Paws’ shift to Solana drives ecosystem growth with 9M+ Phantom Wallet installations and 1M new addresses, while its NFT collections see 12K SOL trading volume on Magic Eden.
The strategic migration of Paws’ 82M-user Telegram mini-app to Solana has triggered a 22% surge in Phantom Wallet adoption and catalyzed infrastructure testing for Firedancer’s 1M TPS capabilities.
Telegram Mini-App Triggers Infrastructure Stress Test
The Paws team confirmed its full migration from TON to Solana on 10 July 2024, citing Solana’s $0.00025 average transaction fee as critical for supporting NFT-gated features. Within 72 hours, Solana validators processed 28 million pet adoption transactions, according to Solana Compass data from 13 July.
Phantom Wallet Becomes Gateway for Telegram Users
Cointelegraph’s 15 July report revealed Phantom Wallet installations grew 22% week-over-week to 10.1 million, with 68% of new users completing their first transaction via Paws’ in-app prompts. ‘This demonstrates Telegram’s power as a Web3 onboarding funnel,’ said Phantom CEO Brandon Millman during ETHCC.
Firedancer Upgrade Enters Critical Testing Phase
As Paws’ user base hit 82 million on 17 July, Solana developers accelerated testing of the Firedancer validator client on testnet. The upgrade aims to achieve 1 million TPS through parallelized transaction processing – a requirement highlighted by Paws’ peak of 890K simultaneous users.
NFT Markets See Cross-Chain Migration
Magic Eden’s 16 July analytics report showed 18% of Paws-related NFT trades originated from Ethereum wallets, signaling interoperability demand. The platform’s ‘Paw Guardians’ collection now ranks #3 in Solana NFT volume, trailing only Mad Lads and Tensorians.
DeFi Protocols Capitalize on User Influx
Raydium’s TVR grew 40% to $1.2B since the migration, with 28% of new liquidity providers coming directly from Paws’ DeFi education modules. ‘Social apps are becoming the new frontend for decentralized finance,’ noted Delphi Digital analyst José Macedo.
Roadmap Reveals Web3 Gaming Ambitions
Paws’ CTO outlined plans for a Q3 in-app marketplace supporting SPL tokens and partnerships with Star Atlas and Aurory for pet-themed gaming assets. The project aims to convert 15% of its user base to active Web3 gamers by 2025.
Historical Context: From Payment Apps to Blockchain Gateways
Paws’ growth trajectory mirrors Alipay’s 2014-2016 expansion, when the payment app grew from 300M to 450M users by integrating wealth management tools. However, blockchain integrations face unique challenges – Telegram’s 2020 TON shutdown by the SEC highlights regulatory risks even for large platforms.
Scalability Wars Resurface
Solana’s current infrastructure push recalls Ethereum’s 2017 scaling debates preceding DeFi Summer. While Firedancer’s testnet success is promising, the network must maintain reliability under real-world loads – a hurdle that previously caused 75% price drops during 2021’s congestion crises.
