Solana Ecosystem

Underdog Protocol

An NFT API platform on Solana enabling developers to create and manage compressed NFTs at scale through simple REST APIs without requiring blockchain development expertise. Underdog abstracts the complexity of Solana's state compression technology into familiar API calls for minting, transferring, and querying NFTs, making it accessible for web2 developers building NFT-powered applications.

IDunderdog-protocol

Plain meaning

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An NFT API platform on Solana enabling developers to create and manage compressed NFTs at scale through simple REST APIs without requiring blockchain development expertise. Underdog abstracts the complexity of Solana's state compression technology into familiar API calls for minting, transferring, and querying NFTs, making it accessible for web2 developers building NFT-powered applications.

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Underdog Protocol (underdog-protocol)
Category: Solana Ecosystem
Definition: An NFT API platform on Solana enabling developers to create and manage compressed NFTs at scale through simple REST APIs without requiring blockchain development expertise. Underdog abstracts the complexity of Solana's state compression technology into familiar API calls for minting, transferring, and querying NFTs, making it accessible for web2 developers building NFT-powered applications.
Related: Compressed NFT (cNFT), NFT (Non-Fungible Token), dApp (Decentralized Application)
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Concept graph

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Branch

Compressed NFT (cNFT)

An NFT stored as a leaf in an on-chain Merkle tree via State Compression, reducing minting cost by ~1,000-5,000x. Only the tree root hash is stored on-chain; leaf data is indexed off-chain. A 1M cNFT collection costs ~50 SOL vs ~12,000 SOL for standard NFTs. Created via the Bubblegum program; transfers require Merkle proofs.

Branch

NFT (Non-Fungible Token)

A non-fungible token on Solana—an SPL token with 0 decimals, supply of 1, and revoked mint authority. The NFT's metadata (image, attributes) is stored off-chain (Arweave/IPFS) linked via the Metaplex metadata account's URI field. NFTs can be standard, compressed (cNFT), programmable (pNFT), or Core assets, each with different trade-offs.

Branch

dApp (Decentralized Application)

An application with its backend logic running on a blockchain as smart contracts rather than centralized servers. dApps typically have a traditional web frontend that interacts with on-chain programs via RPC. Users authenticate with wallets instead of username/password. Examples: Uniswap (Ethereum DEX), Jupiter (Solana DEX), Magic Eden (NFT marketplace).

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Token Ecosystem

Compressed NFT (cNFT)

An NFT stored as a leaf in an on-chain Merkle tree via State Compression, reducing minting cost by ~1,000-5,000x. Only the tree root hash is stored on-chain; leaf data is indexed off-chain. A 1M cNFT collection costs ~50 SOL vs ~12,000 SOL for standard NFTs. Created via the Bubblegum program; transfers require Merkle proofs.

Token Ecosystem

NFT (Non-Fungible Token)

A non-fungible token on Solana—an SPL token with 0 decimals, supply of 1, and revoked mint authority. The NFT's metadata (image, attributes) is stored off-chain (Arweave/IPFS) linked via the Metaplex metadata account's URI field. NFTs can be standard, compressed (cNFT), programmable (pNFT), or Core assets, each with different trade-offs.

Web3

dApp (Decentralized Application)

An application with its backend logic running on a blockchain as smart contracts rather than centralized servers. dApps typically have a traditional web frontend that interacts with on-chain programs via RPC. Users authenticate with wallets instead of username/password. Examples: Uniswap (Ethereum DEX), Jupiter (Solana DEX), Magic Eden (NFT marketplace).

Solana Ecosystem

Wormhole Queries

A feature of the Wormhole protocol enabling cross-chain data reads from Solana without requiring full bridge transfers. Wormhole Queries allows smart contracts on other chains to verify Solana on-chain state including account data, token balances, and program state by requesting attestations from Wormhole's guardian network, enabling lightweight cross-chain composability without moving assets.

