Solana may be up 122% in the past month, but its rise has begun to slow down. As the blockchain secures its place in the top 10 by market cap, investors in the nascent low fee, high-speed blockchain are turning their attention to something else: Solana’s decentralized finance protocols.
In the past week, investment in some Solana-based DeFi protocols came so thick and fast that the blockchain couldn’t handle all the attention. Solana crashed for 17 hours on Tuesday after bots rushed to invest in a token sale for Grape Protocol.
Solana’s Growing Pains
But what are these new projects, how much have they raised, and who’s funding them? We take a look: here’s our roundup of some of the biggest protocols that are capping off a heady and hot Solana Summer, and a glance at those yet to come.
Big IDOs
First is Grape Protocol, the culprit of the outage, which despite all the upset raised only $600,000 during its public raise on Raydium’s “Acceleraytor”.
Grape Network hooks up
Źródło: https://decrypt.co/81262/solanas-defi-projects-are-raising-millions-of-dollars
