The Sharky protocol has become a significant NFT lending and borrowing platform on the Solana ecosystem, utilizing NFTs as collateral. Rather than an airdrop, the Sharky Token Generation Event is set for Tuesday, April 16, 2024, and will involve a claim process.

Individuals who are holders of the Sharx NFT that have undergone upgrades will receive preference and allocation in the forthcoming $SHARK token distribution.

Following the completion of $SHARK farming season 1 on April 10, Sharky, the leading escrow-less NFT lending protocol on Solana, has announced the dates for its Token Generation Event. This event will introduce the $SHARK token, taking place on the Solana-based decentralized exchange Jupiter on Tuesday, April 16, 2024.

Sharx NFT holders will receive priority and a considerable allocation for their loyalty, as stated by top Sharky executive, alias Restuta.sol, during a recent X Spaces talk.

Sharx NFT holds a market cap of approximately 50,540 SOL, equivalent to more than $7.5 million, with a daily trading volume of around 6,074 SOL units. Holders will receive $SHARK tokens based on their Chowder points, determined by Sharky's snapshot of all Sharky Points earned before the farming season began on Monday, February 12, 2024.

The CEO of Sharky, Anton Vynogradenko, expressed enthusiasm for the Token Generation Event and the future of Sharky, aiming to increase access to liquidity for NFT holders. They have extended their services to Ordinals and RWA, demonstrating their commitment to the NFTFi ecosystem.

Sharky has formed a strategic partnership with Streamflow Finance to enhance token distribution to DAOs and protocols, ensuring the tamper-proof and efficient design of $SHARK tokenomics. Their aim is to promote network adoption and provide assurance to investors and customers.

Sharky's presence in the Solana ecosystem has played a key role in expanding web3 services and challenging the Ethereum network. Their impact in the real-world assets tokenization and in-game artwork exchange within the Solana NFT ecosystem is evident.

With a value of around $543 million, the Solana NFT ecosystem sees Sharky's sharx NFTs leading with a daily trading volume of approximately $3 million. The impending $SHARK token launch has already driven an increase in the daily trading volume of sharx NFT.

Sharky's vision includes expanding their services to trillion-dollar industries, such as ordinal and real-world assets tokenization. With a TVL of about $5 million, Sharky has facilitated more than $4 million in Solana and NFTs borrowing and lending.

The Sharky platform has become a go-to solution for Solana NFT holders requiring liquidity by offering over 1.4 million loans. Their provision of liquidity without requiring asset liquidation positions them for ongoing growth. Moreover, the web3 metaverse industry's growth, backed by institutional investors and nation-states, provides strong support for Sharky's future developments.