Solana is a general-purpose smart contract platform that launched its mainnet in 2020 and is now focused on the DeFi space. In 2021, the project started actively working on ecosystem expansion and significantly grew in capitalization.
Even though it entered a saturated market Solana was able to establish a competitive advantage. The project features fast transactions along with a decent user and developer experience.
On top of that, Solana has support from many well-known backers in the crypto industry and plenty of resources for ecosystem expansion.
So far, the team’s approach has been professional and efficient. If it does not change, Solana will take one of the leading positions in its space. Thus, the project receives a grade of B.
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Convex’s business model is built on Curve, a DeFi blue chip that continues to be one of the market leaders. It repackages Curve’s governance into a liquidity bootstrapping product that is already being used by projects like Abracadabra and Alchemix, and there is potential for more projects using it down the line. Ergo, Convex is one of the few examples of business-to-business models in crypto.Read full report
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