• Some projects developed under Solana are planning to reward users.
• Demand for SOL may lead the price back to $65.

According to Messari, Solana’s [SOL] airdrop season is here, and, the impact on the network could be different from what has been happening in the last few months. Crypto airdrops are popular in the ecosystem. 

New projects see it as a model of retaining users by rewarding some participants who meet certain requirements with tokens. In recent times Solana-based Pyth Network [PYTH] did the same for its early adopters when it launched on mainnet.

Messari, in its report, noted that there are upcoming airdrops. Some of these include Jupiter, Zeta, and Drift among others.

It’s airdrop season for @solana DeFi.

With only one official airdrop to date, and more coming along the way from Jupiter, Marginfi, Drift, Zeta, and JitoSol, we can expect an increase in liquidity and user engagement. pic.twitter.com/BZn3WiUT4j

— Messari (@MessariCrypto) November 30, 2023

More rewards, more liquidity for Solana

The crypto market intelligence noted that the forthcoming events could bring more liquidity for Solana. AMBCrypto’s analysis of the Solana ecosystem showed that there has been a surge in its DEX volume. 

Go to Source to See Full Article
Author: Victor Olanrewaju

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