What is Solana Defi ecosystem?

Solana DeFi Ecosystem DeFi is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries. We have 244 DeFi projects listed and 6 of them built on Solana.

What is Solana and how does it work?

Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.

What is the Solana protocol?

The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.

How many Defi projects are there on Solana?

We have 202 DeFi projects listed and 12 of them built on Solana. Phantom is a wallet and browser extension that can be used to manage digital assets and access decentralized applications on the Solana blockchain Step Finance is a dashboard for Solana blockchain that let you visualize, analyze, aggregate, and execute transactions.