A look at the 34 winning projects at Solana Renaissance

Analysis2mos agoreleased 6086cf...
46 0

Original author: Peng SUN, Foresight News

On the evening of May 6, venture fund Colosseum announced the results of the 9th Solana Foundation Hackathon Solana Renaissance. This Solana Renaissance attracted much attention, with more than 8,300 participants from over 95 countries and regions participating. Only 34 of the 1,071 participating projects broke through the siege, with a winning rate of only 3.17%. Whats more surprising is that Ore, which crashed the Solana network as soon as it went online, won the championship. As soon as the news came out, ORE nearly doubled to above $330. Perhaps it was because of Ores small step that promoted the healthy and stable development of the Solana network?

In addition, the winning projects of this Solana Renaissance are also distributed in many fields such as consumer applications, infrastructure, games, DePIN, payment, DAO community. Given that the Solana hackathon has already produced a series of ecological projects such as Tensor, Marinade, JitoLabs, etc., today Foresight News will take stock of these winning projects to see which early projects are worth paying attention to.

champion

Ore

Ore is a Solana on-chain mining protocol that allows anyone to mine using the PoW algorithm on Solana. Ore received a reward of 50,000 USDC and will participate in the Breakpoint 2024 ticket held in Singapore from September 19th to 21st.

Consumer Applications

First place: Banger.lol

Banger.lol is a creator economy platform where users can buy and sell tweets while supporting creators, socializing, and making money. Banger.lol received 30,000 USDC rewards.

2. Wootz Browser

Wootz Browser is a cryptocurrency-enabled browser that transforms Chromium into a browse-to-work platform, paying users who help generate AI and facilitating the sale of computing resources for generative AI.

3. Chomp

Chomp is a gamified social consensus platform that provides users with quick questions, polls and games to provide users with the most likely answers. Chomp implements a social consensus mechanism based on empirical research around crowd wisdom, which first gives its own answer and then gives users opinions on the answer to the same question to get the real situation of the world.

Chomp is the first mini-game developed by Gator Labs. The team will develop more gamified applications and connect to Gators underlying reputation graph and data layer. In addition, Gator Labs is currently raising small angel and pre-seed rounds of financing.

4. Movement

Movement is a new trading application designed to help users efficiently discover and trade meme coins without any Web3 knowledge. The teams slogan is to create Robinhood for memecoin.

5. DePlan

DePlan is a pay-as-you-go payment solution on Solana that allows users to use their favorite products without a subscription, and can easily monetize their products.

infrastructure

1. High TPS Solana Client

High TPS Solana Client is a new client developed by the Rakurai.io team that uses efficient scheduling and pipelines to optimize TPS, improve transaction capacity, and increase staking income by 30% through shared block rewards. These TPS nodes will be provided through the liquidity staking pool.

High TPS Solana Client received a reward of 30,000 USDC.

2. Torque

Torque is an on-chain offer protocol for projects to deploy their marketing strategies at scale. During the hackathon, Torque developed a protocol, an SDK, and an offer publishing platform. Torque allows developers to launch and manage offers that reward multiple parties using cryptographic primitives. All offers are conditional, targeted, and have trustless on-chain proofs. Torque uses a combination of derived key pairs for privacy and cNFTs to track and distribute rewards.

Torque hopes to help project owners find market-friendly products faster and build an attention economy on the Solana chain.

3rd Place: xCrow

xCrow is a platform that accelerates developers’ use of Solana Custodians. Custodians are an important component of various applications built on blockchains, facilitating secure transactions and agreements, and integrating these programs is usually very complex and time-consuming. xCrow aims to provide a common interface to simplify interaction with Solana Custodians.

4. Cambrian

Cambrian is a re-staking platform built by a UAE team on Solana to build a new economic coordination layer. It will enable DA, shared sequencers, social/gaming application chains and DePIN networks to share their economic security through SOL re-staking, and maintain non-correlation and independence through the Slashing mechanism, striving not to compromise Solana security.

5. Merit

Merit is an on-chain points token protocol and infrastructure developed by Frankie Labs. By leveraging Token Extensions to create non-monetary points as real token assets on Solana, and out-of-the-box APIs, Merit points can be quickly and seamlessly integrated into any DApp.

game

First Place: Meshmap + City Champ

Meshmap is a new 3D map network integrated with games developed by a Japanese team that generates 3D scans that are rewarded with token incentives. Meshmap creates a 3D map of the world through 3D scans submitted by the community and rewards them through token incentives and games.

As the first proof of concept, Meshmap developed a mixed reality first-person combat and tower defense game City Champ for Meta Quest 2/3/Pro using Unity and Solana. As a player, users need to defend their city against terrifying creatures caused by urban social problems, fight enemies, defend the city core, and collect reform results to win. As a 3D scanner, users can use the built-in LiDAR scanner in their mobile phone to scan Wangge, find new game areas, and submit them to the grid map to increase the location of the game level.

Meshmap received a reward of 30,000 USDC through City Champ.

2. Legends of the Sun

Legends of the Sun is a battle arena where players can battle up to 5 friends or enemies for rewards, with Web3 digital asset integration, digital asset market, on-chain staking and Web3 Degen mode.

3. Mining Badger Game

Mining Badger Game is an on-chain game made using Honeycomb Protocol that game developers can integrate into their own games.

4. Moon Boi Universe

Moon Boi Universe is a Web3 online fantasy open world role-playing game (RPG) optimized for mobile devices. The team recently launched the game on Solana Mobile and is experimenting with the new SPL 404 standard.

