Solana projects have really caught the eye of crypto enthusiasts. In fact, we must remember that Solana is a relatively new arrival in the field of cryptocurrency. It was officially launched in March. However, within such a short time, it has become one of the leading names in the crypto market. In fact, the time when it was launched, was also not a favourable one. Yet it went on to make its own name in the market. Therefore, Solana is indeed a success story worth telling.
We already know that March 2020 is the time when the COVID pandemic broke out across the globe. During that time, the economic and business sectors were the worst sufferers. However, Solana went on to defy all odds to make an impression instantly. In fact, it became one of the Top 5 currencies, by market cap. Then it made its way to the Top 10 list.
Moreover, within just three years it has successfully roped in a host of talented developers and thereby went on to support around 350 projects. Many of these Solana projects deal with Web 3, NETs and DeFi. Moreover, in 2021 alone, Solana’s native token’s value has soared by over $15,000. Therefore, all eyes are on the Solana projects of 2022. Keep reading this article if you wish to know more about the 2022 projects of Solana.
The Solana Projects of 2022
These are the Solana projects of 2022 that are worth a watch:
Nova is a programmable asset framework. It lets the users create their portfolios of crypto-assets, which in turn generate returns automatically through several mechanisms. In fact, Nova has been a winner of the 2021 hackathon by Solana. It is a decentralised management layer that aims to be earned from DeFi participation so far.
This Solana project is aiming to support a great range of networks and assets, with the view to providing maximum value to its users.
This Solana project is a unique combination of gaming, crypto and social elements. In fact, this is Solana’s maiden open-world VR metaverse. It features an immersive virtual world. It enables its users to craft and monetise mini-games. Moreover, the users can earn crypto rewards by clearing dungeons and completing quests.
In addition, they can also sell all their acquired and earned assets through the marketplace. In fact, Solice features a custom SDK, much unlike most of its competitors. This custom SDK enables to create their very own NFTs for use in the game.
The main idea behind this Solana project is to enable the users to earn rewards for interacting with their favourite businesses. On the other hand, businesses would be able to draw benefits from engaging and real loyalty programs. Therefore, Crowny works for both brands and end users.
This is essentially a mobile application, using which users can control the content type and deals that they wish to view. On the other hand, it also enables the brands to reach out to their target audience via QR codes, geofencing and push notifications.
4. Solana Projects: Ratio Finance
This project by Solana is aimed at enabling the investors to unleash the power of their Solana liquidity. Ratio Finance is effective in aiding those who want to earn better returns by leveraging locked LP in yield farms. CDPs in the form of a soft-pegged stablecoin, USDr, are the main concerns of this project. In 2022 UX improvements will be added to the program.
RaceFi will be the first ever AI/ML car racing game that is featured on Solana. In fact, it supports multiple racing modes like PVE, PVP and battle race. Alongside, it also provides the users with a chance of earning through in-game properties like showrooms, billboards, garages and race tracks. RaceFi will arrive in the second quarter of 2022 and will be injecting freshness and novelty into the metaverse sector.
6. Solana Projects: Aldrin
Aldrin is not just a slick DEX from Solana. It is much more than that. In fact, it has already passed $20 million in daily trading volume. It offers RIN, which will enable a user to receive a portion of fees generated by the platform. For those who would use order book DEX, there is also a reward system.
It is an RPC node and staking protocol, which is designed to lure developers away from other blockchains to Solana. This Solana project features automated scaling, secure reliable connections and in-depth analytics. The users can launch any DeFi protocol, virtually. You only have to select a plan after entering a user name and a password, in order to signup.
8. Port Finance
This Solana project is developed by a team of engineers from Facebook, Google and Microsoft. In fact, this non-custodial money market protocol has various features like fixed-rate lending, variable rate lending and interest rate swaps. The implementation of its baseline lending protocol is similar to Compound Finance on Ethereum.
In 2022, the developer will add leveraged trading using the Raydium AMM with one click, as well as expand support for leveraged yield farming.
9. Solana Projects: WhaleMap
This is a data-driven platform. It extracts raw bitcoin transactions from multiple nodes in real-time. Then it accumulates the information into a range of analytic tools to inform the perspective of investors. This Solana project offers a free membership, with an option to afford the deluxe package at $99 per month.
10. DeFi Land
DeFi land is yet another winner of Solana. It perfectly fits into the template of agriculture simulation. At the same time, it features certain gamified elements like play-to-earn and user-owned NFTs. In 2022, DeFi Land will feature an NFT land sale.
That is all about the top ten Solana projects to watch out for in 2022.