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Best Projects on Solana - Find Your New SOL Tokens & Crypto in 2023

Discover best projects on Solana chain at CoinWire! Our expertly curated list showcases the top potential projects that are on the Solana blockchain. Check out AlphaQuest app for a more comprehensive and real-time list of Solana projects.

Solana is a high-performance, low-fee, robust security blockchain that can handle thousands of transactions per second. Currently, many Solana projects exist in various areas, such as decentralized exchanges, Non-Fungible Tokens (NFTs), Metaverse, Decentralized Finance, Lending, and Gaming.

On this page, we will also list some of the most innovative and exciting Solana projects and guide you on how to purchase Solana coins.

Key Takeaways:

  • Many popular Solana projects exist, such as Serum, Raydium, Star Atlas, Marinade Finance, Solend, etc.
  • Solana boasts blazing-fast transactions and low fees, making it a popular playground for DeFi, NFTs, gaming, and more.

What is Solana Blockchain?

Solana is a blockchain platform supported by the Solana Foundation, designed to run decentralized applications (dApps) quickly, affordably, and securely. This chain offers scalability, speed, and interoperability, making it an excellent platform for creating decentralized applications (dApps) that rival centralized ones.

Solana Foundation currently employs a unique “Proof of History (PoH)” method to record transactions. This approach allows high speed, low latency, and low energy consumption to operate the blockchain.

Solana introduces various innovations such as:

  • Turbine: A protocol that minimizes bandwidth usage for transmitting blocks
  • Sealevel: Parallel execution engine enhancing CPU performance for smart contracts
  • Wormhole: A bridge connecting Solana with other blockchains, such as Ethereum

The Solana blockchain’s governance token is SOL, which is used to pay transaction fees, participate in network governance, and stake rewards for token holders.

What is the Solana Project?

Solana project is a term that refers to dApps that are built on the Solana ecosystem. Below is a list of some popular Solana projects in various categories.

Solana DEXs

Solana DEX stands as a decentralized exchange, allowing users to engage in the trading of cryptocurrencies and various digital assets on the Solana blockchain. This sector facilitates peer-to-peer transactions, eliminating the need for intermediaries, custodians, or mandatory KYC/AML procedures. 

Some of the top Solana DEXs are:

  1. Serum (SRM): This is one of the fastest DEX on Solana with cross-chain compatibility. Other platforms can also use Serum’s order books to exchange assets and offer trading services for different kinds of users.
  2. Raydium (RAY): This is an on-chain order book AMM powering the evolution of the DeFi model to facilitate fast and low-cost trading.

Solana NFT Projects

Solana NFT Projects are digital artworks or collectibles that are created and stored on the Solana blockchain. Magic Eden and Solanart are the popular marketplaces for Solana NFT Projects.

Some of the top Solana NFT Projects are:

  1. Solana Monkey Business: SMB is an NFT Project that features 5,000 unique monkeys with different traits and accessories. The monkeys are designed to be playful, mischievous, and expressive. 
  2. Degenerate Ape Academy: This academy consists of 10,000 degenerate ape NFTs and is a digital art project on the Solana network. The NFTs represent the unique and quirky characters of the apes.

Solana Metaverse Projects

Solana Metaverse Projects are applications that use the Solana blockchain to build immersive virtual worlds. Users can interact, create, and explore these worlds. 

Some of the Solana Metaverse Projects are:

  1. Star Atlas: A grand strategy game where you can explore space, fight, and strategize. You can own and trade digital assets like spaceships, planets, and resources.
  2. Good Games Guild: It is a metaverse gaming platform that allows players to play, create, and earn in various blockchain games.

Solana DeFi Projects

Solana DeFi Projects are decentralized finance applications aiming to create an open, permissionless, and transparent financial system without intermediaries in the Solana ecosystem. 

Some of the best Solana DeFi Projects:

  1. Marinade Finance: This is a DeFi protocol for liquid staking on Solana. If you hold Solana (SOL) tokens, you can stake them and earn mSOL tokens with Marinade Finance.
  2. Lido Finance: This protocol is the leading DeFi solution for liquid staking on the Ethereum blockchain, and it has also expanded to Solana recently. It has also achieved a remarkable total value locked (TVL) of $78M on the Solana network (source).

Solana Lending Projects

Solana Lending Projects are dApps built on the Solana blockchain that allows users to borrow and lend cryptocurrencies. Some of the best Projects are:

  1. Solend: A non-custodial protocol allows users to lend, borrow, and earn staking rewards on any supported asset in the Solana ecosystem. Solend uses a liquidity pool model and an algorithmic interest rate mechanism to provide efficient and transparent lending services.
  2. Port Finance: A money market protocol that leverages the Serum DEX and the Wormhole bridge to offer cross-collateral lending and flash loans.

