Solana Airdrop Season: Your Comprehensive Guide to Capitalizing on Airdrops in the Solana Ecosystem

As Solana gains traction and the TVL continues to rise, the potential for lucrative airdrop opportunities increases. With the identified upcoming airdrop and the potential for more to follow, now is the time for investors and enthusiasts to take advantage of the evolving airdrop saga within the Solana Ecosystem.

Disclaimer: It is essential to conduct thorough research and due diligence before participating in airdrops or any investment activity in the cryptocurrency space.

Solana’s Rise and Airdrop Potential

The growth of Solana’s Total Value Locked (TVL) from 300 million to 522 million since October has catalyzed increased liquidity and activity on the Solana chain. This surge in TVL indicates the potential for an upcoming airdrop season as more investors turn to Solana DeFi. The influx of funds into Solana projects is set to trigger a wave of pending airdrops, making this prime time to delve into airdrop farming in the Solana Ecosystem.

The considerable inflow of capital into Solana projects serves as a catalyst for pending airdrops. The rise in TVL signifies more investors turning to Solana DeFi, making it a trigger point for projects to conduct airdrops. Additionally, Solana’s reputation for airdrops compared to other networks such as $SEI and $SUI makes it an attractive platform for such distributions.

Notable Recent Airdrops on Solana

An example of a recent airdrop is that of $TIA, which distributed tokens to active blockchain users. Past airdrops on other networks have also required specific activities, such as Uniswap interactions for some airdrops and OpenSea trades for NFT airdrop projects like the $LOOKS Airdrop.

Criteria for Airdrops

The thread identifies tokenless protocols in the following categories: These are DEX Aggregators, Gaming and NFT, and Wallets and Infrastructure. Below is a breakdown of potential airdrop projects within each category.

Projects Interaction

Airdrop criteria are likely to be related to on-chain activities such as swapping, lending, borrowing, and bridging for DEXes and aggregators.

Projects like Jupiter, Jitosol, Zeta, Marginfi, Drift Protocol, and Mayan Finance are identified as having a higher likelihood of conducting airdrops.

Innovative Features and Rewards

Projects like Zeta and Drift Finance offer unique reward systems such as Z Score points and a raffle system for traders.

Elusiv, Exotic Markets, and Phoenix Trade offer distinct features like private swaps, option and derivatives infrastructure, and decentralized limit order books.

Category 1: DEXes and Aggregators

Projects categorized under DEXes and Aggregators are expected to base potential airdrop criteria on on-chain activities. The following project is identified as having a high likelihood of conducting an airdrop:

Jupiter Exchange (@JupiterExchange)

Jupiter Exchange has announced an upcoming airdrop with insights into tokenomics, allocating 40% to community growth in four rounds of airdrops. To interact, visit the Jupiter Exchange platform, use their products such as airdrop swaps and limit orders, and participate in perpetual trading at jup.ag.

Zeta and Jitosol

Zeta and Jitosol have their own reward systems where users can earn points by trading and referring friends.

Users can accumulate points through on-platform activities such as trading and borrowing.

Marginfi

Marginfi is a decentralized lending protocol with a point system that has secured investments from notable ventures.

Drift Protocol

Drift Protocol is a versatile protocol covering perpetual contracts, spot trading, and a money market.

Mayan Finance

Mayan Finance is a cross-chain swap auction protocol connecting EVM chains like ETH, BSC, and ARB to Solana.

Exotic Markets

Exotic Markets contribute to the options and derivatives infrastructure on Injective and Solana.

Category 2: Wallets and Infrastructure

Projects in this category require interactions with their products, such as using particular wallets or RPC services, to potentially qualify for airdrops. Squads Protocol and Helius Labs are examples of projects with a focus on developer tools and APIs in the Solana ecosystem that may offer interaction opportunities.

Helius Labs

Engaging with projects that utilize Helius Labs technology may automatically qualify for any potential future airdrop of their tokens.

They also offer an educational platform for learning courses on mastering Helius and Solana development.

TipLink

TipLink, a crypto payment platform built on Solana, enables users to send and receive digital assets, including crypto, stablecoins, and NFTs.

SquadsProtocol

SquadsProtocol raised $6 million from Sequoia, Multicoincap, and Circle Ventures.

You can visit tiplink.io/create and create a TipLink by inputting the desired amount.

Armada Fi

Armada Fi is a suite of protocols for DeFi projects launching tokens.

You can participate in token launches and provide liquidity on their pools.

Category 3: Gaming

MixMob Origin

MixMob is a crypto gaming ecosystem with a card strategy racing game, backed by a team with experience in FIFA and Halo.

Players can join the incentivized beta test to earn IBA points and engage in social media activities to earn MXM tokens.

Primorden

Primorden is an open-world PvPvE fantasy MMORPG that received 6.5 million dollars in funding from CryptoCom and AnimocaBrands.

They will be having their closed Alpha on November 25, and holders of the ‘Primorden Origin’ NFT collection will receive a token airdrop in the future.

Texture Finance

Texture Finance offers instant liquidity for Solana NFT holders and has raised $5 million with support from JaneStreetGroup, SinoGlobal, and Wintermute_T.

Users can borrow SOL against NFTs and earn PXLS, their reward token, which can be redeemed for SOL.

TrailExtreme

Trail Extreme is a fast-paced mobile bike racing game series entering the Web3 space with funding of over 12.8 million dollars.

Players can look forward to upcoming social events and opportunities after the recent beta playtest.