"SHDW"

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ShdwDrive platform is a high-performance cloud storage platform developed by GenesysGo, fully supported by a decentralized network of operators, employing the Proof of History (PoH) consensus mechanism to ensure block order through a time series.

This article explores Shadow. As one of the earlier projects launched on Solana, this product launched by GenesysGo has undoubtedly contributed to the growth of the Solana ecosystem.

On October 28, the price of BTC increased by 0.91% over the past 24 hours, currently standing at $67,789, while ETH dropped by 0.23% to $2,476. The S&P 500 index fell by 0.03%, the Nasdaq rose by 0.56%, and the Dow Jones declined by 0.61%. Since July 1, Farcaster’s cumulative revenue has exceeded $2 million, but it grew by only $340,000 in the past four months, reaching $2.34 million. On October 26, the Layer 2 network Base saw single-day stablecoin trading volume surpass $18.1 billion. On October 24, tokens issued by Pump.fun recorded daily trading volumes exceeding $2 billion on the Solana DEX.

Solana is an efficient, fast, low-fee PoH-based blockchain founded in 2017 by former Qualcomm executive Anatoly Yakovenko. After experiencing the FTX thunderstorm, the Solana ecosystem has regained its vitality due to market recovery, the emergence of new projects, and high-performance features that promote the prevalence of meme culture. The total number of SOL tokens is 573 million, and the circulation is 444 million. The market value has exceeded the high point of the previous bull market. Solana's TVL is $4.99 billion, just one step away from the last bull market's high of $10 billion.

This Solana ecosystem overview aims to provide an in-depth analysis of the rapidly developing Solana ecosystem by categorizing and organizing over 250 of the most active projects, ranging from the infrastructure layer to consumer applications.