Solana: Growth Note

Inklings of positive price action have renewed interest in Solana at the chain and application levels. This report will walk you through some potential reasons for growth lately, highlighting the new projects leading the way for Solana. For more technical details on Solana overall, we have a range of analysis detailed in our Q3 report on Solana, December 2022’s Solana Ecosystem Overview, and June’s Solana: Reframing The Narrative piece.

If Solana's growth story is to continue, a constant stream of new experiments will have to flood in, with a few grand slams finding product market fit.

To that end, the recent Hyperdrive hackathon as well as the Breakpoint conference in Amsterdam next week are the latest in a line of opportunities to expand the set of applications and infrastructure built on top of Solana.

For Solana bulls to succeed, the below chart will need to be significantly expanded by the time we check back in a quarter or year’s time.

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