New Layer-1 Blockchains Utilize Solana’s Software Technology
Solana's performance as a leading layer-1 blockchain is attracting developers to create new chains utilizing its technology. Key projects include:
- Fogo: A forthcoming layer-1 that plans to maximize Solana's SVM performance using a modified Firedancer validator client. It raised $8 million at a $100 million valuation.
- Pythnet: An SVM app chain launched in August 2022, aggregating price data from Pyth operators acting as validators.
- Solayer: Originally a Solana restaking protocol, it pivoted to launch its own layer-1, claiming up to one million transactions per second, though some figures are disputed.
- JupNet: Teased by Jupiter as an omnichain network aiming for a unified decentralized ledger; details remain limited.
- Cube: Building an SVM L1 as part of a hybrid exchange model, confirmed by co-founder Bartosz Lipinski.
- Thru: Built on the new ThruVM, co-founded by a former core engineer of Solana’s Firedancer client.