What types of projects can be built on Solana?

As Solana is a high-performance layer one blockchain, similar to Ethereum, any type of project can be built on Solana. Solana supports DeFi lending projects like Tulip, DEXs like Serum, Automated Market Makers (AMMs) like Raydium, Cross-margin trading platforms like Mango, Phantom is a Solana ecosystem DeFi wallet that supports NFTs and Staking.

Why is Solana a good platform?

Since the launch of the network’s mainnet in March 2020, many interesting and viable Solana projects have been launched on the network. The hundreds of projects on Solana choose this platform because it is a scalable blockchain solution with cheap transaction fees.

What are the Solana Docs?

The Solana docs describe the Solana open source project, a blockchain built from the ground up for scale. They cover why Solana is useful, how to use it, how it works, and why it will continue to work long after the company Solana closes its doors.

What is the Solana Foundation?

The Solana Foundation is based in Geneva, Switzerland and maintains the open source project. Why Solana? It is possible for a centralized database to process 710,000 transactions per second on a standard gigabit network if the transactions are, on average, no more than 176 bytes.