Despite uncertainty across the wider crypto markets, the Solana ecosystem continues to reward its loyal users with a wealth of liberal incentives and airdrops.

Which rewards programs and incentives should you have on your radar?

JUPITER ASR (ACTIVE STAKING REWARDS)
Ever since the $JUP TGE supporters and community members have been able to stake JUP tokens within Jupiter’s platform and vote on decentralized governance proposals that shape the direction and future of the protocol.

All voters and contributors, regardless of how they cast their votes, are eligible for a share of around $60M in Jupiter ASR (Active Staking Rewards). Allocations are calculated based on an individual account’s voting power and will be comprised of:

50M JUP

7.5B WEN

7.5M ZEUS

7.5M UPT

750,000 SHARK

These highly anticipated Active Staking Rewards are expected to be distributed before July 10, with an official allocation checker scheduled to go live sometime on July 5. It’s important to note that JUP claimed during the event will automatically added to your wallet’s staked amount.

SANCTUM $CLOUD AIRDROP
Following the success of its gamified LST loyalty program, Wonderland, Sanctum’s initial $CLOUD airdrop is slated to go live in mid-July. Attracting over 300,000 participants and amassing over $1B TVL (Total Value Locked) in early June based on DeFiLlama data, Sanctum’s CLOUD airdrop is one of the ecosystem’s most eagerly awaited events.

Sanctum's CLOUD airdrop introduces a novel approach to token distribution. With 10% of the total allocated to the event, the Sanctum has made the decision to split reward users based not only on their Wonderland XP, but also on their 'Earnestness'.

An official date for the CLOUD airdrop is yet to be announced, but it expected to go live sometime in mid-July.

MARINADE SEASON 3
One of the largest DeFi applications by TVL in the Solana ecosystem, Marinade’s Season 3 Rewards program is well underway.

Expected to run for three months, Marinade Season 3 promises to distribute 25M MNDE tokens, currently valued at $2 .7M, to community members who deepen total mSOL liquidity. Users are encouraged to earn bonus MNDE incentives by providing mSOL liquidity in three different ways:

Kamino mSOL/SOL LP Vault - Up to 12.5M MNDE tokens will be allocated to users who provide mSOL/SOL liquidity on Kamino Finance. LP providers will also be eligible for Kamino rewards.

Looping Meteora mSOL/SOL LP Tokens - Up to 5M MNDE tokens will be allocated to users who deposit into mSOL/SOL pools on Meteora and strategically loop their yield through Solend.

Discretionary LP/Partner Rewards - The remaining 7.5M MNDE tokens will be distributed to community members who deepen mSOL liquidity through various other partnerships. These partnerships are dynamic and currently undisclosed.

KAMINO SEASON 2
Another Solana DeFi powerhouse, Kamino’s Season 2 records program is thriving in full force and scheduled to end around the end of July.

Reward allocations are calculated linearly based on points accrued through using the protocol’s various functions, including lending and borrowing markets. By staking KMNO, the platform’s native token, users receive multipliers that boost their point generation.

Kamino’s Season 2 rewards program has been further bolstered by the integration of PayPal’s PYUSD stablecoin, which has attracted over $38M in TVL at press time.

DEBRIDGE
A clear winner of Jupiter’s Round 3 LFG Launchpad candidates, Debridge’s ongoing rewards program has attracted over 470,000 unique accounts and transferred over $3 .1B across different blockchains.

Accruing points through Debridge’s rewards program is straightforward, users simply need to transfer funds between chains using the protocol and by referring new users.

PARCL PERPETUAL POINTS SEASON 2
As of July 1st, the Parcl Perpetual Points program has entered its second season. Expected to last for the remainder of 2024, the

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🚨 Standard Chartered predicts that bitcoin could hit a record high in August followed by a rise to $100 ,000 by the US presidential election in November.

The prediction from Mr Kendrick, head of currency and digital assets research at Standard Chartered Bank, hinges on Joe Biden remaining in the US presidential race.