Solana Gaming Projects

Solana Gaming Projects are a collection of web3 games and platforms built on the Solana blockchain. Some examples of Solana Gaming Projects are:

  1. Aurory: A fantasy PvP game that allows players to create and customize their own characters, embark on quests, and collect NFTs.
  2. DeFi Land: This game simulates agriculture on different blockchains and makes decentralized finance fun. The users can play for free, earn rewards, challenge other players, create, exchange, and more.

How to determine the best Solana projects?

To find the top Solana projects, you can look at these factors:

  1. Purpose and Vision: A well-defined purpose and a clear vision provide insight into the project’s long-term goals and whether they align with your investment strategy. Projects with a strong sense of purpose tend to have a more sustainable and focused development roadmap.
  2. Team and Partners: Assess the team’s background, expertise, and track record in blockchain development. Additionally, partnerships with reputable organizations can indicate industry recognition and enhance the project’s credibility.
  3. Innovation and Technology: See how the project improves, grows, and solves problems differently. A strong technology base makes the project stand out and last long in the fast-changing blockchain world.
  4. Engagement and Community: Look at the project’s social media and online forums and how often the developers update. An engaged and dynamic community means the project is growing on the right track.
  5. Market Potential: Consider factors such as the project’s competitive advantage, potential for real-world adoption, and scalability. A project with much market potential will likely get more attention and investment. 

How to Buy Solana Crypto?

If you want to buy Solana crypto, one of the platforms you can use is “MEXC,” a centralized cryptocurrency exchange that offers spot, margin, futures, and copy trading. 

Here is a guide on how to buy Solana crypto with MEXC exchange:

  1. Register an account and verify your identity for more security. You can also use it without ID verification.
  2. Deposit funds (crypto or fiat) to your MEXC account.
  3. Go to the spot trading page and select the “SOL/USDT” pair.
  4. Choose the type of order you want to place. You can either place a limit order or a market order.
  5. Confirm your order and wait for it to be filled. You can check the status of your order in the “Open Orders” and “Order History” tabs.
  6. Once your order is filled, you will see your SOL balance in your MEXC wallet.

If you don’t have a MEXC account, you can use our referral code “1GTG8” and get a 10% discount on fees and up to 1,000 USDT in future bonuses.

Conclusion

Solana is not only a fast and scalable platform but also a vibrant and creative community that fosters innovation and collaboration. It has attracted many developers and users to build innovative Solana projects. These Solana projects range from NFTs to gaming, yield farming to lending, and trading to DeFi.

Solana is the future of blockchain, and there are many upcoming projects. You can also check our guide on best BNB chain projects and best Avalanche projects.

Solana Projects- FAQs

How many projects run on Solana?

There are over 350 projects on Solana; these projects range from DeFi, NFTs, gaming, and Infrastructure to Metaverse.

Why is Solana a good project?

Solana is a good project because it’s blazing fast, handling up to 710,000 transactions per second. It’s also super affordable and uses less energy than other blockchains, making it eco-friendly. Its friendly developer tools make it easy to build new projects, so the Solana ecosystem keeps growing every day.

Phryges

Phryges is the official mascot of the 2024 Paris Olympics and the first Olympic mascot meme coin on the SOL chain

CeDeFiAi

CeDeFiAi is your all-in-one non-custodial hub for trading and investing!

ChainPlay

ChainPlay.GG is the ultimate one-stop hub for Web3 Gamers. It swiftly compiles all the latest gaming information, from news to fundraising and gaming events.

AlphaQuest

AlphaQuest is a Crypto Research tool that helps you discover the hottest narratives & projects before they take off

GEM

$GEM is a pioneering deflationary cryptocurrency on Solana, powered by the TOKEN2022 standard

QuickNode

QuickNode is a Web3 infrastructure platform helping developers & businesses build, launch, and scale blockchain-powered applications. A lightning-fast global API provides instant access to over 25 networks, including Ethereum, Solana, Polygon, BSC, and Avalance. By providing powerful tools, enhanced APIs, and 1-lick integrations we help builders save time and let them create the best version of their application and get to-market faster.

Saros Finance

Saros Finance is the ultimate DeFi platform native to Solana, with trading, staking and yield farming services. Built by Coin98 Labs, Saros Finance aims to adopt millions of users to DeFi.

