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Top 5 Solana Ecosystem dApps Making a Mark for Themselves

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Solana ecosystem has observed strong growth and has a market cap of over $76.6 Billion.

JITO

JITO is Solana’s first liquid staking service provider, distributing MEV rewards to its holders. The Jito Stake Pool empowers users to stake their Solana tokens in exchange for a liquid stake pool token (JitoSOL). JitoSOL delivers high rewards with a decentralized validator set.

Source:  JITO UAW by DappRadar

JITO has a TVL of 10.6 Million SOL, an APY of 8.06%, and a total of 91547 holders. It also helps unlock your staked SOL’s liquidity to use across DeFi. It also enables Solana to run more effectively and earn MEV rewards. 

The last 30 days have seen a 45% decrease in the unique active wallets engaging with the dApp. Meanwhile, the number of transactions is around 146k, which has declined by 4%. 

The overall volume of the platform has been observed to gain 8% in the intraday session, which is nearly $1.16 Billion. The platform is currently seeing strong growth and can expect strong traction in the future.

Jupiter Exchange

Jupiter is one of the key liquidity aggregators for Solana, offering the best range of swap experience and a range of perpetual. It has the best swap aggregator and infrastructure for the Solana ecosystem.

Source: Jupiter Dapp By DappRadar

The number of unique active wallets interacting with dApp is 1.98 million, down by 8% in the last 30 days. Meanwhile, the total number of transactions between UAW and dApp’s smart contracts is 76.9 Million, with a gain of 28% in the last 30 days. 

Meanwhile, the overall volume of the dApp is $765 Million, which has decreased by 7% in the last 30 days. The similar dApps on the Solana blockchain are Paraswap, KiloEx, and others.

Solend

Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana. It is the autonomous interest rate machine for lending on Solana. 

One can earn interest and borrow 71 assets across 21 pools on the fastest, lowest, and most scalable DeFi lending protocol. It has a total assets supply of $354 Million, while the total assets borrowed are $76.9 Million.

SourceL DappRadar

The dApp has observed a decline of 47% in the number of unique active wallets interacting with it, which is currently near 45.96k. Meanwhile, the total number of transactions between active wallets and Solend is around 148k, with a gain of 15% in the last 30 days. 

The number of transactions between the Solend dApp and UAW is around $348 Million, with a decline of 19% in the last 30 days. This dApp’s overall balance in terms of fiat is $283 Million. Other similar dApps on the Solana blockchain are Defibox and Jojo Exchange.

Magic Eden

Magic Eden is one of the biggest and most liquid crypto exchanges with a community-centric approach. It lets the creators launch and sell their NFT while leveraging the platform’s features. 

The platform has been observing daily transactions of over $50 Million. Some of the most popular NFTs on the Magic Eden platforms are Mutantmon, BAYC, and Nodemonkes.

Source: Magic Eden

The total number of unique active wallets interacting with dApps is around 289k, which has also seen a surge of 8% in the last 30 days. Meanwhile, the overall volume of the transactions has surged beyond $32 Million. 

Recently, Magic Eden announced that they are also planning to go on Ethereum in the upcoming months. The rivalry between Magic Eden and OpenSea will decide who will dominate the NFT market.

Solcasino

Solana is one of the most promising blockchains present in the cryptoverse. It has some of the best dApps and casinos. One of the most promising casinos on the Solana blockchain is Solcasino. 

It is one of the top licensed casinos present in the crypto ecosystem. It supports over 25+ cryptocurrencies, including BTC, ETH, and BNB. One can enjoy over 9000+ casino games on the platform, including live dealer games, sports books, futures trading, and much more.

Source: SOLCASINO

It has a total of 9.05k unique interacting wallets with the DApp, and a decline of 9% in the last 30 days has been observed. Meanwhile, the volume of the dApp has seen a rise of 11% in the past month and is near $10.66 Million. Some similar dApps on the Solana blockchain are Endblock, Hunnyplay, JuicyBet, and many more.

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