The famous crypto channel counted 5 Solana projects, which it expects massive growth. Widely followed crypto channel Altcoin Buzz shares with its subscribers the top 5 potential Solana ores that are expected to explode and pump to the moon. Detail cryptocoin.com‘in.
5 Solana-based projects
The first of these altcoin projects is Star Atlas (ATLAS & POLIS). A notable game project in Solana is Star Atlas. According to traders, Star Atlas is expected to be the next game project to beat Axie Infinity. In the crypto strategy channel report: “Star Atlas is one of the few games that promises to provide AAA gaming experience in the blockchain environment. In other words, Star Atlas can be described as a combination of the gaming industry and NFTs using the concept of the metaverse.” According to the statement, the project is to encourage monetization of time spent in Star Atlas, with real economic benefit, just like Axie Infinity. The crypto analyst says: “For time spent in-game, players can collect rare NFTs and sell them for money on the Star Atlas marketplace.”
Raydium (RAY) is the second altcoin project. Next on the list is Raydium (RAY), an automated market maker and liquidity provider built on the Solana blockchain for Serum decentralized exchange. Altcoin Buzz highlights that Raydium has the highest TVL in Solana. It is emphasized that Raydium helps solve the current 2 major problems of AMM DEXs and DeFi protocols: accessing liquidity only within their pools and network congestion and high gas fees.
Orca (ORCA) is third on the list
Orca (ORCA) is another of the best projects on the radar of the trader based in Solana. This Orca is a pure AMM DEX on Solana with liquidity pools, another DEX where TVL has exploded in the last two months and has surpassed US$1 billion. Orca has both yield farming program and bartering features. Also, Atlcoin Buzz emphasizes that Orca has no plans to include Serum Raydium liquidity: “They expect liquidity to increase over time as more features come to Orca. It’s inspiring to see what these features are going to be in the future.”
Mango Markets (MNGO) is the fourth project on the list. Mango Markets (MNGO), a decentralized cross-margin trading platform whose TVL is booming. Mango Markets enables users to leverage up to 5x with lightning fast network speed and near zero transaction costs. The trader points out that the platform offers a variety of products, including Spot Market offers. Mango Market protocol provides liquidity from its pools and Serum; this means that users may hardly encounter liquidity problems. It was also announced that Mango Markets is about to announce some exciting return opportunities and some NFT drops.
Oxigen (OXY) is the last project we will look at. Last on the list is Oxigen (OXY), a liquidity protocol built on Solana that brings Wall Street style to a decentralized environment. Crypto report: “Inspired by the primary brokerage available in traditional financial markets like Wall Street. It connects the various market participants and enables them to enter an efficient market and take leveraged positions.” However, Altcoin Buzz notes that TVL has been flat on OXY over the past few weeks as other projects in Solana are generating more interest.
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