Q91. What does the average Solana user's portfolio look like and how has that changed over time? What % of a user's activity (in SOL terms) is staked, unstaked, in liquidity pools/farms, in NFTs? How has this trend changed since the start of 2022?
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What makes Solana unique?
The biggest draws of Solana are its fast and cheap transactions. It's reportedly able to handle 65,000 transactions per second, and the average cost per transaction is $0.00025.
Solana is able to do that because it uses proof of history, a unique algorithm to validate transactions. Most blockchains use either a proof-of-work or proof-of-stake consensus mechanism, with proof of stake being the more efficient option. Solana uses a hybrid protocol that combines proof of stake with proof of history for even faster processing.
As far as what Solana does, it's an open-source blockchain, which means that developers can use it in a variety of ways. Here are a few examples of what can be done on the Solana ecosystem:
Minting, selling, and trading non-fungible tokens (NFTs).
Developing decentralized finance (DeFi) platforms, such as decentralized crypto exchanges.
Building blockchain games, including Web3 games, and partnerships with big-name companies such as FTX, Lightspeed (NYSE:LSPD), and Forte.
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