Author: Jaden, Jill
1. Basic introduction
Solana is a PoH-based Layer 1 blockchain that features high energy efficiency, high transaction speed, and low fees. It was founded by former Qualcomm executive Anatoly Yakovenko in 2017. After the FTX crash, the price of SOL tokens and the entire ecosystem suffered a fatal blow. For more than a year, the Solana ecosystem has been in an extremely depressed state.
At present, the Solana ecosystem has restored its vitality, mainly for the following reasons:
1) The overall market recovery. According to Artemis data, on October 1, 2023, the market value of stablecoins in the blockchain market was 130B. In the fourth quarter of 2023, the market value of stablecoins increased to 135.5B. As of March 26, 2024, the number of stablecoins in the market increased to the current 156.5B. The market value of stablecoins on Solana increased from 883.9M to 97.5B, a growth rate of approximately 170,000%.
2) Multiple new projects appear in the ecological project, and potential airdrops attract users. Jupiter, the largest transaction aggregator on the Solana chain, announced in January 24 an airdrop of JUP to early users, Bonk airdrop to soga mobile phone holders, etc., as well as a series of new protocols in the Solana ecosystem, Drift Protocol, Backpack, Marginfi, magic eden. The currency has not yet been issued, which has aroused users' enthusiasm for interacting with new projects in the Solana ecosystem.
3) High performance has led to the prevalence of meme culture. As the price of ETH tokens rises, the interaction fee of the Ethereum chain is too high compared to other public chains and the second layer, prompting non-whale users to disperse to other chains. BONK, as the original meme token leader on Solana, reached a market value of $1.5 billion in mid-December, and the meme wealth-making effect on Solana began to spread.
2. Token situation
The total number of SOL tokens is 573 million, the circulation is 444 million, and the pledged tokens are 360 million. The current market value is 87.2 billion US dollars, which has exceeded the peak of the previous bull market.
3. Ecology
Solana's current TVL is $4.99 billion, and the ecosystem is in a stage of rapid recovery. It is only one step away from the TVL high of $10 billion in the last bull market. The number of daily active users and new addresses on the chain has continued to hit new highs since May 2022. Since March 2024, the number of active addresses is 37.43 million, and the number of new addresses is 27.84 million.
Source: the block
Meme
Meme, Chinese for "meme", is defined as "the basic unit of culture that can be transmitted through non-genetic means, especially imitation." In the Internet society, memes are considered to be viral culture , the form can be language, pictures, videos, behaviors, etc. The replication properties of memes should have three characteristics, namely inheritance, mutation and selection. After users voluntarily filter information, they copy and share the information they agree with. Information that is difficult to gain public recognition often fades out of the public's sight over time, thus realizing cultural inheritance and selection. In the process of communication, it should have the characteristics of re-creation, so as to realize the re-creation of culture. In addition, we also need to pay attention to the power of subconscious emotions. Only when enough transmitters fully add their own emotions and emotions can it be possible to achieve explosive results.
The top 100 meme tokens by market value are DOGE, SHIB, PEPE, WIF, FLOKI, and BONK. Except for the meme tokens on Ethereum, only Solana meme tokens are in the top 100 in terms of market value. In the meme culture of the blockchain, the "DOGE" dog culture can be regarded as the original cultural unit. SHIB and FLOKI are the re-creations of dog culture on the Ethereum chain, while BONK and WIF are the re-creations of dog culture on Solana. . The WIF community contains a broader community base, so it later surpassed BONK and became the meme leader on Solana.
Market capitalization (data taken from Coingecko; March 24, 2024)
Dogwifhat（WIF）
The dogwifhat meme was originally popular among players of Fortnite and Rocket League. On November 6, 2019, Fortnite professional player issa first set his Twitter profile picture to a photo of a Shiba Inu wearing a pink knitted hat. Twitter user @Vapurly commented "Dogwifhat" and later posted "Join dogwifhat" of Twitter content. Subsequently, a large number of influential celebrities successively used the image as their social media avatar, including Fortnite anchor Vraxito, Rocket League players Spoodah, nxtsabo, etc.
The Dogwifhat token was inspired by this image and launched in November 2023. On March 1, 2024, Robinhood announced that it would add support for WIF to its encryption platform. On March 2, Arthur Hayes, co-founder and CEO of cryptocurrency exchange BitMEX, tweeted that he was optimistic about WIF.
