DEXstasis

Fast. Decentralized. Scalable. Energy efficient. Solana can power thousands of transactions per second.

– Solana.com

While Ethereum strives to be the blockchain on which everyone can run a node, Solana prides itself on being the blockchain where everyone can afford a transaction. You don’t need a huge brain like that of Vitalik Buterin or Anatoly Yakovenko to understand what ridiculously low transaction fees, as low as $0.0001 (one hundredth of a cent), can possibly enable. A healthy and active DAO (Decentralised Autonomous Organisation) is a DAO where a high quorum is consistently reached on on-chain governance proposals, and where DAO members are very often asked to vote, sometimes on several proposals in a single day. Governance proposals are how a DAO gets ahead with executing its vision, and if a voting transaction costed around $4 or $5 (which is the average transaction fee on Ethereum), DAOs wouldn’t be able to achieve nearly as much as they can today on Solana, and DAO members would see their wallet balance plummet to the point where they’d have no choice but to put their McDonald’s cap back on. The OPOS motto – “Only Possible On Solana” – was popularised by Mert Mumtaz, CEO of the startup Helius building on Solana, to describe the vision Solana is trying to establish and all the innovative use cases that come with it, like the one described above for DAOs. But does OPOS only stand for low transaction fees? Wrong, there is much more to it than just that…