Recently, there's been a lot of talk in the circle about a fierce character - Saros! Someone went back through the records and found that in April, $SAROS was around $0.11, and now it has soared to over $0.38, increasing by 2464% in less than a year, with a market cap directly surpassing $1 billion. This dark horse is really running wild! 🚀
✨ Saying it’s impressive is no exaggeration:
1️⃣ The newly released DLMM model is simply explosive. It just launched in June, and within two months, it achieved over $60 million in trading volume, with TVL approaching $30 million. LPs are saying it's great; liquidity management is extremely efficient, and the profits are significantly higher than before.
2️⃣ The full-stack DeFi ecosystem is expanding rapidly, with tools like SarosSwap and Perp being particularly effective. Take the Perp contracts for example: the trading volume for Bitcoin/USDC is $158 million, and for Ethereum/USDC, it's $221 million, with open interest alone reaching $28 million—it's incredibly hot.
💪 Even more impressive is the buyback plan; the foundation directly purchased 100 million $SAROS from the market, totaling about $38 million! Moving forward, they will continue to buy with 20% of the protocol revenue and will release reports annually on the progress, which is definitely reassuring.
🤝 There are many big players behind it, with institutions like Solana Ventures and Hashed Fund investing, and collaborations with giants like OKX and Wormhole are expanding the ecosystem rapidly.
Official website: https://www.saros.xyz/
White paper: https://docs.saros.xyz/
Official Twitter: https://x.com/saros_xyz
https://x.com/SarosPerps
Saros is more than just a DEX; it’s clearly a fierce character aiming to reshape the liquidity standards of Solana! 🚀
