Original Title: "What's up with the Solana's Airdrop Season?"

Original Author: Subhashish C.

Translated by: N/A

We are about to usher in a large-scale airdrop season on the Solana network. This is a list of projects that will soon be airdropped. We will examine each project one by one to understand how to qualify for the airdrops of these projects.

With the potential airdrop value of up to $110,000, investors and enthusiasts within the Solana ecosystem need to understand the dynamics of these airdrops and how to fully leverage this open opportunity.

But first, what makes these airdrops on Solana so special?

If you compare the airdrops on Solana with those on Ethereum and Arbitrum, you have to pay very high gas fees to be eligible for these important project airdrops. This means that if you plan to interact or trade on decentralized exchanges, you will have to pay extremely high transaction fees to be eligible for these major airdrops. However, Solana's airdrops stand out due to their significantly lower transaction fees. This cost-effectiveness makes it easy for more users to participate in Solana's airdrops.

Understanding Solana's Ecosystem

Decentralized Exchange (DEX) Activities

First, we will learn about the data of Solana and why we will see many potential airdrop opportunities on Solana. First, let's take a look at DEX activity. Last week, we saw a trading volume of about 2.14 billion on decentralized exchanges, which is a good sign and a bullish signal indicating that many people are using these networks. We can also see that some projects are performing very well.

Basic Tools for Browsing the Solana Network

To browse the Solana network and optimize airdrops, it is necessary to be familiar with certain tools and platforms. Let's take a look at some useful tools that can help you browse the Solana network.

·Solana Scan

This tool is essential for tracking trades, blocks, and tokens, providing transparency and insight into network operations, similar to any blockchain explorer.

·Bird Eye

The function of Bird Eye is very similar to Coin Market Cap, providing an overview of trends on the Solana network. You can view all tokens currently trending on the Solana network. What's really useful is that you can also see profitable traders and large transactions on the Solana network, so you can understand what the major whales are doing.

Solana ecosystem's key airdrops and participation strategies

Let's start from the first airdrop:

1.Phantom

Phantom is a network and mobile wallet for Solana. Creating a Phantom wallet is a basic step to participate in Solana airdrops. As a wallet tailored for Solana, Phantom facilitates asset management and interaction within the ecosystem.

Link: https: //phantom.app/

Steps:

1. Create Phantom wallet;

2. Directly exchange tokens through Phantom;

3. Unlock DRiP Phantom Solana collectibles.

2.MarginFi: Increase SOL Staking Rewards

Link: https: //app.marginfi.com/

MarginFi offers a variety of features, such as borrowing, lending, and yield enhancement. Participating in these activities can qualify users for their airdrop.

1. Borrowing and lending on MarginFi;

2. Borrow on MarginFi;

3. Pledge SOL for LST;

4. Recommend other users to use MarginFi;

3.Drift Protocol: Leverage and Liquidity on the Blockchain

Link: https://app.drift.trade/

Drift Protocol implements leverage trading and lending functions. Trading and providing liquidity on Drift makes users eligible to participate in its airdrop activities. This is actually very useful because it is a decentralized exchange. Therefore, you can trade on the Drift protocol without any barriers or regulations. You can trade Bitcoin or even Solana on the Drift protocol. Let's take a look at the standards you need to follow:

DRiP

Kamino

Zeta

Mayan Finance

Phoenix Trade

2. Trade on Phoenix.

How to Maximize Your Airdrop Returns

使您的参与多样化

translates to

Make Your Participation Diverse

Interacting with multiple projects on the Solana network can significantly increase opportunities to benefit from various airdrops. Each project has unique criteria, typically involving trading, staking, or utilizing specific network functionalities.

Thoroughly understand the participation standards for each project. Whether it's staking SOL, participating in DeFi protocols, or trading on DEX platforms, knowing which actions qualify for airdrops can optimize your strategy.

Original article link

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia