Solana Protocol Feature

    Definitions

    Solana: Solana (CRYPTO:SOL) is a blockchain platform known for its speed and efficiency. SOL tokens are its native cryptocurrency and are used to pay its transaction fees. Since launching in 2017, Solana has grown to become one of the largest cryptocurrencies in the world.

    Saber: Saber is the cross-chain stable coin exchange on Solana, optimized for trading stable pairs. Trading with Saber can result in significant cost savings for traders, with low slippage between pegged stable assets like USDC and USDT.

    Blockchain performance: Performance of blockchain networks is generally measured as the average time it takes for a transaction to be validated and stored in each peer node in a way that it cannot be reversed or revoked.

    Visualizations 1

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    Discussion 1

    The total number of swaps on Saber has been declining since the beginning of 2022, there was a huge spike in swaps on Saber in the first week of May where a jump from 3000 to 6000 swaps on Saber in one week. The top 3 tokes that have been swapped on saber are all USD stablecoins and they make up 75% of the swaps on Saber. There has been a large decline in saber use since the beginning of May.

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    Discussion 2

    Since the start of 2022 there has been a consistent decline in the number of users on Saber each day with the daily active users dropping from 800 to 56. In total 27,000 wallets swapped using Saber 27,000 times. The top 3 tokes that have been swapped on saber are all USD stablecoins and they make up 75% of the swaps on Saber. There has been a large decline in saber use since the beginning of May. Overall Saber has been struggling to keep users in 2021.