The Solana Ecosystem In The United Kingdom.
Let’s explore Solana in The United Kingdom.
INTRODUCTION.
Solana is a blockchain platform that is built for global adoption and its native cryptocurrency is SOL. Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.
With over 11.5M+ active accounts, 21.9M NFTs minted, a current capacity of processing up to 65,000 transactions per second, and a $0.00025 average cost per transaction, Solana aims to be a prototype in the blockchain industry. It has gained the interest of developers, investors, tech communities, and influencers across the globe.
As interest in Solana increases, there is the need for specialisation and that's where Superteam UK comes to play. Platforms like Superteam UK are building a home for Solana in the United Kingdom; promoting the development and acceptance of Solana landscape in the UK.
Let's get into the UK Solana system, meet the key players, emerging projects, recent developments, and the overall benefits of this ecosystem.
PROJECTS IN THE UK UTILISING THE SOLANA NETWORK.
A strong indicator of the capacity of any blockchain is the developer community. The UK Solana’s developers community is an innovative one that led to the existence of a range of applications built on Solana that complements blockchain technology and decentralised finance. Some of those applications include:
Solrise Finance: Solrise is a decentralised investment and fund management protocol on the Solana blockchain. It aims to democratise finance by making available excellent investment tools and strategies, as well as assets across the ecosystem.
At its core, Solrise is a fully decentralised platform, welcoming anyone with an interest in investing to participate.
One of the standout features of Solrise is that it considers the user's purchasing power, thereby operating with incredibly low transaction fees, with a gas fee of less than $0.01, Solrise is all about user experience. With a sleek interface, Solrise makes investing easy and accessible for all.
Oxygen Protocol: Oxygen Protocol is a brokerage service that is built on Solana to help users transform their borrowing and lending experience.
It democratises lending, borrowing, and trading because it is a cheap, scalable protocol.
With Oxygen, you're not just a user, you're part of a movement, where your capital works harder for you.
Whether you're trading, earning yields, or borrowing, Oxygen makes the process smoother than ever.
Mango Markets: This is your go-to hub on the Solana blockchain for all things crypto. Here, users can borrow, lend, swap, and leverage-trade crypto assets. Assets on Mango Markets can be shared as collateral between lending/borrowing and leverage trading. This is known as cross-collateralization.
To provide users with the best experience, Mango combines Centralised Finance’s features such as usability and liquidity with Decentralised Finance’s innovation to offer users a lower cost. They achieve this by providing users with an "on-chain limit order book style trading system"
Mango ensures smooth sailing for your trades, giving you more control and better prices.
Step Finance: With over 51,000+ monthly active users and 2.4 million unique users, Step Finance is referred to as “the front page of Solana”. It is the leading portfolio visualization platform for keeping track of data and analytics on the ecosystem.
You can imagine the hassle of having to stay up to date with various projects or having to individually monitor where your money is; this is where Step finance comes in. Their Dashboard is your go to for data and analytics neatly organizing all the information you need to stay informed and make decisions about your portfolio.
COMMUNITIES.
The key groups within the Solana network that contribute significantly to its development and expansion includes communities like;
Superteam UK:
This platform supports the launch and growth of Solana projects in the UK.
This community is made up of creatives, developers, and operators building a home for Solana in the UK. They facilitate connections between organizations, individuals, and Solana enthusiasts through exciting projects, workshops, and hackathons.
With an active presence on platforms like Telegram and Discord, Superteam UK keeps the community engaged and informed.
Solana UK:
Solana UK is another thriving online community that serves as a center for events, information, and networking activities within the UK’s Solana landscape. Solana UK maintains an active social media presence especially on Telegram and Discord.
Solana London:
This London-based community aims to foster collaboration and engagement towards the Solana ecosystem by organizing workshops and events. Solana London also maintains an active social media presence on Telegram and Discord.
In addition, influential figures like CapinUK, OxDistro, and DominicWilliams also contribute greatly to the UK Solana landscape through their projects and partnerships.
EVENTS IN THE UK SOLANA LANDSCAPE.
Solana Hacker House in London (July 5-6 2024):
Remember to mark your Calendar!
This 2-day offline event is a work and playground for creators, learners, and networkers in the Web3 space. Here, developers gain hands-on training from Solana Labs engineers and experts and they even get to be creative and implement their ideas as far as their imagination can let them.
It's not just an event – it's a journey into the future of tech, and you're invited to be a part of it.
London BuildStop:
Build Stop is a weekly coworking event organized by Superteamfor Web3 leaders, creatives, and builders in London. Build Stop is a place to Learn more about Solana, DeFi, and get hands-on experience working on projects. It comes with the excitement of meeting new people to form a team, or even joining an existing team. The support from Solana experts while you showcase your work with demo days and open mic is another perk of being at the event.
Superteam UK BuildSchool:
Being the first of its kind, this event was held at the University of York in February 2024.
It was a great medium for Solana enthusiasts to get into the space. There were various activities for attendees to engage with, and competitions in content creation, pitching contests, and coding.
From unleashing creativity to honing their technical skills, BuildSchool was a transformative experience for all who attended, leaving a lasting impact on the Solana community.
ACHIEVEMENTS AND DEVELOPMENTS.
Active Developer Community:
The UK Solana ecosystem has a vibrant community of developers that contributes greatly and still contributes to the overall growth and development of the Solana landscape.
This community provides valuable feedback, support, and collaboration thereby promoting future positive expectations for Solana.
Escalated Adoption by Organisations:
Since the start of the UK Solana ecosystem, UK-based organizations have become more receptive towards Solana and are now interested in exploring use cases such as dApp development, payments, and NFTs. It's a testament to Solana's growing relevance for mainstream adoption in the UK and globally.
NFTs:
Non-Fungible Tokens being one of the most popular use cases of Solana is experiencing massive growth by creators and artists in the UK.
Startups: There are numerous startups in the UK on the Solana platform with focus on areas like gaming, DeFi, and Web3.
These startups are harnessing the power of Solana to drive forward groundbreaking projects.
Overall, the Solana ecosystem has helped fuel the foundation of over 350 projects.
WELCOME TO SUPERTEAM UK!
Solana is changing the future of finance by building a fast, decentralised, scalable, and energy efficient blockchain for mass adoption. The Superteam UK has reflected the limitless possibilities of the UK Solana initiative and the several opportunities that lie within.
Whether you're a creator, developer, influencer, or just passionate about Web3, there's a place for you here. We want YOU to join us on this journey of democratising blockchain for everyone, ensuring a prosperous digital future for all.
Being a member of this community offers you opportunities to learn, earn, and collaborate with professionals on Web3 projects while staying updated on the latest developments in the UK Solana ecosystem.
Join SuperteamUK now and become part of a thriving community dedicated to supporting growth, collaboration, innovation, and success!
Learn, earn, and build.
Join Superteam UK on X,Instagram, Discord, and visit their Website.
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