Research Rundown: Unpacking the Solana Ecosystem

Welcome to the Monday research rundown!

Here’s what we’re going to cover today:

• Pre-order your Solana mobile!

• Airdrop deets for MarginFi. 

• Airdrop deets for Parcl (use code “m6labs”)

• Solana ecosystem overview.

1️⃣ Investing in the Solana Ecosystem

Solana currently has some of the most interesting opportunities for you to ape in. With more than $1.8B locked in, here are some awesome points-boosting activities you can do.

Solana Mobile

Solana will soon launch the Saga Mobile 2, an Android smartphone that integrates blockchain technology into daily mobile use. This device aims to streamline the management and transaction of digital assets, such as cryptocurrencies and NFTs, by offering native support. 

Want to find out more? Check it out here.

MarginFi

Marginfi is a decentralized protocol leveraging the Solana blockchain to offer traders portfolio margining capabilities.

MarginFi raised $3 million in a funding round led by Multicoin Capital and Pantera Capital. It currently has a TVL of $482.32M. Since January 24, 2024, the TVL in this app has jumped by 46.77%!

There is a lot of hype and attention around this protocol because of the points program for the MRGN token.

Airdrop steps:

• Connect your Solana wallet. Make sure the wallet has SOL or other Solana-related tokens.

• Utilize the "lend" feature to lend out your tokens or borrow tokens from the platform, enhancing your trading strategies and capital efficiency.

• Take advantage of the platform's additional functions, such as "stake," "swap," and "bridge," to earn points.

Register now.

Parcl

Parcl is a blockchain-based platform allowing fractional investment in US real estate by tracking neighborhood prices per square foot via the Parcl Data Feed. This lets investors speculate on real estate market movements without direct property investment.

The second season of Parcl's points program commenced on January 26 and focused on introducing structural enhancements to the Parcl V3 architecture and the dApp user interface. 

The airdrop has attracted over 100,000 traders, accumulating over 2.6 billion points. Since this season is the briefest one of the trilogy, we recommend you jump in quickly.

Airdrop steps:

• The more you contribute as LP capital, the more points you earn. Investing more USDC into the LP pool will enhance your points accumulation rate.

• The points earning rate has been boosted to 4 points per 1 USDC of LP capital every 24 hours and 2 points per 1 USDC of Open Interest every 24 hours.

• Keeping a consistent level of open interest in the platform will ensure a steady earning of points, encouraging active participation in the market.

• LPs now receive a larger portion of the generated fees, elevated to 80%. Furthermore, the fees for maker/taker transactions have increased from 1/6 to 2/10 basis points.

Register now and use the code “m6labs.”

2️⃣ State of the Market – Solana