Jito (JTO)'s big gains have continued to raise market expectations for Solana's ecosystem airdrops, and ecosystem tokens have generally risen. Compared to Ethereum, the market is not so familiar with the Solana ecosystem. BlockBeats has compiled the projects in the Solana ecosystem that may have potential airdrops for readers' reference.
Tensor
Tensor is an NFT trading platform launched on Solana. According to TIEXO data, as of writing, Tensor ranks first in Solana's NFT market, with trading volume exceeding Magic Eden.
Tensorians is a 10K PFP series officially launched by Solana NFT market Tensor. According to CoinGecko data, the price of TENSORIANS has increased by 1176.2% in the past 30 days, and the current floor price is 85 SOL, which is about 5780 US dollars.
In addition to the strong performance of SOL and Tensor itself, the rise of TENSORIANS is also due to the airdrop of Tensor's native token $TNSR to holders.
Jupiter
Jupiter is the largest aggregated trading platform on the Solana chain. Since its establishment in 2021, it has become a key protocol in the Solana ecosystem. As the first trading aggregator on Solana, Jupiter aims to provide users with the best exchange rates by integrating all major liquidity markets on the blockchain. In order to improve the user experience, Jupiter is constantly optimized and updated, integrating more mainstream DEX on the Solana chain, such as Orca, Raydium, Serum, etc.
There are 10 billion JUP tokens in total, of which 40% will be distributed to the community through 4 rounds of airdrops. On December 2, Jupiter announced that it had opened the first round of JUP token airdrops. 10% (1 billion) will be allocated in the first round, and 955,000 wallets that directly interacted with Jupiter before November 2 are eligible for airdrops. However, users can also obtain airdrop opportunities in the remaining rounds by swapping on Jupiter, setting limit orders, fixed investments, using bridge aggregators, and trading perpetual contracts.
Zeta Markets
Zeta Markets is a Solana-based distributed platform that facilitates liquid, non-custodial, and undercollateralized derivatives trading.
On October 27, Zeta Markets announced the launch of the Z-Score program, which allows users to earn Z-Scores based on their trading activities on Zeta. Users will receive 1 Z-SCORE point for every $1 traded. In addition, the 24-hour profit and loss ranking will also determine the reward multiplier. The first season of Z-Score will last until December 20.
Zeta Markets announced in December 2021 that it had completed an $8.5 million financing round led by Jump Capital, with participation from Race Capital, Electric Capital, DACM, Airtree Ventures, Amber Group, Wintermute, Sino Global Capital, Genesis Block Ventures, QCP Capital, Alameda Research, Solana Capital, MGNR, 3kVC, Orthogonal Trading, LedgerPrime and SkyVision Capital.
Marginfi
Marginfi is a decentralized portfolio margin protocol for trading on Solana. The protocol provides traders with a unified account to obtain margin, form portfolios, and improve capital efficiency of the underlying trading protocol.
In July this year, Marginfi launched a points program. On mrgnlend, points can be earned in three ways: Lending points, Borrowing points, and points for recommending new users. All previous mrgnlend activities will receive retroactive points. As more products appear in the Marginfi ecosystem, new ways to earn points may also emerge.
Additionally, there is the option to stake SOL tokens as LST for a greater chance of airdrops.
Drift Protocol
Drift Protocol is an open-source decentralized exchange based on the Solana blockchain. It is the first perpetual contract exchange to utilize dynamic AMM (dAMM), introducing re-anchoring and adjustable k mechanisms to recalibrate liquidity. Drift chose Solana because of its low latency block time and high bandwidth, which enables minimal transaction fees and fast settlement.
In October 2021, Drift Protocol completed a $3.8 million seed round of financing, led by Multicoin Capital, with participation from Jump Capital, Alameda Research, etc. It has airdropped 1,500 "Drift Alpha Ticket" NFTs to its partners, early participants, and supporters.
Drift is currently holding a Drift Draw event. Users who trade on Drift can be eligible for the draw. For more information, see Drift Draw.
Chimney
Kamino Finance is an automated liquidity solution that earns income through market making.
According to CoinDesk, sources revealed that Kamino is about to launch a points program, and community user Marky said in Twitter Spaces on December 7 that this "may very well become a token in the future." Subsequently, Kamino officials forwarded this report and said that Kamino points will come.
Users can also choose to deposit JitoSol into the Kamino Vault to qualify for potential future KAMINO airdrops.
Wormhole
Wormhole was launched in October 2020 by blockchain infrastructure company Certus One, initially taking the form of a direct token bridge between the Ethereum and Solana ecosystems.
