Over the past six months, blockchain projects have re-emerged that have released symbolic air drops. In particular, airdrops will be remembered by Uniswap (UNI) and MEME, where recipients were rewarded with winnings in the amount of $ 20,000 to $ 600,000 just for storing tokens.

A competitor to Ethereum (ETH), which has seen several projects launched with gifts in the last three weeks, is Solana (SOL), an open source project focused on using blockchain technology to offer decentralized financial solutions.

While Solana is clearly not making a concerted effort to launch these projects, the protocol’s Decentralized Exchange Master (SRM) serum was responsible for leaving the recent COPE, which distributed 2,000 tokens to users participating in the joint DeFiathon run by Solana and Serum.

After the airdrop, COPE was finally listed as Serum at $ 0.50 on March 30, and the token price increased to $ 5.43 on April 11, resulting in the owners being rewarded with a $ 10,860 bonus.

4-hour SOL / USDT chart. Source: TradingView
The success of airdrop has prompted COPE to launch a series of symbolic launches and airdrops with similar names, including HOPE, ROPE and KOPE, whose launch on the Solana blockchain coincided with a 55% increase in SOL’s price since early April.

Online airdrops may have played a small role in recent price increases due to users’ demand for SOL to receive airdrop tokens, but this cannot be determined based on available data.

Interaction with the Solana blockchain, including adding new tokens to the Sollet wallet, requires a small amount of SOL to complete the contract. Therefore, users who are in a hurry to subscribe to airdrops before filling them out must buy SOL and top up their wallet to generate new airdrop addresses.

Analysts expect the air drop to continue.
For those worried about the loss or end of the airdrop season, a recent tweet from Solana’s Twitter feed indicates that the Solana ecosystem is just getting started, which means the likelihood of future airdrops remains high.

New users are the lifeblood of successful blockchain networks, and using Airdrops is still one of the most commonly used ways to draw attention to new projects and redirect liquidity from one protocol to another.

Source: CoinTelegraph