Elixir protocol is a decentralized finance (DeFi) protocol that aims to provide a seamless and user-friendly experience for traders, investors, and liquidity providers. It is built on the Solana blockchain, which is known for its high speed and low transaction fees.

The Elixir protocol features a suite of tools that enable users to trade, stake, and provide liquidity in a decentralized manner. The protocol's native token, ELIX, serves as the governance token and is used to incentivize users to participate in the ecosystem.

One of the key features of the Elixir protocol is its automated market maker (AMM) system, which enables users to trade tokens without relying on a centralized order book. This system uses a mathematical formula to determine the price of tokens based on their supply and demand, ensuring that trades are executed efficiently and at fair prices.

In addition to trading, users can also stake their tokens in the Elixir protocol to earn rewards in the form of ELIX tokens. Liquidity providers can also earn fees by providing liquidity to the protocol's liquidity pools.

Overall, the Elixir protocol on Solana offers a robust and user-friendly DeFi platform that leverages the benefits of the Solana blockchain to provide fast and cost-effective transactions.

The data provided by Flipside has been used to handle this analysis.

• In this investigation, first of all, the activity of the Elixir on the Solana has been determined.

Metrics-> Total trades and unique traders, the volume of trades in SOL and USD, Breakdown of trades by Sell and Buy, Average trade volume

• After that, the success rate of the transactions on the Elixir has been evaluated. From these results, the participation of the Bots was determined and the success rate of the Bots and regular users has been compared.

• The collections used to trade on the Elixir have been obtained based on the minted and burned tokens. Also, the most popular collections are determined based on various metrics.

• Finally, an investigation related to the behavior of the Elixir users is executed. The list of top buyers and sellers is placed. Also, the activities of the Elixir traders on the Solana ecosystem is determined.

NOTE:

The reader can log into the Flipside website and set the time basis and period of investigation to find out the application of the Elixir program over various time frames. By default, the time period of this investigation is set to the last 30 days. Also, the queries of this analysis are updated every 12 hours to provide users with the most up-to-date results.