flipside

    Try Quests to earn cryptoTry Quests to earn crypto
    Share

    Solana Programs

    This dashboard assesses the growth in Solana programs and highlights the most popular programs used since January 2022.

    Loading...

    Solana programs growth

    One way to track developer growth in a Layer 1 ecosystem is through the number of unique smart contracts used. On Solana, smart contracts are known as "programs".

    Since 1 January 2022, there is a clear upward trend in the number of unique programs used.

    The top 5 most popular programs used between 1 Jan 2022 and 8 Feb 2022, as measured by number of successful transactions, are:

    1. Pyth Oracle (program id: FsJ3A3u2vn5cTVofAjvy6y5kwABJAqYWpe4975bi2epH)
    2. Serum DEX (program id: 9xQeWvG816bUx9EPjHmaT23yvVM2ZWbrrpZb9PusVFin)
    3. Switchboard Oracle (program id: DtmE9D2CSB4L5D6A15mraeEjrGMm6auWVzgaD8hK2tZM)
    4. Mango Markets (program id: mv3ekLzLbnVPNxjSKvqBpU3ZeZXPQdEC3bp5MDEBG68)
    5. Mango Markets related program (program id: GDDMwNyyx8uB6zrqwBFHjLLG3TBYk2F8Az4yrQC5RzMp)
    Loading...

    The top 5 most popular programs can be grouped into:

    1. Oracles - Pyth Oracle and Switchboard Oracle are data oracles which bring off-chain data onto the Solana network. It is not surprising that there is a high number of transactions interacting with these oracles as most use cases on Solana, especially decentralised finance (DeFi) applications, require reliable price data.
    2. DeFi protocols - Serum is a decentralised exchange (DEX) on Solana. It provides a fully on-chain orderbook and it allows other DeFi protocol to plug into its composable ecosystem. It is the backbone of a number of other DeFi protocols hence it is not surprising that it is the second most popular program. Mango Markets is a platform for lending, borrowing, swapping, and leveraged trading. Mango Markets utilises Serum DEX for spot margin trading.