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Introducing the Dynamic Global Wallet Kit: A powerful toolset for developers to build ecosystems around their apps or chains!
Build a Highly Scalable App on Solana
Discover how Dynamic can enhance the onchain experience for developers and end-users on Solana.
Scale your App efficiently
Ensure low fees for your end-users
Build around a leading Web3 community
What is Solana?
A fast and high-performance blockchain for DeFi and NFTs
Solana is a high-performance blockchain platform that leverages a unique Proof of History (PoH) consensus mechanism alongside Proof of Stake (PoS). As a result, it is able to process up to 65,000 transactions per second (TPS) with extremely low transaction costs often below $0.01. Solana has built in Account Abstraction-like features, which enables powerful and easy configurations for developers and users. The scalability and efficiency make Solana ideal for DeFi, NFTs, DePin applications, and gaming.
Dynamic projects building on Solana
Metrics
Solana is gaining momentum
~750K
Daily Active Wallets
~$130B
DEX Volume in November
$8.8B+
Value Locked on Solana
Use cases
What's being built on Solana?
Apps that require infrastructure capable of supporting a large number of users and frequent low-cost transactions.
NFT Marketplaces
With nominal transaction fees and a high volume of active users, Solana has established itself as a hub for NFT collections and marketplaces that want to focus on accessibility.
DeFi Protocols
Solana offers a strong foundation for DeFi applications due to its efficient execution, instant finality, and ability to process a large number of transactions at a low cost.
SocialFi Applications
Solana enhances consumer and social applications by integrating account abstraction features that conceal crypto complexities and help facilitate a high volume of transactions.
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THE TOP WALLETS ON SOLANA
Here are the top crypto wallets used on Solana.
Dynamic supports all wallets in this ecosystem with mobile deep linking, multi-wallet and transaction/signing handling.
Phantom
Backpack
Magic Eden
Solflare
Exodus
Ledger
Features
Customer spotlight
Spotlight on our Solana Customer
DFlow: Best-in-Class Solana Trading Built For Everyone
DFlow is a DeFi protocol that constructs order flow markets in order to create a seamless trading experience on Solana. In addition to simply providing efficient trading, DFlow also aims to be the modern liquidity layer of the Solana network.
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DFlow: Best-in-Class Solana Trading Built For Everyone
DFlow has partnered with Dynamic to offer users a seamless onboarding experience to their mobile app, enabling easy access to their premier non-custodial trading platform.
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Blog
Read our new article
Blending Innovation with Bear-Themed Culture
Dive into the Berachain ecosystem and how it is forming one of the most active and vibrant communities in crypto.
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Key terms to know
SOL
The native currency on Solana’s network.
Rent
A fee paid to keep accounts alive on the Solana network, preventing spam and resource misuse.
Epoch
A period during which a specific set of validators are responsible for processing transactions and securing the network.
SPL
The Solana Program Library (SPL) is a collection of on-chain programs that can be used by dApps, similar to Ethereum's ERC standards.
Solana CLI
Command-line tools for interacting with the Solana blockchain, managing keys, and deploying programs.
Solana Web3.js SDK
A JavaScript library that enables developers to easily integrate Solana into their web applications.
FAQs
How is Solana different from other Layer-1 blockchains?
Solana stands out from other blockchains due to its quick transactions, high scalability, and very cheap transaction fees. Solana is able to achieve this through its unique Proof of History (POH) consensus model, which makes it a strong fit for dApps that want to support a large user base and high throughput transactions. On the other hand, Solana is seen as more centralized and less secure than Ethereum.
Is there room for both Ethereum and Solana to succeed in the future?
While often seen as competitors, Ethereum and Solana serve much different purposes across the world of Web3. While Solana is a better fit for dApps that require a high frequency of cheap transactions, Ethereum offers a higher level of decentralization and network security. We envision a future where many chains succeed simultaneously.
What’s in store for the future of Solana?
Solana is home to one of the most active development communities in Web3, diligently working towards an ambitious roadmap for the network. The next major upgrade in this roadmap is the Firedancer upgrade, which will help to prevent outages and centralization concerns, while furthering the throughput of the network.
What sectors within Solana are developers currently focusing on?
On top of its scalability and cheap costs, Solana also has built in Account Abstraction-like features, providing developers and end-users with a seamless experience. These attributes make Solana ideal for applications that accommodate a large number of users and transactions, such as DeFi, NFTs, DePin applications, and gaming.
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Additional Resources
Diving Deeper into Solana
Solana Foundation
The Solana Foundation is a non-profit foundation dedicated to the decentralization, adoption, and security of the Solana ecosystem.
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Solana Blinks
Blinks are interactive URL links that allow users to perform various on-chain actions like minting NFTs, sending tokens, and much more.
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