 So people are making a killing in these airdrops that are happening on the Solano ecosystem So I want to do today is just take a look at what actually happened If you're actually too late and the new projects that are coming up in the Solano ecosystem that you can get into right now at the very end We're also going to take a look at different dexes across from Solano and Cardano And how they actually compare as far as a different metric So this really all started yesterday and we did a quick meetup over at the San Juan smokehouse here in Puerto Rico And my friend Stephen who owns the facility said yeah, he goes I'm doing pretty great and he was talking about his is Bonk buys he did a long time ago for Solano and of course Solano itself and he talks about This Jupiter airdrop and he said yeah, I was you know I was using the decks and I got a nice old airdrop and the good thing is is that they're actually going to go through And it's going to be more of the same so Jupiter itself is a dex the centralized exchange is built on Solano looks just like this pretty interesting because you can actually do DCA orders limit orders and do bridges perpetual to Jen and Ernest pretty funny and It's pretty you know interesting like you can put in a certain amount of Solano I just let it sit there on your wallet and over 28 or 30 days You can have it, you know buy $20 of whatever is in the Solano ecosystem But just by using this and doing this 40% of Jupiter is 10 billion tokens were distributed as airdrops in four phases So you missed the first one if you haven't gone already and the and you had the three are coming up the first phase involves 1 billion tokens users with a minimum of a thousand dollar swap volume now I didn't get into it or didn't use you for that point So I was not eligible and you can actually check to see if you're eligible on this website airdrop.jup.ag I'll link that in the description and you can see that I I Synced up my wallet and says no sorry Not in our first batch, but there's still three more rounds and will release more on that soon So I'm like what a pretty good incentive to actually do that So because this one Gito and when he was talking I could have swiped I got confused I'm like what's this between Jupiter and Gito because it's not the exact same thing So Jupiter is a decentralized exchange and Gito itself is for liquid staking. So this is what happened In the last 24 hours. So Gito I might be saying this wrong. I'm sure JTO soars hours into the airdrop So Gito a staking project built on Solana release. It's JTO token at 11 a.m Thursday by 1145 a.m Around 30% of the airdrop has been claimed and none of the top 14 claiming addresses by size had sold Eligible recipients have 18 months to click their asset That's quite a bit and then also the Coinbase and Binance announced plans listed tokens What does that mean? That means that that price ripped and again, it's not he It's not even 48 hours old now and it is ranked drumroll, please a hundred and forty six it is ranked a hundred and forty six and You have to ask yourself why is it worth that much? It's just because of speculation Yeah, part partially, but we're gonna talk about why I think it's a pretty good platform And we can see here that there's another another factor there that the total supply is one billion and the circulating supply is a 115 million so it's it's just a little bit over 10% of what it actually is and we can see that the trading volume is Quite high one point two billion dollars market cap three hundred six million dollars and of course right now It's worth three thousand twenty cents Initially, so that's pretty amazing and then of course there were stories like this and this is debatable. This is actually real I'm knows if it is but Emperor of Crypto says thank you Gito for the generous airdrop of a hundred fifty thousand dollars I achieved from staking $390 across 15 watts. Let me say that again This guy got a hundred fifty thousand dollars from staking $390 across 15 wallets Same thing could be said for uniswap remember when uniswap came out and they did an airdrop And all you had to do is really pretty much use it and people just use a ton of different wallets It could be the same thing here, but regardless you still have an opportunity as time goes on for Jupiter Gito, unfortunately is closed and that's that's a shame But I will tell you it looks like a pretty decent platform. So just so you know Gito It's MEV powered and that stands for maximum extractable value. You can earn MEV rewards through liquid staking. So real quick Liquid staking is it's kind of easy to think about, you know, you have Lido liquid staking What you're doing is saying, okay, look, here's one of my Solana take that and stake it. Okay, great I'm gonna give you whatever this token is. So like like Lido. It's like staked Lido I'm gonna give you this staked Lido token Which is just corresponds to the one E that you put in and you do whatever you want with that that staked E That's staked E token But if you want this Ethereum is one Ethereum back you got to come back here and you got to give me that STE it's the same thing here with liquid staking. You're gonna stake this this Solana great I'm gonna give you this token which corresponds to the amount of Solana that you've