At press time, Solana is the fifth largest blockchain by market capitalization and is changing hands for $ 180.84. Alt has gained 2.86% in 24 hours but has also seen growth over the past week. In fact, it was up 5.19% in seven days.

It’s been a busy time for the Solana community, which is growing rapidly in various parts of its ecosystem. One example of this is Solana Labs started a new folder where users can share and vote on projects.

Source: Solana.com

Arrive participation, users need to log in through Twitter, submit the required information, and wait for approval. Once approved, backers can increase the popularity of the project by voting for it. At the time of writing, the NFT war game Aliens VS People is a leading contender.

1 / ????The Solana ecosystem has grown incredibly fast – faster than any other website can keep up.

Introduction of a new directory, a community-led ecosystem of @SolanaLabs. Users can now submit their projects, discover new projects and vote on their favorite projects. https://t.co/E9JOZd6dWr

– Solana (@solana) December 17, 2021

a look back and a look back into the past

While Solana seems to have come a long way, its founding history is not undisputed. In fact, many crypto supporters are still against the initial token allocation and the help the project received from venture capitalists.

The token distribution is important to determine the distribution of power in blockchains.

Centralized insider ownership can permanently affect the ability of projects to act as trustworthy neutral public infrastructure.

Oligarchy is the system we believe interferes with.

First / pic.twitter.com/140092y1mu

– Ryan Watkins (@RyanWatkins_) May 17, 2021

Everything came to a head when a Twitter user pointed this out to Solana co-founder Raj Gokal. operator answered,

“If there had been a way to build Layer 1 from the ground up with less VC capital, less allocation to insiders, and more allocation to the public, we would have done it. The market was very different back then and we only just missed it. “

Co-founder Anatoly Yakovenko. his part answered,

“The organization is distributing tokens to people doing the job of maximizing censorship resistance over the long term and demonstrating the operational skills to create a true copy that can participate in recovery after catastrophic failures. Wtf what else should it do? “

Scan my soul

Although it is about VCs, Solana News reported that block explorer Solscan has secured $ 4 million in seed funding to launch Solscan Analytics and improve its services. Multicoin Capital and Electric Capital led the financing round.

that’s bigger than the seed round, which we hardly found together in 2018. http://t.co/DuVWjxCW19

– Raj Gokal (@rajgokal) December 17, 2021

It’s interesting to note that Solana raised $ 20 million in its own A-chain funding round, with Multicoin Capital leading the way.