In the gloom of the bear market, today it was $SSE "Solana Social Explore" that first parted the clouds and saw the light, and after being launched from Pumpfun's internal plate, it completed $50 million in just 4 hours. What is its charm, and how did it break through the lament of lack of on-chain liquidity?
Solana Social Explore
SSE is a social blockchain data platform on Solana that tracks and confirms top traders. It provides users with automated tools and insights to help optimize token trading decisions, mainly by tracking address activity, popular tokens, top traders, and providing their address and user social graph.
The platform is actually supported by the ecosystem mapping protocol Tapestry, and when claiming the CA, the Tapestry official Twitter even played a hand at acrostic poetry, with H4PH being the first four letters of the $SSE contract address, which is quite refreshing in the current era of Twitter scraping.
Whether it is a marketing tactic or not, the profits of the dev wallet were discovered and exposed on another on-chain social App "VECTORDOTFUN" on X, and the current profits have already approached $2.5 million. Subsequently, the dev "nemoblackburn" even shared a Vectordotfun internal test invitation code on Twitter and pinned a tweet "i love degens", creating an overall operating atmosphere full of Degen spirit.
Tapestry behind SSE
Tapestry is a social graph protocol built on the Solana blockchain, aiming to provide infrastructure for decentralized applications (dApps) to easily implement complex social features. It provides strong support for decentralized social platforms, social networks, and other blockchain applications that depend on user interaction.
On January 17, Tapestry announced a $5.75 million Series A round led by Fabric Ventures and Union Square Venture, with Aptos, Foresight, and Social Graph also participating, at a $70 million valuation. Founder David Gabeau compared Tapestry to the SMTP protocol for email, as on-chain addresses and email addresses indeed have many similarities.
Tapestry is not the founder David Gabeau's first attempt on the Solana chain, as he did a Solana social art product Primitives three years ago. The mature team combined with the Degen-style marketing model has attracted on-chain players who are hungry for new narratives in the bear market, thus creating the large MC memecoin $SSE that is bucking the trend.
However, whether this is a fleeting phenomenon or can be built into a quality social data product like "Cookie", "VECTORDOTFUN", and "Warpcast" remains to be seen in the market and the project's response. This article is not financial advice "NFA", and please always remember DYOR before any investment.
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