Author: Bull
Editor: KY
The Solana ecosystem has exploded recently!
Compared with the embarrassment of the FTX platform bankruptcy crisis last year, Solana has been very proud recently. The recent momentum has completely overshadowed the Ethereum ecosystem, and tokens in the Solana ecosystem have also seen a general rise in the market.
For example (increase in the last 7 days):
SOL: 13%;
JTO:96%;
MNDE: 112%;
ORCA: 89%;
SLND: 45%
…
This surge in Solana ecological tokens has a certain relationship with the airdrop of the Jito (Token: JTO) project.
Solana ecological MEV infrastructure developer Jito opened an airdrop on December 8. After Coinbase and Binance exchanges announced the listing before issuing the currency, the opening price performance far exceeded expectations, and the price of JTO has been rising.
Due to the pull of the two major exchanges, the price of JTO was raised from about 1.7 US dollars to a maximum of 4.3 US dollars. In just three or four days, the price of JTO increased by more than 150%. At the same time, other tokens in the Solana ecosystem also There was a big outburst.
In fact, in addition to holding the leading tokens in these subdivided tracks, airdrops are also opportunities for very good returns in the Solana ecosystem.
Take this JTO airdrop as an example. Even based on the current price of JTO tokens of US$3.1, based on the number of airdrops for JitoSOL users with the “lowest level”, the value of the token airdrop has reached US$15,000. A total of 4,930 people are eligible for JTO. Becoming one of the biggest fleeces in recent times.
Blockworks research analyst Dan Smith wrote on USD , and a few months later you had $9882, which felt like – “The familiar crypto market, it’s back.”
In fact, Jito is the fourth DeFi protocol to announce an airdrop in the Solana ecosystem after Pyth, Jupiter and Meteora in 2023.
If you have missed all these airdrop opportunities, don’t worry, because the Solana airdrop season has just begun. In today’s article, we will take stock of other potential airdrop projects in the Solana ecosystem.
1.Jupiter _
Jupiter is the leading project of the aggregation trading track on the Solana chain and the first trading aggregation platform on the Solana chain. Its goal is to aggregate the main token liquidity markets on the Solana chain to provide users with the best exchange rate. , Jupiter has currently aggregated mainstream DEXs on the Solana chain, such as Serum, Orca and Raydium.
JUP is the Jupiter platform token, with a total supply of 10 billion, 40% of which will be distributed to the community through 4 rounds of airdrops. On December 2, Jupiter announced that it has opened the first round of applications for JUP token airdrops, and will be distributed in the first round. 10% (1 billion) of the 955,000 wallets that interacted with Jupiter before November 2 are eligible for the airdrop.
However, users can also obtain remaining airdrop opportunities by interacting with the Jupiter platform, which is to use the main functions of the Jupiter platform, such as Swap transactions, experience limit order functions, fixed investment, experience Bridge, and experience perpetual contracts on the Jupiter platform Function etc.
2. Drift Protocol
Drift Protocol is a DeFi derivatives trading platform based on Solana that implements margin trading and lending functions. It is a perpetual contract trading platform that utilizes dynamic AMM (dAMM).
In October 2021, Drift Protocol received US$3.8 million in seed round financing, led by Multicoin Capital, with Jump and Alameda also participating. Drift airdropped 1,500 copies of "Drift Alpha" to its partners, early participants and supporters Ticket" NFT.
The main functions of the platform are: trading on the Drift protocol, providing liquidity (DLP) to Drift, pledging assets in the Drift insurance fund vault, borrowing assets on the Drift platform, and recommending Drift to other users, etc. Users can Earn potential air investment qualifications by using these features on the Drift Protocol platform.
3. Kamino Finance
Kamino Finance is an automated liquidity solution based on the Centralized Liquidity Market Maker (CLMM) mechanism. Liquidity providers (LPs) seeking to improve capital efficiency can leverage Kamino's automated market making library to improve fee and return expectations. Yield, users can earn income through market making.
According to CoinDesk, community user Marky said in Twitter Spaces on December 7 that Kamino is about to launch a points program, which is likely to become a future token.
Subsequently, the Kamino project’s official Twitter retweeted CoinDesk’s report and stated that the points would be coming soon.
Below the tweet, you can see Kamino’s replies to the user. For example, when the user asked, can I earn points now? Kamino replied “always” when the user asked whether the airdrop would be the same as Jito? Kamino replied "same". I don't know that the same package mentioned here does not include the intensity of the airdrop. If the intensity of the airdrop is the same as that of the Jito project, it will be a big deal.
Users can obtain air investment qualifications by using the functions of the Kamino platform, such as depositing JitoSol into the Kamino treasury.
4. Tensor
Tensor is an NFT trading platform launched on Solana, similar to NFT platforms such as Blur.
According to TIEXO data, in the Solana chain's NFT market, the transaction volume of the Tensor platform ranks first, and far exceeds the second-ranked Magic Eden.
In addition to the strong performance of SOL and Tensor itself, the increase in transaction volume is also an important driving factor in bringing Tensor's native token TNSR airdrop to holders. The Tensor platform provides a continuous points system for participating in NFT-related trading activities.
5. MarginFi
MarginFi is a decentralized lending protocol on Solana. Unlike other competing platforms, MarginFi prioritizes risk management and provides safe and reliable solutions for users seeking leverage and maximizing capital efficiency.
MarginFi provides a variety of functions, such as lending, stake, swap, bridge, and earn, etc. Participating in these activities can make users eligible to receive its airdrops.
In addition to the above five projects, we can also pay more attention to Portals, Squads Protocol, Sanctum, Phantom, Zeta Markets and Wormhole as potential airdrop projects in the Solana ecosystem.
In short, compared with airdrops in the Ethereum and Arbitrum ecosystems, the Gas fee of the Solana chain is relatively low. Therefore, the cost of interacting in the Solana ecosystem is much lower than that of the Ethereum ecosystem. This is also what attracts users to Solana. One of the important reasons for ecological interaction, and the Solana ecosystem is very powerful this year, therefore, the Solana ecosystem deserves our focus.
PS This article does not constitute any investment advice