Commonly confused with

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Solana Ecosystemaccess-protocol

Access Protocol

A content monetization protocol on Solana where creators stake ACS tokens and subscribers lock tokens to access premium content, replacing traditional paywalls with a staking-based model. Subscribers maintain access as long as their tokens remain locked, earning staking yields while supporting creators. The protocol enables a non-extractive relationship between content producers and their audience.

AliasACS
Solana Ecosystemgrape-protocol

Grape Protocol

A community management and identity verification tool on Solana enabling token-gated access, reputation scoring, and community analytics for DAOs and projects. Grape allows communities to set membership requirements based on token holdings, NFT ownership, or on-chain activity, creating verified community spaces with tiered access levels and contributor reputation tracking.

Solana Ecosystemhubble-protocol

Hubble Protocol

A DeFi protocol on Solana for minting USDH stablecoin against multi-asset collateral including SOL, BTC, ETH, and liquid staking tokens. Hubble pioneered the multi-collateral CDP (Collateralized Debt Position) model on Solana, allowing users to deposit diverse assets into a single vault to borrow USDH at low interest rates while maintaining exposure to their collateral.

AliasHubbleAliasUSDH
Related terms

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Token Ecosystemcompressed-nft

Compressed NFT (cNFT)

An NFT stored as a leaf in an on-chain Merkle tree via State Compression, reducing minting cost by ~1,000-5,000x. Only the tree root hash is stored on-chain; leaf data is indexed off-chain. A 1M cNFT collection costs ~50 SOL vs ~12,000 SOL for standard NFTs. Created via the Bubblegum program; transfers require Merkle proofs.

Token Ecosystemnft

NFT (Non-Fungible Token)

A non-fungible token on Solana—an SPL token with 0 decimals, supply of 1, and revoked mint authority. The NFT's metadata (image, attributes) is stored off-chain (Arweave/IPFS) linked via the Metaplex metadata account's URI field. NFTs can be standard, compressed (cNFT), programmable (pNFT), or Core assets, each with different trade-offs.

Web3dapp

dApp (Decentralized Application)

An application with its backend logic running on a blockchain as smart contracts rather than centralized servers. dApps typically have a traditional web frontend that interacts with on-chain programs via RPC. Users authenticate with wallets instead of username/password. Examples: Uniswap (Ethereum DEX), Jupiter (Solana DEX), Magic Eden (NFT marketplace).

More in category

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Solana Ecosystem

Phantom

The most popular Solana wallet, available as a browser extension and mobile app with multi-chain support (Solana, Ethereum, Polygon, Bitcoin). Phantom provides token swaps, NFT management, staking, and a built-in dApp browser. Known for its clean UX and rapid feature adoption, it has become the default entry point for most Solana users and consistently ranks among the top crypto wallets by active users.

Solana Ecosystem

Solflare

A Solana-native wallet offering browser extension, mobile, and web interfaces with deep staking integration, hardware wallet support (Ledger), and a built-in dApp browser. Solflare was one of the first Solana wallets and provides advanced features like stake account management, token metadata display, and priority fee controls. It supports the Solana Wallet Standard for seamless dApp connectivity.

Solana Ecosystem

Backpack Wallet

A multi-chain wallet developed by Coral (the team behind xNFT protocol) that combines MPC and self-custody models. Backpack pioneered executable NFTs (xNFTs) that embed full applications inside NFTs, enabling a decentralized app store experience within the wallet. It supports Solana, Ethereum, and other chains with a focus on developer extensibility and programmable wallet experiences.

Solana Ecosystem

Backpack Exchange

A regulated cryptocurrency exchange built by the same team behind Backpack Wallet (Coral). Licensed in multiple jurisdictions, it offers spot and perpetual futures trading with a focus on the Solana ecosystem. Backpack Exchange integrates tightly with the Backpack Wallet for seamless fund transfers and aims to bridge the gap between centralized exchange liquidity and self-custodial wallet experiences.