Parsec Weekly #49
Welcoming the Parsec Explorer and the Almighty Jito Airdrop
The Parsec Explorer ðŸ”
-parsec team
You might have seen our tweet on Wednesday but we wanted to address our recent product launch here in the weekly too.
Here at parsec we’ve been working tirelessly for the past 5 months building out the next iteration of our platform: The Parsec Explorer. Building on our already humming onchain terminal, the Parsec Explorer takes the most valuable insights Parsec has to offer and neatly packages them into a feature complete multi chain block explorer:
Unlike the typical block explorer which shows the same information for every contract address, as a high context block explorer, we build a custom layout for each type of address.
For example, search for favorite NFT and see a custom layout showing prices, trades, holders and more:
Alternatively, for each chain we support, we have a layout that aggregates gas usage, trending contracts and trending assets on that chain:
These are just a few simple examples, the underlying message is that the Parsec Explorer brings context to the block explorer experience. Leveraging our existing base of 100+ components and cross chain coverage (9 chains currently), we build relevant layouts for numerous address types across chains to bring high fidelity information to the user quickly.
Explore for yourself at parsec.fi
Check out our founder Will’s thread on our unique features here
Read our official blogpost here
The Almighty Jito Airdrop
Historically the parsec weekly has been focused on Ethereum and the EVM ecosystem given this represents our current data offering. However, we are not blind to relevant happenings elsewhere in the Crypto economy.
Jito offer Jito-Solana, an MEV client which ~41% of clients run, and JitoSOL, their MEV-boosted LST which is the fastest growing SOL LST and 2nd largest by TVL. With 10% of supply earmarked for a retroactive airdrop, yesterday almost 10,000 addresses were able to begin claiming JTO (their native governance token):
JitoSOL Users, Jito-Solana Validators and Jito MEV Searchers were all eligible to claim newly endowed governance rights but interestingly, the structure of the airdrop was more skewed towards smaller wallets as the token distribution curve did not scale linearly with SOL staked:
A user who staked just 1 JitoSOL (which might have cost $50-60 if they entered in November) is eligible for the lowest tier which equates to 4941 tokens or ~$18k at the time of writing!
For many this concentrated onchain wealth effect is reminiscent of the UNI airdrop back in 2020 which further strengthens the analogy that SOL looks similar to ETH, just 1 cycle behind... With impressive price performance over previous months, this meaningful onchain stimulus check and further airdrops/token launches incoming, Solana Season is well and truly underway.
Here at parsec we are cognisant of the landscape we operate in and for this reason we are actively exploring how we can support new chains and ecosystems in the future... stay tunedâ„¢.
As always we appreciate your readership, if you enjoyed this article please leave a like and share it around. Have a good weekend and we’ll see you next week!
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