actually staked if you want it back You got to give me the same thing or if you want to spend it do it You want to I don't really care So of course you have the liquid staking so it becomes liquid you can do whatever you want with it And even though you're staking and you're getting the rewards on the staking Good news is you can actually use that token for whatever you want to do whatever degenerate thing that you Have planned and then also for the MEV part which maximum extractable value Essentially what they're doing is saying like look well We will stake it for you and then we'll do all this work in the sidelines and whatever we other kind of any kind of other Token if we work with any other kind of decks we could get you some other type of crypto Maybe an NFT maybe a discount a maximum extractable value So you're gonna get like a twofer so one you get the liquid staking and the second part is you get the maximum extractable value so they're doing both in one Sitting right here on Jito so for this one the question I have is well How do I do that because a lot of people are really well versed this me personally I don't really do a lot of this but the first thing you're gonna need for this you're gonna need to connect your wallet There's two different wallets is really gonna take that I can see that unless we want to get deep in the weeds is You got a phantom wallet which you can download here I will link that in the description or you can use your ledger and I connected to your meta mask wallet Which is a browser baseball one thing I like about those is that you can lock your meta mask wallet with your ledger device That's one of the beauties of ledger and again if you want to take a look at that links description But you might ask yourself like okay So that's going on and I can actually do that. So what that looked like with actually Staking I will tell you how this works But the thing you're probably ask yourself is this if you're not really well versed in it How do I get Says if I have this this wallet here this phantom wallet or I have my ledger How do I get the Solana onto that wallet so then I can put it over here because it's it's actually two steps You can't just go from a centralized exchange and put it on this decentralized Essentially staking platform. So you're gonna have to you're gonna have to buy it on some exchange money that you have fiat Give it to the centralized exchange give me my Solana where everyone buy Solana this case You take the Solana it's sitting on the exchange Then you got to put it into this wallet and then you got to connect it and they do all those things if that's too confusing I got you there's a great website Dante just crypto. I'm very biased because I created it obviously It's a hundred percent free. It'll always be free. You know, I don't even spam you I just send you emails if I do an upload of a new video if you go to module to under safety And I click on that and it'll just go like there's just some basic information here But one of the things that talks about what's a crypto wallet? I talk about a tangent wallet and down here. I talk about a ledger and how to do it I show you how you can use something like a tangent Which is my favorite or a ledger to actually take the crypto from a centralized exchange and put on this wallet and go I'm telling right now if you're confused get the tangent and just watch the video and explain exactly why so anyhow Let's just do this real quick. I'm gonna show you how easy this is So I have my Solana. It's in this phantom wallet, right? Now. Let's just say that everything's connected already So let's just say I want to go let's just put in one Solana, right? And for that, they're gonna give me this Jido soul of 0.93 and that is of course what I'm gonna put it back for the liquid stake. I'm gonna deposit that soul and I want to show you the the transaction fees I'm not a slice of sin because you can't see it But it's one Solana you get Jido stake soul 0.93 and the network free is fee is point zero zero zero zero one soul That's like a fraction of a penny and I can just confirm that. Let's see how long it takes One, okay. It took less than a second great So then of course if I let me take a look at my wallet itself and then I'll have to splice this in so you can see it But yeah, yeah, there it is Jido stakes. That was very fast. That was less than a second So yeah, not too shabby and then for that one then so the question that becomes okay Well, I have this this this JTO token, you know, and that's great Jido when it's up and it's you know massively Appreciating what does it do? What's the whole point of that thing? Well, here's the thing about it JTO Well, first of all, I just wanted to clarify about the airdrop airdrop is backwards looking in the snapshot for eligible activity Was taken on November 25th 2023 as part of this the points campaign is closed and points will be updated So you missed out on this one, but don't worry. I got four or five that you can get into So what is JTO JTO is any of the JTO governance token? And if you click on I'll link this in the description This is the actual website you click on governance over here You click on governance itself. He'll take you to this website and because it's so new This is really going to be able to