After missing MOBILE, BONK, and JUP, what other opportunities do we have to participate in the Solana ecosystem?

Author: Web3 Insights

After experiencing a downturn due to FTX, Solana has ultimately completed its rebirth, with trading volumes of SOL and SPL tokens soaring to $95.19 billion, reaching a new high for the year. Since December of last year, the number of active addresses on-chain has shown explosive growth.

Inscriptions, MEME, DePIN, Solana's ecosystem has seized every opportunity: Helim Mobile has become the leader in the DePIN track with a tenfold increase; on the same day that the Solana Saga phone sold out, BONK surged over 800%.

At the start of this year, Solana also put on a major show: the Jupiter airdrop, one of the most notable airdrop events of January, spurred another surge in the Solana ecosystem.

Having missed out on MOBLE, JUP, and BONK, what potential projects in the Solana ecosystem are still worth our participation?

Marginfi

Marginfi is a decentralized portfolio margin protocol. The protocol provides traders with a unified account to access margin, compose portfolios, and enhance the capital efficiency of underlying trading protocols. Marginfi has raised $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 currently ranks third in TVL within the Solana ecosystem, reaching $420 million.

How to participate:

• After connecting your wallet, experience features like lending, staking, swapping, and cross-chain functionalities, focusing on interactive lending features.
• Marginfi has launched a points system; click on [Points] to check your points. Besides interactive actions, inviting new users can also earn you points.
• Lending points are linked to the amount and duration; borrowing $1 earns 1 point per day; lending $1 earns 4 points per day.

Phantom

Phantom is a crypto wallet used to manage digital assets and access decentralized applications on the Solana blockchain.

Phantom has completed a $109 million Series B funding round, with a valuation of $1.2 billion, led by Paradigm, with follow-on investments 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 your wallet, click on [Swap] to check your trading volume, preferably with a record of large transactions.
• Currently, Phantom has launched a Drip event; follow the task prompts and complete the tasks step by step.

Shell Trade

Shell Trade allows users to seamlessly connect BRC20 assets with Solana, supporting the transfer of Bitcoin inscriptions, Ordinals, and BRC-20 tokens to Solana, where they can leverage the latter's mature DeFi ecosystem for trading, lending, and mining activities, thus combining Bitcoin's liquidity with Solana's innovation-friendly environment.

Recently, the explosion of BRC20 and the Solana ecosystem has drawn attention to cross-chain projects between BRC20 and Solana, with Shell Trade being one of them. On January 16, the IDO launched with a subscription rate exceeding 2000%, indicating community recognition of the project.

How to interact:

• According to the project's official website, the Farm icon has appeared in the homepage navigation bar, along with the text [Coming Soon], so you can follow for updates.
• Before the IDO, Shell Trade also collaborated with the task platform TaskOn to launch an event, drawing a lottery for IDO whitelist qualifications. You can follow the project's actions on this task platform, participate in activities, and observe subsequent actions to see how to empower the project.