TabTrader Token (TTT)

TabTrader is ready to launch its TTT Token to incentivize trading and accrue value for token holders. By participating in the IDO, users are taking active part in the project’s development, and can benefit from a limited time offer and an interesting investment opportunity given the scale of growth of the company. Tokens will be used within the platform in the future. Token holders will be able to use them for in-app purchases, as well as for transaction fees, and governance.

Solice

Solice is an open 3D world with limitless possibilities: a VR metaverse where users can play, build, own, socialize, and monetize their virtual experiences in an immersive way on the Solana blockchain. Solice is the interconnected metaverse of virtual worlds, NFTs, and communities. We aim to improve the overall user experience, connecting them through interoperability across the metaverse. Solice solves the lack of immersiveness and asset ownership for users while maintaining visual performance.

VOID

Void is a multiplayer online NFT game built on Solana with a focus on character personalisation.

UPFI Network

UPFI Network is a Stable Coin project in the Solana ecosystem which is built to proceed and develop beneficial aspects of previous generation of Stable Coin.

SolSisters

SolSisters are a unique allegorical collection of NFTs representing a new era of sustainability in the NFT world. Women-led team, multiple artists, vote for change and insane metaverse plans.

Project SEED

AAA Game Studio building mobile-focused blockchain gaming ecosystem that utilizes MultiBlockchain and integrates Governance, GameFi, and NFT.

MadTrooper

MadTrooper has been created by the team behind EDDASwap, a leading multi-chain ecosystem of NFT and DeFi platforms. With a highly successful and established track record in the NFT space, the team comprises of established NFT artists, developers, and digital art connoisseurs.

Dirty Panda

Dirty Panda is Latest PFP NFT Panda. After launch there will be 3 prioritized which was PanDAO, Bamboo Gallery and Social Game.

Boneworld NFT

Boneworld is a collection of 10,000 generative 3D Bone Avatars living as NFTs on the Solana blockchain with over 120+ traits across 5 categories. Each accessory presented in the collection was designed to reimagine the future of NFT gamification, digital fashion and metaverse.

Bitspawn

Building digital infrastructure for gamers. Bitspawn is a gaming blockchain protocol built for mainstream adoption.

Cykura

Cyclos is the first concentrated liquidity market maker on Solana. Cyclos allows liquidity providers to maximize the yield-earning potential of their assets by placing individualized price curves directly on Serum’s order books.

Dexlab

Dexlab makes launching on Solana easy with a Coin minting lab, a launchpad and a dedicated DEX for all listings.

Crowny

Crowny connects and rewards users for engaging with their favorite brands, ensuring brands reach the right target audience, while protecting users’ privacy.

Civic

Civic has partnered with Solana to integrate their decentralised identity solution. The solution is targeted at providing low-cost, scalable identity management in emerging economies that lack the infrastructure.

CATO

CATO is a Serum-based DEX and Solana's first CAT MEME token.

Raydium

An on-chain order book AMM powering the evolution of DeFi.

O3Labs

O3Labs maintains O3 Wallet, a mobile wallet, and O3 Swap, a cross-chain aggregation protocol.

Chainlink

Chainlink is a decentralized oracle network that currently provides decentralization at both the oracle and data source level.

Band Protocol

Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Secure, scalable cross-chain decentralized oracle – we connect smart contracts to external data and APIs.

Audius

Providing a music streaming platform that puts power back into the hands of content creators.

HAPI

HAPI is a cross-chain protocol, aimed at creating new cybersecurity standards for DeFi market by providing real-time data on stolen funds and compromised wallets.

The Graph

The Graph, the indexing and query layer of the decentralized web, will soon support the Solana blockchain. The Graph is an indexing protocol for querying networks like Ethereum and IPFS. Anyone can build and publish open APIs, called subgraphs, making data easily accessible.

Media Network

Media Network is a highly scalable, privacy-first, and community-governed CDN.

Solana Sail

The first-ever community token distributed randomly. The first platform gSAIL will provide any SPL tokens/projects the ability to create/vote for their proposals.

Ramp

RAMP DEFI uses Solana to deliver staked liquidity and cross-chain yield farming for SOL token holders.

Orca

Orca is the first user-friendly cryptocurrency exchange built on Solana.

Step Finance

STEP.finance is an automated trading strategies platform.

Bonfida

A single source of data truth in the cryptocurrency industry.

Serum

Faster, Cheaper and more Powerful DeFi Serum brings the speed and convenience of centralized exchanges to DeFi while remaining fully trustless and transparent.

Solanium

A decentralized auction platform.

8Pay

A DeFi platform for automatic trustless crypto payments.