Bonk（BONK）
BONK was launched on December 25, 2022. As a Christmas gift to the Solana community, 50% of the tokens were used for airdrops. The project aims to challenge the dominance of VC tokens and oppose the token economics of low circulation and high inflation.
BONK tokens are highly accepted in the solana community, and are accepted as a payment option for NFTs by penBook and Orca platforms, and as an incentive for staking NFTs on platforms such as SolFarm and BonkStake. BONK is also expanding its influence further by airdropping Solana Saga encrypted phones.
Book of MEME（BOME）
Book of MEME is a CC0 meme library that can also be a decentralized social network, NFT that can link everything, and mini GIFs on the solscan network, published by Pepe Meme artist Darkfarm. The project originally planned to raise 500 SOL, but finally raised a total of 10,131 SOL. All SOL raised are added to the LP pool, providing good initial liquidity so that whales can easily participate in transactions.
Slerf（SLERF）
On March 17, Slerf released fundraising news through its Twitter account and successfully raised more than 50,000 SOL. Half of the funds raised will be used for pre-sale and the other half will be injected into the liquidity pool (LP). This approach is consistent with other fundraising methods. The rules of the MEME project are the same, and there is no outstanding point. However, on the 18th, the founder of the Slerf project @Slerfsol announced on
Myro
Named after Solana co-founder Raj Gokal’s pet dog Myro. MYRO holders can use the tokens to purchase limited edition Myro merchandise, including T-shirts, hats and sweatshirts. The project also hosts regular community events, including voice chats, forums and competitions to enhance community cohesion. The team chose to implement a 0% transaction tax on the token to ensure that users will not incur additional fees when making transactions. In addition to giving up contract ownership, developers also burn their LP tokens, further strengthening the decentralized nature of meme tokens.
WEN
WEN is a test issuance of meme tokens on the LFG Launchpad platform based on the Jupiter project.
The token allocation is: 70% is used for airdrops, and the airdrop targets include Jupiter users, Ovols NFT holders, blue chip NFT holders, Genesis Saga NFT holders, mockJUP test users, etc. 20% is used to build liquidity in DLMM; 10% is retained in the treasury, of which 0.75% of WEN will be given to Jupiter DAO and 0.25% will be given to the Jupiter team; after the airdrop application is completed, all unclaimed WEN will be destroyed.
DEX
Jupiter（JUP）
Introduction: Jupiter was launched in September 2021 as a DEX aggregator on Solana, aiming to provide Solana users with a better trading experience by delivering liquidity from multiple sources. Currently, it mainly provides four functions: transaction aggregation, limit orders, DCA/fixed investment, and Jupiter Start.
According to Coingecko's decentralized exchange trading volume ranking, Jupiter's 24-hour trading volume is only lower than Uniswap, ranking second, and has surpassed Uniswap several times in recent times. On the one hand, due to the popularity of the Solana ecosystem, the trading volume is extremely active, and on the other hand, due to its good liquidity, Jupiter has become the first choice for Solana users to trade.
Source: Coingecko
In order to let Jupiter community members and users know more about new projects in the Solana ecosystem, Jupiter launched the Jupiter Start business. One of the key functions is the Launchpad Launchpad (LFG), which is now the only active self-contained launcher on Solana. Taiwan’s DEX. Currently, LFG Launchpad has opened its first round of voting on March 7, and can issue tokens for supported candidate projects. The first-round candidate projects are Zeus Network, SharkyFi, and UpRock. Zeus Network has confirmed that it will launch LFG Launchpad.
In the voting process designed by Jupiter DAO, JUP holders obtain voting rights by locking JUP tokens and actively vote on proposals and LFG candidate projects, with no minimum pledge limit. There is a 30-day cooling-off period for the unlocking of pledged tokens. During this period, you can still participate in voting, but your voting rights will gradually decrease.
Jupiter plans to distribute 100 million JUP tokens and 75% of launchpad fees to stakers. According to Jupiter DAO historical data, 22,000 wallet addresses and approximately 240 million tokens have been pledged in the first round of voting (March-June). This time there are 50 million tokens and other Launchpad fees (including 7.5 billion WEN) will be put into distribution, and another 50 million will be used in the next quarter, which means that the JUP first round (90 days) staking return rate can reach at least 84% (0.5/2.4/90*100%*365).
