Don’t Blink or You’ll Miss It: Solana Blinks Record Historic Achievements Within Two Weeks of Launch
Just two weeks after their bombastic entrance into the ecosystem, Solana Blinks have proven they are here to stay. What are some of the highlights of Blink adoption and utility?
- Author: Finn Miller
- Published: July 13, 2024 at 06:30
- Updated: July 13, 2024 at 06:26
Solana Blinks made waves throughout the community when it launched just over two weeks ago. Promising to bring Solana to the general public with unprecedented seamlessness, Blinks aims to make interacting with Solana easier than ever before.
Two weeks on, what are some of the biggest success stories and exciting future possibilities?
Send It Tops NFT Trading Volume Across All Chains
A community-led initiative highlighting the power and accessibility of Blinks technology, the Send It NFT collection has made Solana history. A free mint launched through Social Media, the Send It collection became the largest NFT mint in Solana history, with 100,000 collectibles up for grabs via Blinks.
But the historic collection didn’t stop there. In anticipation of an upcoming SEND token airdrop, Send It NFT trading volume has exploded. Born from a free mint, Send It NFT floor price skyrocketed to an all-time high of 0.66 SOL.
Amidst the excitement, the collection attracted over $1M in daily trading volume, leading collections across all blockchains.
Spurred on by Send It’s success, Solana has reclaimed its position as the most popular chain for NFT trading activity, based on data provided by NFTpulse.
The Send It team has since established itself as a leader within the Blinks ecosystem, highlighting over 100 potential new use cases for the nascent technology.
Charitable Blinks, Blink Meme Coins, Blink Election
One of the most thoughtful potential use cases of Blinks technology was suggested by 𝕏 user 0xDesigner. Taking a philanthropic approach, 0xDesigner has suggested leveraging Blinks technology to simplify and streamline charitable donations.
Taking things a step further, 0xDesigner proposes incorporating direct swaps to USDC within the contract. This means that Solana users will be able to instantly swap meme coins into USDC and transfer that value to a cause they believe in, all in one click.
DeFi applications are harnessing Blinks to simplify their onboarding process, and give existing users greater flexibility and access to their platforms. For example, Drift Protocol now supports direct USDC deposits using Blinks, making it easier for users to fund their accounts and start earning yield faster.
Other applications to have surfaced include instant no-code token creators. Applications like blnk.fun target Solana’s active meme coin community, offering a token launchpad reminiscent of pump.fun. In a unique twist, tokens created through the platform can only be traded via Blinks.
Disclaimer: SolanaFloor does not endorse using this product, and encourages all users to conduct thorough due diligence before engaging in any onchain activities.
On the other hand, popular applications like Hedgehog have incorporated Blinks into their own election prediction markets.
For the first time ever, the Solana community can place bets on the 2024 U.S. election onchain directly from 𝕏, with any winnings paid out directly to their crypto wallet.
Finally, platforms like TipLink have streamlined the onboarding process, making it easier than ever to bring non-crypto folk into the Web3 world.
Blinks: Where Solana Meets the Internet
Currently serving as Developer Relations at the Solana Foundation, Nick Frostbutter is one of the biggest advocates of Blinks technology. Aiming to make Blinks safer for everyone, Frostbutter has developed the Blinks Inspector tool, a free application that enables users to test and verify the functionality of Blinks before interacting with them.
A staunch proponent of the Blinks ecosystem, Frostbutter contends that the biggest advantage of Blinks is that they facilitate an easier way to engage with blockchain technology.
Blinks development and adoption is still in its infancy, but the creativity on display proves that this technology still has plenty of surprises in store. With blockchain technology becoming more accessible by the day, Blinks may become an essential feature in the future of social media and beyond.
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