In May, the Solana Foundation held Solana Season, one of the largest hackathons in IT history. More than 13,000 developers participated in it and the winners received prizes worth $1 million.
Here are some of the brightest winners of the Solana Season.
Organizers and prize fund of Solana Season
The hackathon was held from May 15 to June 7. Participants developed applications, tools and infrastructure elements on Solana blockchain.
The event was organised by the Solana Foundation. It is a non-profit organization that develops the Solana ecosystem: it issues grants for product development and the creation of training materials, organizes hackathons and marketing events. In addition to the Solana Foundation, the hackathon was supported by ecosystem projects and local ecosystem communities.
Hackathon participants created 350 projects. The jury evaluated them based on the following criteria:
- impact on the ecosystem;
- Design and user experience;
- possibility of linkage.
The total prize fund of Solana Season was about $1 million. 39 teams won the hackathon. They received prizes from Solana Foundation, hackathon sponsors and regional blockchain companies.
On July 5, Solana and the winners of the hackathon held an online conference to discuss the results of Solana Season and the prospects for the blockchain industry in Eastern Europe.
Grand Prix, DeFi, NFT, Web3 and Community Choice
The grand prize of the hackathon went to Zeta, a DeFi options platform with undervalued collateral. The project uses a hybrid of an order book and an automated market maker. This solution increases liquidity and improves the pricing process. The Zeta team received $30,000, as well as two tickets to the Solana event in Lisbon and $1500 for airfare.
The judges named Solend, an algorithmic decentralized lending protocol, the best DeFi project. It supports issuing loans in any asset on the Solana blockchain. The award for the Solend team was $20,000.
The most advanced NFT project was Coral Reef, an NFT marketplace with token splitting capabilities. Its developers received $20,000.
The winner in the Web3 category was Solarium, a messenger based on the Solana blockchain. It is fully decentralized, resistant to censorship and uses end-to-end encryption. You only need a Solana wallet to register with Solarium. The developer prize is $20,000.
The Community Choice Award went to Boring Protocol, a decentralized VPN service on the Solana blockchain. The solution includes a p2p bandwidth marketplace and applications to ensure traffic anonymity. The project team received $5,000.
Awards from sponsors
DEX Serum awarded the developers of Slope, a decentralised exchange that accepted bids faster than its competitors and charged lower trading fees. The prize is worth $25,000.
The ecosystem of decentralized applications Kin rewarded the project Cyclos, a market maker of concentrated liquidity in Serum’s order books. The developers of Cyclos received $12,000.
Representatives of Our Network liked the FM Gallery platform, which helps spread and popularize NFT art on the Solana blockchain. The sponsor awarded the project team $11,000.
The developers of Oracle Pyth highlighted SolFarm, a cryptocurrency yield aggregator. Its users can place assets on cryptocurrency lending platforms with better terms and create their own lending markets. The project won $25,000.
DeFi project Raydium has awarded the developers of Laguna Finance-an ecosystem for asset management on the Solana blockchain. The prize is RAY 3,000 ($9,000 at the time of publication).
Decentralised content delivery network Media Network awarded $30,000 to project HOAG, a p2p streaming platform with censorship resistance, embedded payments and NFT support.
Automated market maker Orca AMM awarded $52,500 to the developers of arbitrage bot Orca Arb. They estimate that the bot can generate daily profits of between 2% and 8%.
Prizes for Eastern European projects
Regional representatives from Eastern Europe have awarded:
Everlend’s crosschain lending protocol. Its users have access to leverage and liquid asset-stacking. The prize amount is $25,000.
Solaris Instant Lending Protocol. The team prize is $15,000.
The NFT UNQ Club collection platform. Users can join clubs and collect funds to collectively buy tokens. The project received $10,000.
Decentralised exchange Serum celebrated crosschain lending protocol Everland. The reward is $40,000.
Crosschain security protocol HAPI gave away a prize to the developers of Solbridge. They created a bridge to transfer tokens between EVM-compliant networks and Solana. The award amounted to $25,000.
Decentralised cloud hosting service Akash gave away three projects:
Newsystem090, an application to deploy Akash using a Docker container. The prize is 2,500 AKT tokens ($6500 at the time of publication).
Ovrclk – an application for deploying the Kanboard project management tool on Akash MAINNET 2. The prize is 250 AKT ($650 at time of publication).
CoffeeRoaster – a graphical wrapper for the Akash CLI command line interface. The prize is 250 AKT ($650 at time of publication).
The Spacemind development team has awarded prizes of $10,000 each:
Solarea blockchain browser and onchain packet manager;
Solaris instant decentralised credit protocol.
In addition, the developers of Solarea and crosschain bridge Solbridge each received $10,000 from blockchain ecosystem Velas.
The Solana Season hackathon brought the ecosystem to the attention of developers and users. Solana said the hackathon improved the protocol’s documentation, tools and training materials.
The winners are going to move their projects to the main Solana network. Seven teams have already launched working versions of the applications. The remaining developers have published Lite papers and demo versions.