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Solana-Focused Projects Whose Star Is in the Ascendency

Barbara Streisand
Barbara StreisandOriginal
2024-11-02 19:08:36625browse

What's good for them next year will likely be good for those who've claimed a place within their ecosystem now and positioned themselves accordingly.

Solana-Focused Projects Whose Star Is in the Ascendency

Two things: 2025 is almost here and Solana isn’t going anywhere. You don’t need a crystal ball then to appreciate the value of heeding Solana-focused projects whose star is in the ascendency. What’s good for them next year will likely be good for those who’ve claimed a place within their ecosystem now and positioned themselves accordingly. A rising tide may raise all ships, but some will rise higher, buoyed by the superiority of their product and their distinct value proposition.

While it would be easy to dismiss 2024 as the year when Solana memecoins went exponential, that’s a lazy synopsis that misses the real story. Yes, pump.fun transformed token issuance and spawned a slew of multichain imitators, but what really happened was retail was gifted the memes of production – an eternal ideas generation factory – and in the process discovered that in crypto, code matters but ideas matter more.

In 2025, while Solana’s retail demographic isn’t going anywhere, the network has quietly spent the last 12 months acquiring the tooling and infrastructure for other use cases and user groups to flourish, from RWAs to LSTs and from institutions to pro traders. Next year, these development efforts will coalesce, creating a perfect storm in which Solana puts further distance between itself and the chasing pack on account of its unrivaled network effects. Tl;dr: fade the following projects at your peril.

Magic Eden

Magic Eden is hardly an under-the-radar project: it’s a veritable Solana blue chip. But speaking of blue chips, there’s a particular reason why the NFT marketplace is one to watch going into 2025: the $ME token is coming and anticipation is already building among those who’ve spent the last year collecting diamonds.

Magic Eden isn’t just dropping a token though: it’s got a whole lot more up its sleeve that could reignite interest in Solana NFTs, while demonstrating that there’s a lot of life and use cases in jpegs yet. With teasers for what lies ahead starting to be dropped, now’s the time to start focusing on what Magic Eden is cooking.

Orbitt

Solana’s fast becoming synonymous with AI, aided by degens turbo-launching AI tokens, but also buoyed by more legitimate projects focused on DePIN. Think GPU, LLM data, and other assets that are integral to AI innovation. Another Solana project that’s moving the needle for AI is Orbitt, a name that should already be familiar to seasoned Solana users on account of its popular tooling such as a volume boosting bot that recently gained a dedicated pump.fun implementation.

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