Solana-Powered AI, Unlocking Bitcoin Network Liquidity For Solana & More

Welcome back!

This is J264G and this week I’ve got these titbits for you:

• Solana-Powered AI: io.net — the largest global decentralised GPU network.

• Bitcoin Liquidity: Zeus is in the process of unlocking Bitcoin network liquidity.

• DEX Volume: Solana is on its way to match Ethereum’s DEX volume.

What’s not new this week? That’s right, regularly scheduled Solana FUD ⬇️ 

Seems as if some people continue to left-curve Solana, not Pantera though — the asset manager seems to be unbothered, moisturised, happy, in its lane, focused, and flourishing.

We’ve got a lot to discuss, so let’s cut right to it!

Click on any underlined heading/hyperlink to learn more.

Spotlight

Solana-Powered AI

Compute.

One of the scarcest resources — globally. 

And with AI, access to compute is getting even more competitive.

Thus, we need innovations and new models that allow for a more democratised access to computing resources. 

That's precisely what we’re all about at io.net.

But what exactly does io.net do? 

Let’s dive right in!

Basically, io.net is a network of 60,000 GPUs that create co-located and geo-distributed computing clusters — on top of Solana. 

This makes io.net the largest decentralised GPU network in the world — capable of catering to the full AI/ML workload lifecycle.

In this context, providers such as Render (image rendering) and Filecoin (storage) supply their compute capacity to io.net, in addition to io.net's native i.e. direct GPU suppliers.

Thus, io.net creates a win-win scenario: data centres, miners, providers, and individuals supply underutilised GPU capacity to earn revenue, while AI engineers and enterprises get a cost-effective access to compute — all while enjoying low latency.

io.net | Quick View

Access

Centralised cloud providers such as AWS and Google Cloud are unable to meet the demand for AI/ML compute. io.net, however, allows anyone to tap into a global network of GPU on demand — making long lead times a thing of the past.

Cost Efficiency 

io.net leverages underutilised GPUs of independent data centres, miners, providers, and individuals, which is cost effective and allows AI engineers and enterprises to significantly reduce their cost for on-demand compute.

Scalability

io.net enables AI engineers and enterprises to instantly create clusters of up to tens of thousands of GPUs to handle whichever AI/ML workload is needed and required — from training new models to running inferences.

Community

As a decentralised physical infrastructure network (DePIN), io.net does not only benefit AI engineers and enterprises, but also communities. Independent data centres, miners, and providers all contribute to the network, fostering collaboration and innovation on a global scale.

Contribute

If you have a GPU/CPU that meets our standards, consider contributing to the io.net network. By joining forces, you can help us build a more accessible and cost-effective computing ecosystem for everyone, all while earning rewards!

I hope I ignited your curiosity and successfully nudged you to dive into the world of decentralised computing powered by Solana!

We’re stoked for you to join us — either by deploying and managing GPU clusters with io.net Cloud, or by unleashing the full potential of your AI/ML projects on our network.

Number Of The Week

News Bites

BTC Liquidity: Currently, the BTC network holds $2.95 billion in TVL, while Solana holds $3.30 billion. However, compared to Solana, the BTC network hasn't registered any significant bridged TVL i.e. TVL inflows/outflows as of now. By connecting the BTC network to Solana, Zeus — a permissionless communication layer — is in the process of changing just that.

Frictionless Liquidity: Circle just announced that its Cross-Chain Transfer Protocol will launch on Solana shortly. The benefit? The built-in burn-and-mint mechanism allows USDC to move across blockchains with ease and zero slippage, enabling frictionless liquidity flows from almost any network to Solana.

DEX Volume: A year ago, Solana only had a ~1% DEX volume market share, compared to Ethereum's 50%-70%, according to Tom Wan (Strategy & BD at 21co). Now, Solana owns ~29% of the total DEX volume, while Ethereum owns ~36%. It will be interesting to see how things develop throughout the course of the year!

Protocol Security: While Solana’s DEX volume is reaching unprecedented levels, protocol security should be at the very forefront. In this context, Mango is pushing the envelope with regularly scheduled follow-up audits, which you can explore here. 

Supporting Firedancer: The Solana Labs validator software has now been officially forked into a repository managed by Anza — enabling the team to build its new validator client “Agave”. Why Agave? Well, the new validator client is able to better support the Firedancer client that is currently being developed by Jump Crypto.

Dev Shop: Are you looking for Solana native developers to build your project, or are you looking to outsource Solana-centric workloads? The newly launched Turbin3 team has got you covered!

Minting Moments: Phantom now allows you to mint NFTs directly within its mobile app — for free! Capture the moment: Take a picture, mint it as a NFT, and share it with your family and friends!

Caught In 4K

Weekly Takes

Keks & Giggles

And that's a wrap!

If you'd like to reach me, respond to this newsletter or reach out to me on 𝕏.

Talk soon!

J264G

_{DISCLAIMER
None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. Lastly, please be advised that we discuss products and services from our partners from which our team members may hold tokens/equity.}