Source: vote.jup.ag
Moreover, Jupiter has specially established Jupiter Labs for incubation infrastructure. The products currently tentatively planned to be launched are derivatives DEX and LSD stable currency. Labs is independent of Jupiter and will eventually operate independently. Derivatives Perps is similar to the GMX V1 protocol. It has launched a beta version and supports three assets: SOL/ETH/WBTC. The most active SOL trading pair has a 24-hour trading volume of 200 million U.S. dollars. It is enough to see that driven by Jupiter, Jupiter Labs has attracted More market users and funds. The stablecoin protocol XYZ has not been launched yet, and users can mint the interest-bearing stablecoin SUSD by staking SOL.
At present, Jupiter has aggregated most of the transaction volume on Solana, and with the support of its huge user traffic and project resources, Jupiter Start and Jupiter Labs can promote the improvement of Jupiter and Solana ecosystem, and can form a certain degree of The linkage effect further expands Jupiter’s market potential.
Team and Investment:
The main members of the team are Meow and Ben Chow, who founded Jupiter in May 2021. At the same time, they are also members of Meteora, the liquidity platform on Solana. Jupiter has not announced any financing.
Token situation:
The project will officially issue coins on January 31, 2024. Its total number of tokens will be 10 billion, 40% of which will be distributed to the community through 4 rounds of airdrops. The first round of airdrops will allocate 10% of the tokens, which means There are still expected airdrops in the future to encourage users to adopt.
The current market value is US$1.605 billion, and mainstream exchanges listed on it include Binance and Gate. The circulation of JUP is 1.35 billion, and 240 million tokens were pledged in the first round of voting, which is equivalent to locking 18% of the liquidity, and there are even fewer chips circulating in the market. Under the spiral effect of high yields and reduced circulation, it is possible to further promote the increase in the price of JUP tokens.
Source: Coingecko
Raydium（RAY）
Introduction: Raydium is the first AMM and liquidity provider built on Solana, and its core product is Raydium DEX. Raydium is unique in that its integration with Serum’s order book enables market participants to trade digital assets more flexibly, and Raydium’s liquidity pool contributes to Serum’s order book, enhancing overall liquidity. This integration ensures that anyone on Serum can trade orders on Raydium and vice versa.
Raydium also has its own Launchpad function and was once the most popular DEX on Solana. The previously popular Star Atlas game project also completed its IEO on this platform. Raydium's new pool can be Ray Pool and Community Pool. Community Pool completes some social platform interaction tasks according to the requirements of the project party to participate in the issuance of IEO. Ray Pool is the token RAY that can obtain new tickets based on the number of pledges, thereby providing RAY token empowerment.
However, the project was hacked in December 2022, resulting in a loss of approximately $4.4 million, and investors were later compensated through the project treasury. Due to the decline of the Solana ecosystem and the negative impact of hacker attacks, Raydium entered a period of low development, and its market value was once surpassed by Orca.
Team and investment
Rdydium's team has many years of experience in the field of cryptocurrency quantification and market making, and was introduced to the Solana ecosystem by the FTX team. Raydium did not announce the relevant financing amount.
Source: Rootdata
Token situation:
The total number of RAY tokens is 555 million, which was launched on February 21, 2021. The current market value is 500 million US dollars, the FDV is 1.07 billion US dollars, and the token circulation volume has reached 46.7%. In the RAY economic model, 22% of the tokens are allocated to the team and consultants. It is reported that this part of the tokens has a lock-up period of at least 3 years, which means that some of the team's tokens may be unlocked in 2024.
Source: Coingecko
Depending on
Nosana(WE)
Introduction: Nosana is a distributed GPU network that allows anyone to rent computing power. By utilizing the potential capabilities of idle GPUs around the world, it can achieve on-demand access to GPU computing power, solve the problem of GPU shortage in the market, and provide metaverse projects for AI users. Required computing resources.
Nosana aims to combine AI with blockchain technology to meet the growing demand for GPU units for AI inference.
With the explosive growth in the AI field, Nosana has quickly turned to AI reasoning, and the token price has performed relatively well as a result.
According to Nosana browser data, Nosana AI reasoning showed strong demand from mid-December 2023 to March 2024.
Source: Nosana Explorer
Token situation:
The total number of NOS tokens is 100 million, the current market value is 410 million US dollars, and the circulation volume reaches 83%. Mainstream exchanges listed include Gate and MEXC. Liquidity is mainly concentrated in Raydium.
