Solana Ecosystem Token Guide | Published Nov 11, 2023
With Solana ripping >$50 recently, many who are not familiar with the Solana ecosystem may benefit from a quick overview.
Most of these tokens can be purchased on Jupiter using Phantom Wallet or Backpack Wallet.
Jupiter Aggregator - DEX aggregator similar to 1Inch on Ethereum. Token has not launched yet, but will be airdropping eventually to early users. See the $JUP airdrop guide for more information.
Orca - Popular DEX where many users provide liquidity. Arguably the ‘Uniswap of Solana’ though most people use the Jupiter frontend which routes trades through Orca.
Token: $ORCA
Raydium - Another DEX similar to Orca, but launched in the ‘Alameda Era’ of Solana meaning the token launched with a very high FDV and low float which led to a huge pump and subsequent dump.
Token: $RAY
FluxBeam - A smaller DEX on Solana that is focused on the Token22 standard which enables certain token features like built-in fees and distribution mechanics we’ve seen popularized on Ethereum. Fluxbeam also offers a suite of token creation/management tools as well a Telegram sniper bot similar to Unibot on Ethereum. Those who own >1000 $FLUXB tokens automatically accrue fees on a daily basis.
Warning: There is a 3% tx fee on all $FLUXB token transfers (not just purchases). If you buy $FLUXB and send it to another wallet, 3% fewer tokens will arrive.
Token: $FLUXB
Shadow Drive - Decentralized storage solution built on Solana similar to Filecoin, Arweave, Storj, Siacoin, etc.
Token: $SHDW
Bonk - Premiere dog memecoin of Solana, similar to how SHIB is to Ethereum. While this memecoin is likely to pump hard when $SOL price is rising, it is also likely to dump hard when $SOL is in a downtrend. Also be aware that early contributors get to vest large amounts of tokens over time.
Token: $BONK
Render Network - Decentralized physical infrastructure (DePIN) project on Solana that allows users to sell GPU rendering compute to users.
Token: $RNDR
Helium Network - Decentralized physical infrastructure (DePIN) project on Solana that provides decentralized wireless infrastructure globally.
Token: $HNT
Stepn - Move-to-earn app on Solana that gamifies walking, jogging, and running with monetary rewards.
Token: $GMT
Marinade Finance - Liquid staking defi protocol on Solana similar to Lido on Ethereum. Allows you to stake your SOL in exchange for mSOL, which is liquid and automatically accrues yield at competitive rates.
Token: $MNDE
Jito Network - Liquid staking defi protocol on Solana similar to Lido on Ethereum. Allows you to stake your SOL in exchange for jitoSOL, which is liquid and automatically accrues yield at competitive rates.
Token: No token yet. Airdrop likely.
Marginfi - Borrowing/lending protocol on Solana similar to Aave on Ethereum.
Token: No token yet. Airdrop likely.