On November 29, Wormhole completed a $225 million financing with a valuation of $2.5 billion. There was no lead investor in this round of financing, and Brevan Howard, Coinbase Ventures, Multicoin Capital, ParaFi, Dilectic, Borderless Capital, Arrington Capital, and Jump Trading participated in the investment.
On April 1, 2022, it was reported that Wormhole planned to sell 750 million HOLE (7.5% of the total supply) to institutional investors at $0.25 per token. The tokens will be locked for one year and released linearly over three years. However, Wormhole did not launch the token sale in the following period.
However, with the recent large-scale financing news and the "early" member label in the official DC channel, the community speculates that Wormhole may launch an airdrop plan. Users can choose to interact with the following protocols to obtain potential Wormhole airdrop qualifications.
Portal Bridge (https://www.portalbridge.com/)
Carrier Bridge (https://www.carrier.so/)
Explore the Wormhole ecosystem
Do quests on Zealy (https://zealy.io/c/wormhole/questboard)
Portals
Portals is a Solana-based metaverse gaming platform that integrates 100+ games including DeFiKingdoms and SpaceNationOL, which have raised over $12 billion.
On November 28, Portals announced the first season of airdrops. Users can accumulate airdrop qualifications through an event called “Crystal Dash”. Anyone who participates in, creates, or shares content related to Portals can earn certain points, which can be used to upgrade their level. Each upgrade can get crystal fragments, which can be used to synthesize crystals. The number of crystals you have determines the number of tokens you can get in the airdrop.
Related reading: "Foreigners are all taking advantage of the airdrop. How to participate in the airdrop activity of Web3 game platform Portal"
In addition, Crystal Dash's seasons are conducted on a weekly basis, with the first season starting on November 28. The activities and points rules for each season will change, and the points earned by users will be reset to zero, but their levels will be retained.
Squads Protocol
Squads Protocol is a multi-signature management tool on Solana that enables web3 teams and security individuals to have full control over their vaults, programs, and tokens, and has protected $6 million in assets and $9.5 million in total transaction volume for users.
On October 17, Squads Labs, the main development company of Squads, completed a strategic financing of US$5.7 million, led by Placeholder VC, with participation from Multicoin Capital, Solana Ventures, Jump Crypto, Solana Labs co-founder Anatoly Yakovenko, Jito Labs CEO Lucas Bruder, and Helius Labs CEO Mert Mumtaz.
JPool
JPool is a stake pool on the Solana blockchain network that provides safe, reliable, and high-yield rewards for users' staked SOL. According to DeFiLlama data, JPool's TVL currently reaches $44.21 million.
JPool is a stake pool on the Solana blockchain network that provides safe, reliable and high-yield rewards for users' SOL stakes. JPool's approach is to delegate to the validator with the lowest fee/highest APY under certain conditions. This aggressive strategy enables JPool to have the highest APY among all stake pools.
Currently, JPool’s development focus is on releasing Solana ecosystem dApps, and there are plans to expand by building dApps on other blockchains in the near future.
Sanctum
Sanctum is Solana's on-chain stability protocol. Sanctum unlocks staked SOL for use throughout DeFi by providing SOL liquidity support, and ensures DeFi lending protocols remain solvent by providing a safe haven for SOL to conduct flash loans and close LST collateral positions. Users can interact with Sanctum through the following operations: Instant Unstake, Swapping Stake, Instant Stake.
Sanctum's TVL has increased significantly recently. According to DeFiLlama data, as of the time of writing, Sanctum's TVL reached US$13.95 million.
Phantom
Phantom is the most popular wallet on Solana. It has received multiple rounds of financing from A16Z and SOL Foundation and has a strong technical development background. Currently, the wallet has not issued any tokens. If you have experience interacting with projects in the Solana ecosystem, you may want to try the Phantom wallet for interactive experience.
Related reading: "Solana's popular wallet Phantom usage tutorial"
Solana Summer？
Previously, Backpack Exchange’s SOL pledge to get PYTH airdrop event received a lot of attention. In BlockBeats’ interview with the founder of Backpack, it was also mentioned that “there will be many such event plans, and each event will have a different story or narrative. We hope people will try new things.”
Related reading: "Exclusive interview with Backpack founder: Solana is outstanding in its cycle, with a completely different technical structure from FTX"
The recent performance of the Solana ecosystem is obvious to all. It is also worth noting that although most of the projects on Solana are based on a points system, given that Jito divides points into different levels, there will not be the situation of "big players taking all" that the community had previously worried about. To some extent, multiple accounts may be a good strategy.