NOS is the native token of the Nosana ecosystem and is used to pay service fees and purchase computing resources in Nosana. NOS tokens are also required when deploying AI inference work on Nosana. At the same time, Nosana provides token staking for users to earn rewards. Of the fees generated in the Nosana network, 2% is used to reward NOS stakers, and NOS tokens can capture a certain value in the Nosana network.
Source: Coingecko
Helium (HNT)
Introduction: Helium aims to encourage miners to deploy hotspots and provide wireless network coverage through corresponding incentives, providing low-power, wide-coverage wireless network access for IoT devices, and rewarding miners through an original proof of coverage mechanism. Helium's potential and prospects come from its mining model. Its original PoC (Proof of coverage) is an optimized version of the PoW mining mechanism, which can also be regarded as a geographic location PoW mining mechanism. It is completed through wireless network technology and is characterized by low energy consumption, no need for a lot of electricity, and extremely low entry barriers for mining, so it is popular with users.
On April 20, 2023, the Helium network completed its migration to the Solana network, with the strongest ecology and the strongest narrative double buff superimposed. The current community covers nearly 990,000 hotspots and 400,000 active hotspots.
The 2024 DePIN Global Hardware Conference will be held at the Hong Kong Cyberport on April 8. Helium Foundation CEO Abhay Kumar has confirmed to attend.
Team and investment:
The Helium project was founded in 2013 and is headquartered in San Francisco, USA. Since 2014, Helium has completed at least four rounds of financing. In 2022, it completed a US$200 million Series D financing with a valuation of US$1.2 billion. The amount of financing in each round has been very impressive. Participating companies include A16Z, Multicoin and Google Ventures.
Token situation:
The total number of HNT tokens is 223 million, the circulation is 163 million, and the market value is US$980 million. HNT is the primary economic asset in the Helium ecosystem, and the only way to pay for network data transmission is to burn HNT.
Helium Mobile（MOBILE)
Introduction: Helium Mobile wants to become a decentralized 5G network operator, incentivize individuals to share hotspot facilities through tokens, and use countless small and dispersed hotspots to replace large base stations, thereby achieving a low-cost, high-coverage network. MOBILE is the Helium subDAO governance token introduced to the broader Helium network through community proposal HIP53. The token is mined by 5G-CBRS and WiFi hotspots through data transmission and coverage proof. The network proposes a mechanism in which usage determines token rewards, which to some extent reduces the possibility of idling devices to cheat rewards. The project is in its early stages and the equipment participating in the network is still very limited.
Source: https://hellohelium.com/build
Token situation
The maximum supply is 230 billion. Token mining will begin in August 2022 and will be halved every two years. Both hotspot providers and service providers must stake MOBILE tokens to join the network. The current circulation of tokens is 85.6 billion, with a circulation rate of 37%. It has been listed on Coinbase.
Data source: Coingecko
Shadow Token（SHDW）
Introduction: Shadow is a stable, high-performance cloud platform developed by GenesysGo and supported by a decentralized operator network. Shadow Drive is a decentralized, high-performance and scalable object storage designed for Web3 builders. Shadow’s Solana RPC is built on a network of independent operators, truly decentralizing backend APIs by paying computing fees directly to ecosystem operators.
Previously, for storage activities such as NFT on Solana, third-party storage solutions such as Arweave and Filecoin were often used. However, they are both independent storage public chains and are incompatible with Solana. Storage activities are paid with their respective tokens. ShadowDrive is the native storage system of the Solana ecosystem and is designed to meet Solana’s growing demand for ecosystem storage.
According to the official documentation of the project, the storage cost of Shadow Drive is cheaper than any similar project on the market. On the one hand, it benefits from the low gas cost of Solana itself, and on the other hand, due to the reasonable decomposition, scheduling and management of storage tasks at the bottom of Shadow Drive. Arrangement, here involves the project's data distribution and consensus engine D.A.G.G.E.R. (directed acyclic gossip graph enabling replication), which can optimize fast data access and file processing, making storage more efficient.
On January 17, 2024, it was officially announced that the ShadowDrive V2 and D.A.G.G.E.R test networks were launched, and the project provided a total of 600,000 SHDW tokens to incentivize node operators and users who contributed.
Moreover, GenesysGo officials once stated on the X platform that the task in the first half of 2024 is to deploy ShadowDrive V2 and D.A.G.G.E.R to the main network, and the task in the second half of the year is marketing, marketing, and marketing.
