Top 5 Best Airdrop Farming Projects on Solana (Part 1)
6 Best Crypto Exchanges in Singapore For 2025
Crypto Venture Capital Funds: Top Crypto VC Firms in 2025
Phemex Review 2025: Is it a Safe & Legit Crypto Exchange?
Binance vs Binance US: What are the Key Differences?
What is Eclipse? The first SVM Layer 2 on Ethereum
Phemex Referral Code 2025: FR72P8 (Get $4,800 Welcome Bonus)
MegaETH Airdrop Guide: Earn the Exclusive Airdrop Distribution
Share the Prize Pool of 2 Million PROMPT with OKX
Earn a Share in 700,000 BABY Prize Pool with OKX
What is WalletConnect? Everything about WCT Token
What Is Babylon Coin and How It Enhances Bitcoin Staking
What Is GameFi and How Does It Work?
What is Ondo Finance? Future of RWAs and DeFi
What is Gem Wallet: Best Multi-Chain Solution for DeFi Users
What are Utility NFTs? Best NFT Utility Examples
Rabby vs MetaMask: Which is a Better Crypto Wallet?
What Is DeSci? The Ultimate Guide to Decentralized Science
What Are Pudgy Penguins (PENGU)? The Ultimate Collector’s Guide
What is an NFT Drop? Your Simple Guide to Participation
What Is Trust Wallet? A 2025 Comprehensive Guide
How to Use Phantom Wallet in 2025?
What is DeFi (Decentralized finance) and How Does it Work?
What is DeFi NFT? The Ultimate Guide
Kaito AI Emerges as a Key Gateway for Major Airdrops
Abstract Ecosystem: A Layer 2 Built for Entertainment and the Web3 Community
Initia Price Prediction: Pre & Post-TGE Pathway
Solana Price Prediction in April: Short term outlook
Hyperliquid Deep Dive: Understand HYPE and HLP Model
XRP Deep Dive: A Masssive Player in Today’s Crypto Market
Study: 88% of Businesses Reported Higher Revenue after Accepting Crypto Payment
Survey: Nearly 80% of FTX Creditors Will Reinvest in Crypto with Their Repayment
XDC Deep Dive
Survey: 1 in 7 Americans Has Bought TRUMP Memecoin
Robonomics (XRT) Deep Dive
2025 Crypto Ownership Report: 70% of American Adults Own Cryptocurrency
By NFTevening
Key Takeaways
Solana is entering a new airdrop cycle, fueled by fast transactions, low fees, and growing user activity.
Minimal capital (~$2–3 in SOL) is enough to get started, and many of the projects are interconnected, allowing users to maximize points across platforms.
The opportunity window is still open, especially for users who act early and stay consistent with activity across multiple protocols.
After a wave of major airdrops from projects like Jupiter, Kamino, Tensor and Magic Eden, the Solana ecosystem is once again becoming a hotbed for airdrop hunters.
Thanks to its fast transactions, low fees, and vibrant community, Solana is attracting not only DeFi users but also serving as a fertile ground for new projects to launch mainnet and points-based reward systems in preparation for future airdrops.
Currently, multiple on-chain signals indicate a growing number of active wallets and user interactions across Solana dApps – especially among projects that have yet to launch a token. This has fueled growing optimism that the “Solana airdrop season” is far from over and may, in fact, be entering a new cycle.
Below are five top Solana projects that are widely expected to be the next big airdrop candidates. With just a small amount of capital, users can potentially farm all five airdrops simultaneously:
Before participating in Solana airdrops, users should prepare the following:
Loopscale is a lending and borrowing platform on Solana that allows users to collateralize and borrow digital assets. In just over six months since launch, Loopscale has surpassed $32 million in TVL and facilitated more than $750 million in loans during its Beta phase.
Step 1: Visit the official Loopscale platform.
Step 2: Choose the asset you’d like to lend.
Step 3: Navigate to the Borrow section, select USDC or SOL, and use your lent asset as collateral
Note: It’s recommended to borrow only around 50 – 60% of your collateral’s value to avoid liquidation risk in case of market volatility.
The goal of borrowing is not only to optimize your chances for the Loopscale airdrop, but also to reuse the borrowed assets to farm airdrops from other projects across the Solana ecosystem.
Backpack Exchange is a centralized, fully compliant cryptocurrency trading platform with a global reach. It’s built to offer users a secure and intuitive environment for managing digital assets. Unlike traditional setups, the exchange operates on a proprietary private blockchain purpose-built for exchange functionality, where every deposit, withdrawal, order execution, and cancellation is independently verified by nodes within the network.
