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From Ethereum to Solana, airdrop season is underway! Much of this week's airdrop excitement was concentrated on Solana-native liquid staking protocol Jito, but that didn't stop LayerZero and Starknet from capitalizing on airdrop momentum with their own announcements!
With the smallest Jito airdrop worth $10k and claimants of the largest allocations walking away with over 6-figures, it's safe to say that Jito's airdrop was a success!
Jito is often described as the child of Lido and Flashbots. In spite of this designation and Jito's relatively minuscule TVL – just 1/50th the size of Lido's – JTO is now trading at a higher fully diluted valuation (FDV) than the former of its parentals, an outcome that has undoubtedly stunned many market participants, especially those holding LDO.
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