Token situation:
The total amount of SHDW tokens is 169 million, and the current circulation has reached 96%, with a market value of 220 million US dollars and a FDV of 230 million US dollars. It has not yet been listed on mainstream centralized exchanges, and liquidity is mainly concentrated in Raydium.
Source: Coingecko
Solchat（CHAT)
Introduction: Based on the communication protocol of the Solana blockchain, users can make voice calls, text messages and other operations through the web3 environment, and all group chat information is stored on the chain, and each user interaction will be encrypted for privacy protection. It is currently in v1 version and is expected to release v2 version soon. v2 is the final version and will reduce usage fees, support group chats and add NFT avatars and other functions. The success of the Facetime communication between its v1 version of the wallet and the wallet caused the price of its token to rise.
Token situation:
The total supply of CHAT tokens is 10 million, 50% is used for pre-sale, 10% is used as LP, 10% is allocated to the team, 10% is used for marketing, and 10% is used for centralized exchanges. The current market capitalization is $90.6 million.
Solchat introduces a staking mechanism where users can stake their $CHAT tokens into a staking pool to receive an 80% share of the revenue in the total pool.
Solcard (SOLC)
Introduction: Solcard is an encrypted virtual card that supports SOL recharge and no KYC. This encrypted virtual card supports online shopping. Solcard charges a 5% fee on each user deposit and plans to return 50% of the fee to SOLC token holders. WeChat’s support for Solcard binding payment has caused its price to rise.
Token situation: The total number of tokens is 100 million, 80% is used for fair sale, 10% is used for marketing, and 10% is used as reserve treasury and operations. The current market capitalization is $16 million.
Liquidity Staking Agreement
Since ETH becomes an interest-bearing asset after being converted to PoS, the threshold for individuals to directly participate in staking is high, and the staking services launched by exchanges have been criticized for being highly centralized. Liquidity staking platforms can provide pledge-proof tokens and can be used in DeFi protocols Use it to improve the utilization rate of funds and thus be favored by the market. The inflationary model of the SOL token economic model also incentivizes SOL holders to stake their tokens.
The number of SOL pledges reached a historical peak on October 30, 2023, at 398 million. Due to the rise in currency prices, some tokens have chosen to unpledge. Currently, Solana has pledged a total of 380 million SOL, of which more than 357 million are pledged directly through nodes, and 23 million SOL are pledged through the liquidity staking agreement. Among them, the three largest liquidity staking protocols in the ecosystem are Marinade Finance, Jito Network and Blazestake.
Data source: dune.com/ilemi/solana-staking
Jito network
Introduction: Jito network is a liquidity staking protocol launched by Jito Lab. Jito provides pledgers with staking income and can also capture the MEV income in the Solana network. Its products include: client Jito Solana, Jito Bundles, blockchain builder Jito Block Engine, and MEV distribution system. Since its MEV business can allocate part of the MEV income to JisoSOL, the income of users staking through Jito is also relatively higher. The protocol TVL grew rapidly before November 2023. The number of pledges fell after the airdrop snapshot, and the number of pledges increased slowly after January. According to dune data, Jito is currently the largest liquidity staking protocol in the Solana ecosystem, with 9.16 million SOLs pledged.
Investment agency:
The seed round received US$2.2 million in financing.
The Series A round of financing received US$10 million, led by Multicoin Capital and Framework Ventures, with participation from Solana Ventures and Solana Labs co-founder Anatoly Yakovenko.
Token Status
Jito's native token is JTO, with a current market value of $331 million. It was officially issued on December 7, 2023, with a total supply of 1 billion tokens and a current circulation of 11.7%. The main trading venue is Binance. 34.3% of the total tokens are used for community growth; 24.5% are allocated to core contributors; 25% are used for ecological development; and 16.2% are allocated to investors. 100 million of the tokens allocated to community growth are used for airdrops, 80 million are allocated to JitoSOL holders, 15 million are allocated to validators running Jito clients, and 5 million are allocated to Jito MEV searchers.
Source: Coingecko
Marinade
Introduction: Officially launched in August 2021, it is the earliest liquidity staking agreement in the Solana ecosystem. Users can pledge SOL on the Marinade platform and obtain mSOL. The unlocking time of mSOL is usually 3 days, which is consistent with the Solana network staking epoch time. Marinade also provides a native staking service, allowing users to obtain staking benefits without using any smart contracts (that is, no LST). The current number of SOL pledged on Marinade is 6.23 million.