The project has secured a total of $37 million across two funding rounds, with backing from prominent investors such as Jump Crypto, FTX Ventures, Multicoin Capital, and Wintermute.
Performing as the native CEX on Solana, Backpack has gained considerable praise from the community and even from Solana itself. This shows a bright sign for a potentially huge airdrop pending from this project.
User Score
9.5
Backpack Promotion
10% Discount Trading Fees
Sign Up & Start Trading Today
Step 1: Visit the official Backpack exchange here to receive a 10% trading fee discount
Step 2: Complete KYC verification to activate your account
Step 3: Deposit funds into your Backpack wallet
Step 4: Once your deposit is complete, start trading Spot and Futures to earn airdrop reward points. The more you trade, the higher your airdrop rewards.
Read more: Why Backpack Airdrop Worth $5000?
Perena is a stablecoin project built on the Solana network, aiming to solve the liquidity fragmentation problem among stablecoins.
Backed by Binance Labs and other prominent investors, Perena currently holds nearly $30 million in TVL, signaling growing trust and adoption within the DeFi community.
Step 1: Visit the official Perena website and enter referral code MHBAFP to receive an extra 10% in points.
Additionally, users connecting via Backpack Wallet will receive a 3% bonus.
Source: Perena
Step 2: Use USDC, USDT, or PYUSD to provide liquidity to the USD Seed Pool*
You can also use assets borrowed from Loopscale to supply liquidity and maximize your airdrop farming potential.
Fragmetric is a restaking protocol built on Solana, allowing users to stake SOL, JitoSOL, mSOL, and bSOL to earn additional rewards.
So far, Fragmetric has raised $16 million and surpassed $130 million in TVL.
In addition, users participating in Fragmetric are also eligible to earn airdrop points from the oracle project Switchboard.
Step 1: Visit the official Fragmetric page here to receive a 10% bonus in points
Step 2: Select which token to stake (e.g., SOL or JTO).
If staking SOL, click on the fragSOL tab; if staking JTO, choose the respective section
Source: Fragmetric
RateX is the first leveraged yield trading protocol on Solana, enabling users to maximize returns and airdrop points across the ecosystem.
Specifically, users can boost their Fragmetric and Perena points through RateX strategies.
The project has successfully raised $7 million from major investors, including Animoca and SNZ Holdings, and currently holds a TVL close to $70 million.
Step 1: Visit the official RateX website.
Step 2: Navigate to the Points section. → Select fragSOL and USD* to optimize your Perena and Fragmetric points.
Source: RateX
Step 3: Click on Provide Liquidity.
This will allow you to earn APR, RateX points, and additional rewards from Fragmetric and Perena.
As the Solana ecosystem enters a new wave of user growth and on-chain activity, opportunities for early airdrop participation are once again ripe for the taking. Projects like Loopscale, Perena, Fragmetric, RateX, and Backpack are not only building strong fundamentals and attracting significant TVL, but also actively encouraging user engagement through points-based systems and incentivized usage.
With minimal capital and a strategic approach, users can position themselves across multiple protocols to maximize potential airdrop rewards – all while contributing to the growth of Solana’s next generation of DeFi infrastructure.
Disclaimer
NFTevening is an award-nominated media outlet that covers NFTs and the cryptocurrency industry. Opinions expressed on NFTevening are not investment advice. Before making any high-risk investments in cryptocurrency or digital assets, investors should conduct thorough research. Please be aware that any transfers and transactions are done at your own risk, and any losses incurred are entirely your responsibility. NFTevening does not endorse the purchase or sale of any cryptocurrencies or digital assets and is not an investment advisor. Additionally, please note that NFTevening participates in affiliate marketing.
Cryptocurrency
Analysis
Analysis
Learn
Data
Analysis
Cryptocurrency
Exchanges
Exchanges
Crypto Basics
Airdrop
Cryptocurrency
Please be aware that our Privacy Policy, Terms of Use, and Disclaimers & Ethics notice have been updated.
NFTevening is a renowned and award-nominated media platform dedicated to reporting on the cryptocurrency industry. Its journalists adhere to a rigorous set of editorial standards, guided by principles designed to uphold integrity, ensure editorial independence, and maintain unbiased reporting across all its publications.
The latest news, articles, and resources, sent to your inbox weekly.
English