blockchain nodes, and it's completely decentralized, meaning there's no single entity controlling it. The data is stored in blocks that connect to each other, hence the name. The elements that make up and contribute to the blockchain are its ecosystem. Elements that you'll find in any blockchain ecosystem are:

    1. Developers: The parties who build and update the blockchain network.
    2. Nodes: Devices that run the blockchain's software and keep an up-to-date history of its transactions.
    3. Miners/validators: Participants in the blockchain's transaction validation process. A blockchain can have either miners or validators, depending on the validation system it uses.
    4. Stakeholders: Holders of the blockchain's native cryptocurrency. This includes people who have bought it as a cryptocurrency investment and who plan to use it for payments. With some blockchains, stakeholders have the right to make and vote on proposals, giving them a say in its future.

    References: https://www.fool.com/

    Solana

    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.

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    User Info

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    Transfer

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    Volume Info

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    Conclusion

    The general trend of my favorite ecosystem in the last 90 days has been a downward trend, and this trend does not only include this ecosystem, what can be seen is the good performance of ABC and DeGods in the system. about DeGods we can say The DeGods collection has completely dominated the Solana network and has had more transaction volume than any other collection on this blockchain. This collection is now planning to move to the Ethereum network and it seems that an investor is very interested in this collection!

    Sale Info

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    Top 10 info

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    Key Point


    1. total users are 153k in last 90 days
    2. The most users are related to 05/01/2023 (6.19k)
    3. The general trend of user registration is a declining trend

    Key Point


    1. total users transfer are 439k in last 90 days
    2. The most Transfers are related to 05/01/2023 (9.8k) and 14/11/2022 (9.4k)
    3. The general trend of user transfers is a declining trend

    Key Point


    1. total volume is 2.73B in last 90 days
    2. The notable points that have strongly influenced the cumulative chart are the expressions: 22/11/2022 - 19/12/2022 - 21/01/2023 and 25/01/2023
    3. The general trend has been fluctuating and has many maximum points, but compared to the beginning and end of the period, it can be said that we have had almost the same downward trend with very little intensity.

    Key Point


    1. 16/01/2023, we have had the largest amount of sales, which is related to ABC
    2. The first place with the largest sales volume is DeGods and the second place is ABC
    3. ABC has the highest count of sales, followed by Okay Bears in second and Transdimensional Fox Federation in third.
    4. The highest count of sales is related to 16/01/2023 and ABC is the reason for this increase