SOLANA: Unique Solana Programs

    SOLANA: Unique Solana Programs

    The content below will show the number of unique programs used per day since the beginning of January, programs that are the most popular, what programs seem to be gaining in popularity since the beginning of January, and whether there is development in the bear market?


    Number of Unique Programs Used Per Day since the Beginning of January

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    For this analysis, we are able to query all the programs ID that’s been used since January 2022. The way we analyze is by counting all the unique programs ID that appear in a single day.

    From the chart, we could see that the total program IDs per day are increasing as time goes by. It started off with just only 390 program IDs per day, and on the 4th of July, we have 1067 program IDs in the Solana network.

    The other line is to show the total program IDs per day that has a name in the database. This means that by counting program IDs only, we might count in unknown program IDs as well. If we look at the data, the first half of the data could be seen with a higher number of program names and the second half of the data is somewhat lower than the first half. But the number of the program would be within the range of 50-60 per day.


    The chart above is analyzed by counting the most transactions that have interacted with each program ID. The top 5 that we are able to get are Serum DEX V3, Mango Markets, System Program, Raydium Liquidity Pool V4, and Token Program. Serum DEX is a decentralized exchange on Solana where it has 1.55 B of transactions. The next one would be Mango Markets, which is a trading platform on Solana with 1.51 B of transactions. The next one would be the System Program, which has 815 M of transactions. The 4th place would be Raydium Liquidity Pool V4, I reckon this program is for users to interact with the liquidity pool on Raydium, it has 807 M transactions. The final place would be the Token Programs, with 375 M of transactions.


    For me, the bear market period is on the 25th of April when Solana's price gets to 95 USD. During that period onwards, there is no new program name that appears except for Solana Phone Preorder. There is a total of 2660 transactions made across this program. This is because Solana made launched SOLANA SAGA during the bear market period.

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    Programs that have been Gaining Popularity Since January 2022

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    From the trend above, we could see that only Serum DEX V3, Token Program, and Mango Markets that’s been slowly gaining popularity. We could see that these 3 are even gaining popularity in the bear market period. Serum DEX V3 started with 11.2 M transactions per day and on the 4th of July, it has 17.9 M transactions. Token Program started with 1.9M transactions, and now it has 2.3 M transactions. Mango Markets start with 3 M of transactions and now it has 17.7 M of transactions.


    Development in the Bear Market Period

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