In the shadow of the bear market, today $SSE "Solana Social Explore" has taken the lead in clearing the fog, swiftly reaching $50 million in just 4 hours after launching on Pumpfun. What is its charm that allows it to break through amidst the cries of scarce 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, primarily by tracking address activity, popular tokens, top traders, and providing a social graph of their addresses with users. It can be said to integrate the concepts of on-chain, social, trading, and AI datasets into one.
The platform is actually supported by the ecological graph protocol Tapestry. When claiming this CA, Tapestry's official Twitter playfully created an acrostic poem "H4PH," which happens to be the first four characters of the $SSE contract address. In the current trend of Twitter, this is indeed refreshing.
It is unclear whether this is a marketing tactic, but the dev wallet's earnings were discovered and exposed on another on-chain social app "VECTORDOTFUN" on X, with current earnings nearing $2.5 million. Subsequently, the dev "nemoblackburn" even shared an internal test invitation code for Vectordotfun on Twitter, pinning the tweet "I love degens," creating an overall atmosphere filled with Degen vibes.
The Tapestry Behind SSE
Tapestry is a social graph protocol built on the Solana blockchain, designed to provide infrastructure for decentralized applications (dApps), enabling developers to easily implement complex social features. It offers robust support for decentralized social platforms, social networks, and other blockchain applications that rely on user interaction.
On January 17, Tapestry announced that its Series A funding round was led by Fabric Ventures and the founder's former employer Union Square Venture, with participation from Aptos, Foresight, Social Graph, and others, raising $5.75 million at a valuation of $70 million. Founder David Gabeau compared Tapestry to the email protocol SMTP when sharing the funding information, noting that in some ways, on-chain addresses and email have many similarities.
Tapestry is not David Gabeau's first attempt on the Solana chain; he created a Solana social art product called Primitives three years ago. The mature team, combined with a marketing model that fits the Degen atmosphere, has attracted on-chain players who are starving for new narratives in the bear market, thus creating the $SSE that rises against the trend.
However, whether this is a fleeting moment or can be developed into a high-quality social data product like "Cookie," "VECTORDOTFUN," or "Warpcast" remains to be seen based on the market's and the project's responses. This article is not financial advice "NFA," and please always remember to DYOR before any investment.
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