Solana and its ecosystem continue to gain popularity in the DeFi world. This article examines the main protocols and promising altcoins on the platform.
Jupiter ($JUP)
Jupiter launched its token earlier this year, including a 1 billion $JUP airdrop. The community will receive another 1 billion $JUP over the next three years. Additional airdrops can be earned through staking and participating in the DAO.
Raydium ($RAY)
Raydium is an orderbook-based AMM on Solana. It is the largest DEX by TVL and the fourth largest DeFi protocol on the platform. The average daily trading volume is around $750 million, with $784 million collected in fees over the last year.
Jito Network ($JTO)
Jito Network focuses on liquid staking on Solana. The service offers additional staking rewards using MEV (maximum extractable value), which can yield up to 15% additional yearly income.
Orca ($ORCA)
Orca is a DEX on Solana with an AMM model known as CLAMM. Orca also allows adding liquidity and participating in the DAO by voting on proposals. The $ORCA token shows significant growth, increasing by 225% over the past year.
DeFi protocols on Solana show significant growth and attractive opportunities. Tokens like Jupiter, Raydium, Jito Network, and Orca have the potential for further growth.
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