The Standard Chartered analyst has modeled a "least likely" scenario in which Biden withdraws from the presidential race at the end of July, saying it could send the price of bitcoin falling to between 50,000 and $55 ,000.

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IF THE NEWS WAS A BOTTLE, WE'RE BREAKING IT📰

JupiterExchange recently announced that $60M worth of Active Staking Rewards (ASR) will be distributed this week.

The total pool will include:
- 50M $JUP
- 7.5B $WEN
- 7.5M $ZEUS
- 7.5M $UPT
- 750K $SHARK .

CoinMarketCap first half of 2024 report reveals that, On average, Solana based meme coins outperformed Ethereum-based by almost 800% YTD.

The margin is expected to increase withe the rise of $WATER

Pumpdotfun is currently No. 1 Crypto App Across All Chains

Pump.fun has surged to the top spot as the leading crypto app, surpassing Ethereum with a staggering $1 .99M in revenue generated over the last 24 hours.

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DID YOU KNOW

Solana's liquidity layer Marginfi plans to launch “mrgnswap,” which would allow traders to instantly long as well as short newly created meme coins with leverage.

GOOD NEWS!!!!!!!!

Solana's Devnet is now back online after it was successfully restarted and undergone patch integration by engineering teams.

This is following the three days of downtime due to a technical issue.

Weekly rewards will be distributed to the most active users on BullVerse!

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🚨 VanEck files for Spot ETF #Solana with the SEC.

Drift Protocol a perpetual DEX on Solana is set to migrate to PythNetwork's new pull oracles to enhance its protocol and user experience

Worldcoin's World ID is gonna be expanding to solana.

Wormhole has secured a grant from the Worldcoin Foundation to integrate World ID into the solana ecosystem.

After filing for a solana spot ETF, Vaneck comes out to discuss Solana's potential as a competitor to Ethereum, making reference to its scalability, speed, and low transaction costs.

They believe Solana's decentralized nature and high utility could establish it as a valuable commodity compared with other digital assets.

$ZEX airdrop by ZetaMarkets is now live.

A total of 80M $ZEX will be distributed to 80,000 users.

For y'all who didn't know,

TradFi Giant VanEck becomes the first institutional firm to file for a Solana ETF, citing “better user experience” as a key factor to alternatives.

For y'all sport fans,

Blockasset built on Solana is bringing you closer to your fav athletes. You can make predictions on sports-centered, free-to-play games to earn tokenized points, which can be used in the Blockasset ecosystem to:

✅ Make wagers on sports events
✅ Get exclusive content from athletes
✅ Attend live events
✅ VIP venue tours
✅ Even athlete training sessions

Fans get access to unique experiences and access; athletes use digital assets to supercharge deep connections to their biggest cheerleaders. Win-win!

It’s working, and not just with current blockchain users. When launching an NFT with MMA fighter Khamzat Chimaev, 35% of all mints were from non-crypto sports fans. After the mint, Chimaev made exclusive content for the Blockasset community that eventually accumulated millions of views.

An early team from the Solana ecosystem – they’ve been around since 2021 – Blockasset has slowly been building a following into the sports world. Soon, they’ll be working with UFC fighters, introducing a whole new audience to unique web3 experiences.

It’s a better experience for everyone

Venture Capitalist GSR made a recent report suggesting that solana could be on track to join Bitcoin and Ethereum with its own spot ETF, citing its prominent role in the crypto market alongside the Big Three. #btc #eth #SOL

The impact on $SOL just might be the largest yet.

Bloomberg analyst James Seyffart suggests that the approval of the first U.S. solana ETF could be delayed until 2025 due to potential changes at the United States White House and Security Exchange Commission.

Serious pump in Solana by over 11% after VanEck announced filing for solana spot ETF.

Tensor an NFT marketplace, has regained market share after announcing a Season 4 on Solana.

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