In the gloom of a bear market, today $SSE, Solana Social Explore, was the first to break through the clouds. Emerging from a Pumpfun internal listing, it swiftly moved $50 million in just 4 hours. What is its charm that allowed it to break through the cries of a lack of on-chain liquidity?
SSE is a social blockchain data on Solana that tracks and confirms top traders. It provides automated tools and insights to help optimize token trading decisions. It mainly tracks address activity, popular tokens, top traders, and provides a social graph of their addresses and users. It can be said to have combined the concepts of on-chain, social, trading, and AI data sets.
Behind this platform is actually supported by the ecosystem graph protocol Tapestry. When claiming this CA, the Tapestry official Twitter account played a poetic game, H4PH happened to be the first four digits of the $SSE contract address. In the current era of Twitter wordplay, it is truly refreshing to see.
Not sure if this is a marketing tactic, the dev wallet's earnings were discovered by someone on another social app called "VECTORDOTFUN" and leaked on X. The current earnings are close to $2.5 million. Subsequently, the dev "nemoblackburn" even shared an invite code for Vectordotfun's beta on Twitter and pinned the tweet "i love degens." The overall operational atmosphere is filled with Degen vibes.
Tapestry is a social graph protocol built on the Solana blockchain, aimed at providing infrastructure for decentralized applications (dApps) to easily implement complex social features. It provides robust support for decentralized social platforms, social networks, and other blockchain applications that rely on user interaction.
On January 17th, Tapestry announced a Series A funding led by Fabric Ventures and the founder's former employer Union Square Venture, with participation from Aptos and Foresight, Social Graph, and other institutions, raising $5.75 million at a valuation of $70 million. Founder David Gabeau likened Tapestry to the SMTP protocol for email in a retweet of the funding information, indicating that in a sense, on-chain addresses and emails have many similarities.
Tapestry is not founder David Gabeau's first attempt on the Solana chain; three years ago, he created a Solana social art product called Primitives. The mature team, combined with a marketing strategy that resonated with the Degen vibe, attracted on-chain gamers hungry for new narratives during the bear market, thus propelling the upward trend of $SSE, the Golden Dog.
However, whether this is a flash in the pan or can be developed into a high-quality social profile product like "Cookie," "VECTORDOTFUN," and "Warpcast" remains to be seen and will depend on the market and the project's response. This article is not financial advice ("NFA"); always remember to DYOR before making any investment.
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