If you miss MOBILE, BONK, and JUP, what are your opportunities to participate in the Solana ecosystem? | Web3 MKT researcher | Coins | February 2024

Solana, which went through a downturn due to FTX, has finally achieved nirvana. Trading volume for SOL and SPL tokens soared to $951.9 billion, the highest recorded last year. Since December last year, the number of active addresses on the chain has exploded.

The ecosystem of Inscription, MEME, DePIN, and Solana has seized every opportunity. Helim Mobile increased by orders of magnitude and became the leader in the DePIN track. On the day Solana Saga phones sold out, BONK increased by over 800%.

Earlier this year, Solana fueled another surge in the Solana ecosystem with the Jupiter airdrop, one of the most high-profile airdrop activities in January.

Did we miss MOBLE, JUP, BONK, or other potential projects in the Solana ecosystem that are worth our participation?

Marginfi is a decentralized portfolio margin protocol. The protocol provides traders with an integrated account that allows them to access margin, form investment portfolios, and improve the capital efficiency of the native trading protocol. Marginfi received $3 million in funding, led by Multicoin Capital and Pantera Capital, with participation from Sino Global Capital, Solana Ventures, and others.

According to DeFiLama, Marginfi’s TVL currently ranks third in the solana ecosystem, reaching $420 million.

How to participate:

• After connecting to your wallet, you can experience features such as lending, staking, exchange, and cross-chain, focusing on the interactive lending feature.
• Marginfi has launched a points system. You can check the points by clicking (point). In addition to interactive actions, you can also earn points by inviting new users.
• Loan points are determined by the loan amount and term. A loan of US$1 is worth 1 point per day. A loan of US$1 is worth 4 points per day.

Phantom is a cryptocurrency wallet that can be used to manage digital assets and access decentralized applications on the Solana blockchain.

Phantom completed a $109 million Series B round at a $1.2 billion valuation led by Paradigm with participation from Andreessen Horowitz (a16z), Variant Fund, Jump Capital, DeFi Alliance, and Solana Ventures.

According to official data, the wallet currently has 2.7 million monthly active users.

How to participate:

• After creating a wallet, click (Swap) to check the transaction amount. It is best to have a large transaction history.
• Currently, Phantom also has Drip activities. Follow the task prompts and complete the task step by step.

Shell Trade allows users to seamlessly connect their BRC20 assets to Solana, transfer Bitcoin Inscription, Ordinal and BRC-20 tokens to Solana, and support Solana’s mature DeFi. You can use the ecosystem to trade, lend, mine, and perform other activities. It thus combines the liquidity of Bitcoin with the innovation-friendly environment of Solana.

Recently, with the explosive growth of the BRC20 and Solana ecosystems, BRC20 and Solana’s cross-chain projects have received a lot of attention, and Shell Trade is one of them. When IDO was launched on January 16, the subscription rate exceeded 2000%, proving the community’s awareness of the project.

How to interact:

• According to the project’s official website, the homepage navigation bar displays the Farm logo and the phrase (Coming Soon). You can pay attention to updates.
• Prior to IDO, Shell Trade collaborated with the operations platform TaskOn to initiate its activities and opt for IDO whitelist qualification. This work platform allows you to track tasks on the project side, participate in activities, observe follow-up tasks, and see how you can authorize projects.