Bullish on #Solana’s tech?
But bearish on $Sol the asset?
Myself and @StrategicHash have built a 🎉Solana Economic Model🎉 to put these theories to the test.
TLDR?
Sol can become one of the most expensive assets in the world…
A thread
As a large $JUP holder and massive fan of the team / CWG - I have to say this budget is pretty shocking
4 guys
Salaries of around $85k each
And then tokens with only a 2 year vesting of 4.5m JUP / $6.75m at today’s price!
So these guys will likely become multimillionaires for
Vote on CWG’s Budget Proposal
The vote to fund the first Jupiter Working Group is live! This vote is crucial in setting a precedent to fund working groups to drive the DAO’s initiatives forward.
The CWG has spent a week in community discussions, and has presented their 2024
One of these is worth around $2.5k and is backed by a world class dev and a genre-defining next gen wallet
The other is worth around $15k and is backed by a marketer who has failed to deliver anything beyond art upgrades
Place your bets now
Absolutely unreal analysis
Both Sol and Eth did around $40m of volume last week on their Base Asset : USDT
But Eth managed it with $70m of liquidity
Sol managed it with $1m of liquidity
The same $ of liquidity on Sol receiving 70x higher returns…
Solana = future of trading
the volume/liquidity ratio on @solana is pretty crazy every time I look at it.
$40m of sol/usdt volume this week, on roughly $1m of liquidity.
dune.com/ilemi/solana-d…
I’d wager that 95%+ of people using Solana started on Ethereum and moved across
Whereas I’d guess <20% of ethereum users have ever tried Sol
We aren’t on Sol because we like hanging out on less liquid chains
It’s because it l works and is affordable for all users and use cases
Eth fans have enjoyed almost a decade in a virtual monopoly for smart contract blockchains
They are finally meeting very real competition and some of them don’t seem to be taking it very well
This was the chart that really stood out to me in Visa’s 3-pager on why they chose to pilot pymts on #Solana$Sol base fee does not move regardless of market dynamics
Predictably cheap, fast payments
Only Possible On Solana
usa.visa.com/solutions/cryp…