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1/3 The Wolf of SolStreet
Part 1 of 3 in a series of Devnet trading competitions.

Results

The Wolf of SolStreet: Results
Medium
Read the full results article on our Medium channel
Competition stats
  • +50k valid entries, +13k funds created, +35k swap transactions, & 1,503 prize winners
  • Best performing coin: Serum (+98%)
  • Best investor ROI: 114.84%
  • Best fund Sharpe ratio: 0.5521 (Anik mondal)
  • Best fund ROI: 122.6% (Sleepy_halo)
The inaugural competition of the Money Never Sleeps trading challenge series, The Wolf of SolStreet, helped vindicate our decision to develop SolStreet on the Solana blockchain. Having concluded on the 16th of August, the challenge saw over 50,000 valid registrations, 13,130 funds created and 35,451 swap transactions performed during the two-week period. If the competition had instead been hosted on the Solana MainNet, the sum of all transaction costs would have been in the region of only $30. In comparison, the network fees that would have been incurred running the competition on the Binance Smart Chain would have been in the region of $35,000, or a staggering $2,500,000 on the Ethereum blockchain.
The competition saw traders compete under bullish conditions in crypto markets, with the best performing funds relying heavily on incredible 2-week performances from Solana (+92%) and Serum (+98%). Both of these cryptoassets are integral to SolStreet’s value proposition and the price action is no coincidence as it coincides with an acceleration in development in the ecosystem.
Congratulations to all of our prize winners! Aside from the planned prizes, we have also decided to award some of our most active competition participants with an additional prize — 500 STRT tokens and a Wolf of SolStreet Wolfie NFT; this means that there will be a total of 7 of these exclusive NFTs minted.
To access a full list of winners and their respective token allocations, view this spreadsheet. Winners would also have received an email if they qualified for a prize.
Token prizes will be made available to winners’ Solana addresses at MainNet launch — expected later this year. Tokens vest linearly over a 4 year period, in line with vesting schedules for other ecosystem partners.
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