Solana is in need of fresh, value-based activity, and it is going to get it!
With a focus on highly liquid assets, Saros is stepping in to revitalize Solana’s DeFi landscape through its DEX that offers traders, institutions, and capital-rich investors new opportunities to deploy their capital in a secure, efficient, and growth-oriented environment.
Solana’s Need to Go Beyond Speculative Assets
The 2024 crypto bull mania was led by Solana with meme coins.
But those days are no more. After billions were extracted by insiders, scammers, and so-called celebrities, retail traders are taking their attention and business elsewhere.
As a result, Solana-based decentralized exchanges (DEXs) have had a drastic decline in activity. The daily trade count on DEXs has plunged from nearly 5 million at the beginning of this year to under 850,000 in September, according to data from Dune Analytics. Daily DEX transactions, meanwhile, have more than halved, from the July peak of about 45 million to now almost 20 million.
The collapse of meme coins is the biggest driving factor behind this data. But Solana on-chain activity isn’t an anomaly.
Crypto is primarily a speculation-driven market, and whichever narrative currently captures participants’ attention tends to enjoy the momentum. That said, it can’t be denied that the leading L1 must focus on sustainable growth through innovation and expansion beyond meme coins.
After leading the crypto market for two years now, Solana is now experiencing a lull in activity. But not everyone is off to greener pastures. Many like Saros are still working behind the scenes, taking advantage of Solana’s high-speed transactions with minimal fees to offer users exciting opportunities to deploy their capital into.
While retail is taking a breather, institutions are currently busy accumulating SOL at a rapid pace. So far, Solana-based corporate treasuries have acquired 17.17 million SOL tokens (worth more than $4 bln), representing almost 3% of the SOL supply.
Of these, $1.32 bln worth of SOL are being staked, earning an average yield of 7.96%.
DeFi activity is also surging across the board with total value locked (TVL) surpassing $159.5 bln. While the complete TVL is fast approaching the 2021 peak, the TVL of Solana DeFi has long surpassed its $9.7 bln high from last cycle as it went past $13 billion last week.
Big players are clearly exploring avenues to invest their capital. Recently, Nasdaq-listed Solana treasury company, Forward Industries, announced its plans to deploy its funds into growing Solana’s DeFi world.
Amidst this rising interest in Solana’s broad ecosystem, Saros is zeroing in on efficient capital deployment beyond speculative assets.
Saros Building A Deep Quality Liquidity Network
The Solana-based decentralized finance space is currently lacking quality assets. With the focus still largely on meme coin trading, DEXs have been neglecting the much-needed quality, liquidity, and security provided by major assets such as Bitcoin and stablecoins.
To fulfil this unmet demand, Saros is offering a Solana-based DEX and liquidity infrastructure that connects builders, traders, and liquidity providers (LPs).
Backed by Solana Ventures, Hashed, The Spartan Group, Arche Fund, Genesis Block Ventures Capital, Impossible Finance, Genblock Capital, and Kyros Ventures, Saros is building the next wave of capital efficiency.
The platform offers a venue for interested parties to provide capital in a decentralized and secure manner. And in exchange for providing liquidity on Saros, they earn fees, high yield, and other enticing rewards.
Unlike traditional DEX models, Saros offers efficient and active liquidity management through its DLMM and other market-making technologies.
An improvement over the standard AMM model, Dynamic Liquidity Market Maker (DLMM) is redefining the trading experience on Solana.
With its next-generation liquidity book, Saros is making liquidity capital-efficient and composable by default across a wider range of assets, including spot markets, derivatives, lending, forex, stablecoins, and real-world assets (RWAs). More importantly, it is built for volatility. The general-purpose liquidity engine rebalances dynamically, preserves depth, and keeps markets functional when they’re needed most.
Already, Saros is managing $10 million in daily trading volume and hosting $100 million in TVL, having increased fourfold since early September. The platform has also secured eight figures of Bitcoin liquidity from BitFi and Bedrock, with more being committed by other partners.
Already the biggest Solana DEX by Bitcoin liquidity, Saros is soon expected to have nine-figures worth of BTC in its liquidity pools. By focusing on highly liquid assets, the DEX is creating a resilient liquidity network that’s less sensitive to changing market conditions and trends like meme coins.
But that is just the beginning. After Bitcoin, Saros will move on to other assets. The protocol is also planning to introduce innovative reward structures to incentivize users more effectively and make markets on Saros DEX even more efficient.
So, by focusing on quality assets, advanced liquidity management, and institutional participation, Saros is fostering a builder-centric ecosystem designed to strengthen capital flow and unlock sustainable growth across Solana. And with Saros at the forefront, Solana can also transition from meme-driven speculation to a robust, scalable, and sustainable ecosystem.
