Hello everyone! I am Ahan from the direction community. Today I would like to introduce to you Bome on the solana ecological chain.
Recently, as the Meme currency field continues to flourish, its transaction volume on the chain has increased significantly. Especially between March 2 and March 5, the transaction volume soared from US$4.8 billion to US$11.5 billion, of which more than 1 /3’s trading activities focus on the Solana ecosystem.
Since November 2023, the DEX market share in the Solana ecosystem has achieved significant growth, jumping from 6% to approximately 30%. The main driving force behind this growth comes from two aspects: first, the reduction of transaction costs on the Solana platform, making it easier for users to participate; second, the potential airdrop activities of DEX aggregator Jupiter, attracting users to expect to gain through more frequent transactions More airdrop rewards. It is worth noting that the rise of meme coins has played a central role in driving the rise in DEX usage, especially those tokens that have not yet been listed.
In the Solana ecosystem, despite the sharp decline in the overall market, many of its tokens have risen against the trend, reflecting the strong resilience of the ecosystem. In particular, previously strong currencies such as WIF, BONK, JUP, JTO, and PYTH, as well as the recently popular BOME, issued by Pepe Meme artist Darkfarm, have triggered huge wealth effects that are almost comparable to last year's popular projects.
The capital behind the Solana ecosystem has recently shown strong momentum, activating the entire ecological environment through vigorous promotion and capital investment. However, this model is strikingly similar to the ICO boom of that year. The successful cases of a small number of people are used to attract more investors to participate, thus driving the enthusiasm of the entire market.
Looking back at the major star currencies during the ICO period, such as EOS, BTM, SNT, etc., although they attracted huge amounts of funds at the time, they could not escape the fate of decline in the end. Comparing the current fundraising status of various projects in the Solana ecosystem, one cannot help but wonder whether the same mistakes will be repeated.
Therefore, when pursuing Solana and its on-chain projects, everyone should look to a broader perspective and strictly control their positions. Without wise position management, chasing highs is often accompanied by risks. When new coins are listed, there are always unknown risks hidden, so it is particularly important to invest rationally and act cautiously.
Okay, that’s it for today’s sharing. I hope it can be helpful to everyone’s investment. See you next time!
