DeFi Market Overview

Solbank - A scalable and decentralized exchange built on Solana.

The world is currently experiencing simultaneous revolutions in communication, data, and blockchain technologies, with profound interconnectedness and far-reaching impacts on the global economy. Messaging app usage continues to soar, with over 3 billion individuals engaged by 2023, representing 90% of all smartphone users. Every minute witnesses nearly 60 million messages shared globally via WhatsApp and Facebook. Additionally, data generation is growing exponentially, fueled by advancements such as IoT and 5G technology. By 2025, data generation is projected to surge to 200 Zettabytes, with 75 billion IoT devices connected, compared to 31 billion in 2020. Notably, an estimated 90% of all data ever generated was produced in the last two years alone.

Concurrently, blockchain technology is fundamentally reshaping the transmission and storage of value and information. Leveraging its inherent advantages of data security, transparency, and immutability, blockchain applications are gaining traction across various sectors, including healthcare, banking, trade finance, and more. Cryptocurrencies, particularly Bitcoin and Ether, have surged to a combined value exceeding $2 trillion in 2021, boasting over 300 million users worldwide and over 75 million wallets as of September 2021, up from less than a million in 2013.

However, these advancements are accompanied by unprecedented threats. Data breaches and cybercrimes are escalating at an alarming rate, with cybercrime projected to cost the world's economy an estimated $10.5 trillion annually by 2025, representing 9% of global GDP, up from $3 trillion in 2015. Crypto asset thefts are also on the rise, with an average of over $10 million stolen daily in 2020. Total thefts have increased by 1,000% in the October 2020 to March 2021 period compared to the previous year.

Enter SolBank—a decentralized messaging and crypto trading platform built on the Solana Blockchain.

SolBank, powered by its innovative architecture and staking/rewards token, SOLBANK, provides maximum security for communications, file storage, and crypto secure trading. Its proprietary P2P trading protocol facilitates direct trading of various crypto assets, including NFTs, at competitive costs, effectively eliminating existing threats and weaknesses. SolBank heralds a new era of safer global communications and crypto trading.