5.Moneko Pet

Moneko Pet is a mobile electronic pet game with a built-in game launcher that allows any third-party developer to connect to Maneko and provide services to its users. During the hackathon, the team focused on building the simplest API stack and integrating its first external app Maneko Runner into its game. Currently, the game is still deployed on the development test network and will be launched in the next two weeks.

DePIN Payment

First place: Urani

Urani is an intent-based trading aggregator developed by a German team that provides protection against bad MEV at the application layer. By designing limit orders, liquidity markets, and price optimization, Urani will establish a positive-sum game for all parties including MEV searchers, market makers, and users.

Urani received a reward of 30,000 USDC.

2nd place: GLAM

GLAM is a decentralized on-chain asset management protocol on Solana developed by a Swiss team, which enables efficient management and operation of investment products.

3. Nomad

Nomad is a Nigeria-based payment app that simplifies the process of withdrawing funds.

4. Ripe

Ripe is a QR code-enabled payment application developed by a Philippine team that allows users to make payments between merchants in Southeast Asia. During the hackathon, Ripe developed a DApp that allows users to scan the QR codes of the Philippines major e-wallets GCash and Venmo (or enter the phone number of the recipient account), and then use Solana USDC to pay merchants in local currency. Merchants do not need to adopt USDC to receive fiat currency in their e-wallets.

5. Exponent

Exponent is a derivatives protocol for trading DeFi product yields on Solana, allowing users to better control yields and predict their positions. Users can use Exponent to guard against yield changes, hedge borrowing costs, switch from volatile yields to fixed yields, and maximize yields.

The Exponent team currently has 3 people, who previously worked at Kamino, Solana, and Raydium.

DePIN

First place: Blockmesh

Blockmesh is an open network that allows users to monetize excess bandwidth. Blockmesh received 30,000 USDC rewards.

2nd Place: DeCharge

DeCharge is an electric vehicle charging network developed by an Indian team that provides globally compatible hardware, allowing anyone to access it at low cost.

3. dBunker

dBunker is a DePIN financial derivatives platform developed by Ebunker, an Ethereum node verification service provider. Its standard financial products can be issued in the form of NFT or tokens to simplify the user process. Individuals can profit from equipment operation, suppliers can increase sales through bulk orders, investors can participate in the DePIN market, and the protocol can gain benefits through widespread adoption.

4. CHRO+

CHRO+ is a decentralized health network that is building a decentralized health database to accelerate breakthroughs in predictive, preventive, and personalized medicine. The teams XHRO wearable device is equipped with a large number of sensors to continuously monitor key health indicators. Users can share their health data through the Solana-based CHRO+ platform, and researchers and medical institutions can access anonymous data through a market driven by Solana-related tokens.

5. Pomerene

Pomerene is a DePIN network for international trade with pallet tracking capabilities.

DAO Community

First place: DeTask

DeTask is an AI product development platform on Solana that leverages DAO labor to distribute provable execution to AI agents and humans. DeTask aims to address the mismatch between skills and demand between platforms and freelancers in online work.

DeTask received a reward of 30,000 USDC.

2nd Place: DeStreet

DeStreet is a non-custodial DApp built on Solana Mobile that allows traders to share their trades with others. The DeStreet program calls the Jupiter contract to implement spot trading. Users can deposit funds into Solana accounts, which can realize non-custodial deposits, trade execution, and profit distribution to users. DeStreet will also provide perpetual contracts and social NFT transactions.

3rd place: TokenGator

TokenGator is a platform for managing dynamic NFT collections developed by a Spanish team and powered by Token Extensions.

4. Maindocs

Maindocs is a platform developed by a German team that allows DApps, institutions and DAOs to create fully customizable and verifiable financial documents through wallets.

5. Quadratus Protocol

Quadratus Protocol is a fully on-chain DAO governance model that implements a quadratic voting mechanism to increase the cost of multiple votes on a given proposal and reduce the influence of large holders on the results of DAO proposals.

University Awards

DeVolt is a decentralized platform and protocol built by Brazilian college students to facilitate new users into the electric fuel market. DeVolt received a reward of 10,000 USDC.

Public Goods Award

Zircon aims to provide challenges and guidance courses for Solana developers and receive a reward of 10,000 USDC.

Climate Prize

AquaSave is an innovative startup dedicated to solving the global water crisis. It has created an ecosystem that integrates IoT device networks, smart data analysis and blockchain technology, and incentivizes the community to participate in monitoring and analyzing the status of the earths water resources through cryptocurrency. AquaSave received a 5,000 USDC reward.

This article is sourced from the internet: A look at the 34 winning projects at Solana Renaissance

Related: Bitcoin Demand Will Push Price Up, Not the Halving: CryptoQuant

In Brief Bitcoin halving reduces new issuance but its price impact is diminishing. Demand growth from large and permanent holders is the key price driver. Post-halving, demand from holders outpaces issuance for the first time. The anticipated Bitcoin halving is just two weeks away. While historically, it has signaled the start of a price acceleration phase, analysts at CryptoQuant argue that its impact is waning. The forthcoming halving will reduce the new issuance by 14,000 BTC on a monthly basis, traditionally decreasing sell pressure from miners. However, the once-significant influence of halvings on Bitcoin prices seems to diminish as the new issuance becomes smaller relative to the total supply available for sale. Bitcoin Halving Influence Wanes Long-term holders (LTH) selling, for instance, has averaged 417,000 BTC per month in the…

© Copyright Notice

Related articles

No comments

You must be logged in to leave a comment!
Login immediately
No comments...