As the earliest staking agreement on the Solana chain, Marinade’s maximum SOL staking volume in history was about 9 million. Subsequently, it was impacted by the launch of staking platforms such as Lido and Jito, and its business has been maintained at a relatively stable level for a long time. Its marketing capabilities are relatively average, so the market attention has always been low.
Token situation: The total number of tokens is 1 billion, the circulating market value is 78 million US dollars, and it has been listed on Coinbase. 35% (350 million) of the token distribution is allocated to liquidity mining, and about 0.17% (1.7 million) is distributed weekly as rewards to mSOL holders.
Source: Coingecko
Blazestake
Introduction: Blazestake launches in May 2022. On the BlazeStake platform, stakers have two options: one is to join the standard delegation pool, and the other is to choose any validator for SOL staking. Either way, stakers receive bSOL as proof of their liquidity staking earnings. The platform's network pledge amount increased rapidly in November 2023, from 600,000 SOL to 2.39 million SOL, with a growth rate of 400%, which may be related to the platform's hint of an airdrop.
Token information:
The total number of tokens is 10 billion, and the current market value is $19 million. No other token information found.
Oracle
Pyth Network (PYTH)
Introduction: Pyth Network is a price oracle solution developed by Douro Labs. This protocol product mainly provides Price Feed (price feeding service), Benchmarks (providing on-chain and off-chain historical data) and Entropy (random number) services. Pyth Network uses first-party data networks to publish data to Solana and Pythnet, supporting data sources from traders, market makers, and DeFi protocols. Pyth uses a "push" model to solve the problems of the traditional "pull" model and reduce latency, scalability and network costs.
In February 2024, Python's transaction volume accounted for nearly 20% of the Solana network. Due to the popularity of solana meme token transactions in March, Python's transaction volume still accounted for nearly 10% of the Solana network. Due to its wide range of partners, multiple protocols have announced token airdrops for PYTH stakers.
Investment agency:
The completion of strategic financing was announced in December 2023. Encryption companies such as Castle Island Ventures, Multicoin Capital, Wintermute Ventures, Borderless Capital, CMT Digital, Bodhi Ventures, Distributed Global and Delphi Digital participated in the investment. The financing amount was not disclosed.
Token situation: The maximum supply of tokens is 1 million. The current token circulation rate is 15%. The next token unlocking time is May 20, and the circulation volume will increase to 36.2%. Staking PYTH tokens can participate in protocol governance voting. The current pledged amount is 127 million, accounting for 8.4% of the circulating supply.
Parallel EVM
Neon（NEON）
Introduction: Neon is the Ethereum virtual machine on Solana. It is compatible with EVM and allows developers to use Ethereum tools to build and deploy decentralized applications (dApp) on Solana. It is built by Neon Labs.
NEON creates an EVM-like code execution environment, which works by introducing incentivized Neon EVM operators to the Solana blockchain, who facilitate transactions on behalf of Ethereum dApp users. These operators receive Ethereum-like transactions from dApps using the Neon EVM. They then wrap them into Solana transactions, and finally send these transactions to the Solana blockchain for execution.
The Neon EVM enables Solidity and Vyper-based dApps to take advantage of the Solana network’s strengths: low fees, high transaction speeds, and the ability to execute transactions in parallel.
Team and Investment
Neon CEO Marina Guryeva holds a master's degree from INSEAD, and CTO Andrey holds a master's degree in computer science and control systems. Both of them have extensive experience in blockchain work.
Neon completed US$40 million in financing on November 9, 2021, led by Jump Capital, with participation from Three Arrows Capital, Solana Capital, IDEO CoLab Ventures and others. Then, on November 11, German blockchain incubation company Advanced Blockchain AG announced that it had invested in Neon Labs through its subsidiary.
Token situation:
The total supply of NEON tokens is 1 billion, and the current circulating volume accounts for 5.77%. The circulating market value is US$100 million, and FDV is US$1.74 billion. NEON tokens will be launched on July 17, 2023. The current circulating part is basically 5% of the public offering. The tokens of seed round investors, early contributors, teams and other relevant stakeholders have a 1-year lock-up period, and within 1 year thereafter Linear unlocking, the unlocking period is July 17, 2024.
The main liquidity venues for NEON are Gate.io and Orca. On March 27, Coinbase included SHDW and NEON tokens in the currency listing roadmap.