Solana Ecosystem Shows Two-Speed Growth: New User Acquisition vs. Engagement Deepening
The cluster reveals a bifurcated Solana ecosystem where infrastructure and DeFi leaders like Squads and Jupiter drive momentum through new wallet acquisition and transaction growth, while established projects including Ondo and Zeta see intense social engagement but declining new user share, suggesting a shift from acquisition to retention-focused phases. DeFi protocols dominate the landscape, showing strong activity across both emerging and mature project cohorts.
Investigation Trace
AI agent reasoning steps
Analyzed Squads Protocol using repo_inspector. Key z-scores: z_tx_count=2.00, z_unique_wallets=2.00, z_new_wallet_share=2.33, z_commits=2.00, z_mentions_delta=2.00, z_unique_authors=2.00, z_engagement_delta=2.00
Analyzed Jupiter Perpetuals using dependency_tracker. Key z-scores: z_tx_count=2.00, z_unique_wallets=2.00, z_new_wallet_share=2.33, z_mentions_delta=2.00, z_unique_authors=2.00, z_engagement_delta=2.00
Analyzed Flash Trade using social_pain_finder. Key z-scores: z_tx_count=2.00, z_unique_wallets=2.00, z_new_wallet_share=2.33, z_mentions_delta=2.00, z_unique_authors=2.00, z_engagement_delta=2.00
Analyzed Ondo Finance using idl_differ. Key z-scores: z_mentions_delta=5.00, z_unique_authors=5.00, z_engagement_delta=2.00
Analyzed Zeta Markets using competitor_search. Key z-scores: z_mentions_delta=4.00, z_unique_authors=4.00, z_engagement_delta=1.95
Evidence
30 signals across onchain, dev, and social
Onchain
15z_new_wallet_share for Squads Protocol is 2.33 standard deviations above baseline, indicating significant onchain activity growth.
z_tx_count for Squads Protocol is 2.00 standard deviations above baseline, indicating significant onchain activity growth.
z_unique_wallets for Squads Protocol is 2.00 standard deviations above baseline, indicating significant onchain activity growth.
z_new_wallet_share for Jupiter Perpetuals is 2.33 standard deviations above baseline, indicating significant onchain activity growth.
z_tx_count for Jupiter Perpetuals is 2.00 standard deviations above baseline, indicating significant onchain activity growth.
z_unique_wallets for Jupiter Perpetuals is 2.00 standard deviations above baseline, indicating significant onchain activity growth.
z_new_wallet_share for Flash Trade is 2.33 standard deviations above baseline, indicating significant onchain activity growth.
z_tx_count for Flash Trade is 2.00 standard deviations above baseline, indicating significant onchain activity growth.
z_unique_wallets for Flash Trade is 2.00 standard deviations above baseline, indicating significant onchain activity growth.
z_unique_authors for Ondo Finance is 5.00 standard deviations above baseline, indicating significant onchain activity growth.
z_unique_authors for Zeta Markets is 4.00 standard deviations above baseline, indicating significant onchain activity growth.
z_unique_authors for Access Protocol is 5.00 standard deviations above baseline, indicating significant onchain activity growth.
z_unique_authors for Drift Protocol is 2.00 standard deviations above baseline, indicating significant onchain activity growth.
z_unique_authors for Pump.fun is 2.00 standard deviations above baseline, indicating significant onchain activity growth.
z_unique_authors for Pyth Network is 2.00 standard deviations above baseline, indicating significant onchain activity growth.
Social
12z_mentions_delta for Ondo Finance is 5.00 standard deviations above baseline, indicating significant social activity growth.
z_engagement_delta for Ondo Finance is 2.00 standard deviations above baseline, indicating significant social activity growth.
z_mentions_delta for Zeta Markets is 4.00 standard deviations above baseline, indicating significant social activity growth.
z_engagement_delta for Zeta Markets is 1.95 standard deviations above baseline, indicating significant social activity growth.
z_mentions_delta for Access Protocol is 5.00 standard deviations above baseline, indicating significant social activity growth.
z_engagement_delta for Access Protocol is 2.00 standard deviations above baseline, indicating significant social activity growth.
z_mentions_delta for Drift Protocol is 2.00 standard deviations above baseline, indicating significant social activity growth.
z_engagement_delta for Drift Protocol is 2.00 standard deviations above baseline, indicating significant social activity growth.
z_mentions_delta for Pump.fun is 2.00 standard deviations above baseline, indicating significant social activity growth.
z_engagement_delta for Pump.fun is 2.00 standard deviations above baseline, indicating significant social activity growth.
z_mentions_delta for Kamino Finance is 2.00 standard deviations above baseline, indicating significant social activity growth.
z_mentions_delta for Pyth Network is 2.00 standard deviations above baseline, indicating significant social activity growth.
Developer
3z_commits for Kamino Finance is 2.00 standard deviations above baseline, indicating significant dev activity growth.
z_releases for Kamino Finance is 2.00 standard deviations above baseline, indicating significant dev activity growth.
z_new_contributors for Pyth Network is 4.00 standard deviations above baseline, indicating significant dev activity growth.
Build Ideas
0 actionable ideas with saturation analysis