Future plans will accelerate the growth of Solana's dominance in the DeFi ecosystem.

As Ethereum's problems persisted, its biggest competitor, Solana, received a lot of attention. Solana, commonly known as the "Ethereum Killer", had the best of the year.

Solana is currently the 5th largest cryptocurrency by market value, with a current market value of around $ 68 billion after doubling in value in 2021. The project was launched in early 2021. and each token is worth around $ 1 , US $ 80, hitting an all-time high of 260.06 last month. This explosive growth reflects the potential of the Solana ecosystem as a prime location for next-generation blockchain and DeFi operations.

Ethereum currently manages the DeFi site. However, as the number of dApps and DeFi processes increases, the Ethereum network faces major integration issues. As a result, costs increase and the project is looking for an alternative to Ethereum.

The growing demand for Ethereum alternatives and the unprecedented growth of DeFi have made Solana a next-generation blockchain network that is more efficient, faster and better than any other giant.

The blockchain-based computing platform provides smart contracts that work similarly to Ethereum, but use a different language (Rust). In addition, compared to Ethereum's 30 TPS (individual marketing) solution, Solana offers speeds of up to 50,000 TPS via Data Integration Proxy (PoS) and Proof of Origin (PoH) protocols.

Currently, there are over 400 operations on the Solana blockchain, including NFT, P2E games, DeFi, Web3, and more. Well-known companies in the DeFi industry, such as FTX and Alameda Research, have benefited from the speed and robustness of Solana. Solana's total net worth (TVL) exceeds $ 14 billion, including Serum (broadband, no DEX monitoring), Ray (on-chain AMM order book for DeFi), Marinade Finance and its campaign pledge partners, Quarry. , Orca, Saber, Apricot Financial and hundreds more are already on the network's mainnet.

Hundreds of contracts have been developed based on the Solana infrastructure, but let's take a closer look at two DeFi contracts that aim to bring many new features to the network.

Atani gives Solana the most advanced DEX aggregator.

Decentralized exchanges (DEX) are useful when security (and control) becomes an issue for centralized exchanges (CEX). Without a third party or central authority, DEXs were very popular in the crypto community.

However, over time more and more DEXs appeared, all working for unique communities in the crypto world. As a result, the well is ruptured resulting in significant differences in the value of rigs and other similar issues.

The DEX aggregator aims to solve this problem by being "integrated". They effectively "bundle" the resources of multiple DEXs and provide users with a good exchange rate, good price, and good quality, which is not the best way to go through a DEX.

A few years ago, many DEX authors reported, mostly for Ethereum. Atani broke that pattern by launching Solana's Atani DEX aggregator. This integration includes decision-making automation tools and advanced equipment and features, including advanced data recovery, cost analysis, analytics, and more. In addition, Atani DEX Aggregator supports free SMS, phone and email alerts to ensure that users no longer miss opening hours.

The Atani DEX aggregator of the Solana ecosystem is developed by a team of crypto experts and has the potential to become the world leader in DEX aggregator by eliminating fragmentation and making it more economically viable. Atani also builds a bridge between Intermediate Exchanges (CEX) and DEXs, sharing a “virtual” portal for CEX users in the Solana DeFi ecosystem. The aggregator will also provide support for multiple channels and zero cost policies.

Solana thiab On-Chain Credit Score DeFi loan agreement

Soda Protocol recently announced Solana's new DeFi loan protocol. The Soda Protocol introduces a 'grade level' system pioneered by the Solana blockchain network, developed by veterans of DeFi, Web3 and blockchain to improve performance in the DeFi ecosystem.

The platform has three main components, the first being the DeFi loan service like competitors like AAVE and Compound. As part of its lending services, Soda Protocol also offers other DeFi features such as short term loans, easy repayments, liquidation and flash arbitrage, and non-destructive farming.

For its second service, Soda Protocol announced the first financial services bank called Sol ID, which aims to make changes to the current DeFi ecosystem. Sol ID collects and analyzes channel behavior data, loan patterns and personal data to generate credit scores for each user. This review plays an important role when users join DeFi services from other participating organizations, or when administering, reducing, and limiting IDO distribution requirements.

Finally, the Soda protocol provides configuration protocols based on the Soda API. This configuration model allows the DeFi partner to obtain Sol ID information to identify consumer electronics and credit fraud profiles. At the same time, consumers can borrow less money (or borrow money) based on their credit.

Industry experts say Solana could replace ETHereum in the long run, but time will tell how. The promising Ethereum ETH 2.0 update will play a key role in the development of DeFi configurations when DeFi begins. But at the same time, Solana outperforms Ethereum, especially in terms of speed, scalability and profitability. It is a must have for any DeFi developer.