The market value of $50 million in 4 hours, an article to learn about Solanas on-chain AI social project $SSE

In the shadow of the bear market, $SSE Solana Social Explore was the first to see the light today. After it was issued from the Pumpfun internal disk, 50 million US dollars were quickly transferred in just 4 hours. What is its charm that has broken through the siege amid the wailing of lack of on-chain liquidity?

Solana Social Explore

SSE is a social blockchain data on Solana that tracks and confirms top traders. It provides users with automated tools and insights to help optimize token trading decisions. It mainly tracks address activities, popular tokens, top traders, and provides social graphs of their addresses and users. It can be said that it integrates the concepts of on-chain, social, trading, and AI data sets.

The platform is actually supported by the ecological graph protocol Tapestry. When claiming the CA, Tapestry’s official Twitter account was very literary and used an acrostic poem H 4 PH, which happens to be the first four digits of the $SSE contract address. At a time when Twitter scrapers are prevalent, it is really refreshing.

I don’t know if it’s a marketing trick, but the income of the dev wallet was discovered on another on-chain social app “VECTORDOTFUN” and revealed on X, and the current income is close to 2.5 million US dollars. Later, dev “nemoblackburn” even shared a Vectordotfun internal test invitation code on Twitter and pinned the tweet “i love degens”. The overall operating atmosphere is full of Degen’s flavor.

Tapestry behind SSE

Tapestry is a social graph protocol built on the Solana blockchain that aims to provide infrastructure for decentralized applications (dApps) so that developers can easily implement complex social functions. It provides strong support for decentralized social platforms, social networks, and other blockchain applications that rely on user interaction.
On January 17, Tapestry announced that its Series A funding round was led by Fabric Ventures and the founder’s former employer Union Square Venture, with participation from Aptos, Foresight, Social Graph and other institutions, raising $5.75 million at a valuation of $70 million. Founder David Gabeau forwarded the financing information and compared Tapestry to the email protocol SMTP. In a sense, the chain address and email do have many similarities.

Tapestry is not the first attempt of founder David Gabeau on the Solana chain. He made a solana social art product Primitives three years ago. The mature team and the marketing model that fits the Degen atmosphere attracted on-chain players who were hungry for new narratives in the bear market, thus creating $SSE, a golden dog that went against the trend.

But whether this is just a flash in the pan or whether it can be built into a high-quality social data product like Cookie, VECTORDOTFUN and Warpcast depends on the market and the reaction of the project. This article is not a financial advice NFA, please always remember DYOR before any investment.

This article is sourced from the internet: The market value of $50 million in 4 hours, an article to learn about Solanas on-chain AI social project $SSE

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