actually vote. So you actually have The JTO in your wallet I don't have any because I wasn't a part of the airdrop not that I'm bitter and I can see here that like here's a different provisions that are coming on the table to vote remove a council member out of council members set an upgrade authority and blah blah blah and of course That's where they'll do all the voting and that's where you can be part of this whole decentralized process and come together and vote and Make make JITO great again, I guess so that is exactly Essentially what it does and then here's the the whole crux of it because I talked about I'm talking pretty fast I'm sorry, but on this part here about JTO JITO The question is is like why is everybody doing it because you know, that was nice that it has liquid staking as the maximum extractable value That's cool But can everybody do that? Well, it seems like you can but there's some problems and there's also some problems with Solana So solving the MV MV problem on Solana a guide for stakers Here's where it really comes down to this and it just talks about bots and things that are going on the background We know that happens. Yes, it's true And this is actually from the JTO network Over the last seven days arbitrage Transactions from bots comprise more than 30% of transactions now everybody who hates Solana is dancing in the streets right now going I knew it bots. Well, here's the whole thing with the bots The bots are doing all these things because they're trying to farm this maximum extractable value They're trying to get their transaction in early or a little bit late or in the right sweet spot to get that Whatever value that is whatever those tokens are those NFTs to get them in so they can be part of the whole process And say hey, we're the best thing That's the whole point of the bots and that's a problem because it's really screwing things up How much time are validators wasting processing failed MEV transactions? Well, because of all these bots Solana validators are wasting more than 58% of their time Processing failed arbitrages without intervention. We anticipate the amount of waste the block space will only get worse in 2023 this was written months ago as a staker you have the opportunity to stake to validators that uphold the values You want to see in a blockchain and of course they do it by running a version contributing the ecosystem low commission high uptime run in low-stake regions and data center providers Geo Solana as a fork of the Solana labs validator Optimized for efficient MEV extraction. So that's that part and when I was reading that I'm like, okay That makes a lot of sense because when we've been talking about this before there is a one Different transactions that we pull up these different on-chain data and it looks like this This is from soul scan. I'll leave this in the description See this thing right here where it says transactions per second and success rate looks pretty sweet, right? 99.89 99.99 and of course, I think every chain has like a point zero something issue I'm not gonna say it but Solana is much worse. I go from seven days to a month You start to see like that's still pretty good. Actually. Well, how about three months? Okay, now we're seeing a picture of something a little bit different. This is an October 5th 2023 The success rate went from the high 99 98.99 99 down to 95 dropped to 90% 89 88 let's even take it further Let's take a look at all time and you can see Solana has quite at the issue, right with the transaction second and success rate 68% success rate on March 13th 2023. That's an issue. Then of course we come down here. We take a look at Where are we success vote versus non-vote transactions? All these different these non-vote transactions. It's still in the millions but look at these vote transaction That's a lot. I could be the bots that we're talking about the different transactions that are happening So the so the thing that we take a look at is this What Gita was talking about was an issue with Solana and I must say Solana is making much better But this is fairly recent if I'm not mistaken if we're looking at this. It's looking like October and we've had a good run does that mean it can continue that potentially I'm not gonna say anything's perfect because it's not So it's just something to watch out for but I gotta tell you you have to understand. I'm very biased I own a Solana and the next thing we're gonna talk about I own a lot of it too and that It's actually called Cardano and before we get into the Cardano piece I will just put this in the link in the description. I did tease that there was these different Products or different platforms you can get into for the farming just like you saw with Jupiter Just like you saw with with Gito You can see that this is from Ansem next round of most likely Solana airdrops Margin by tensor communa parcel manure adrift Zeta Jupiter exchanges because it's got four more or three more and of course there's one from gum shoe and he lays it all out as well I'm gonna link both of those other Twitter accounts with this specific tweet So you can do all the different farming that you want to do and maybe run things through there But again, this is extremely risky. That's the Solana piece now Cardano so Snack snake, whatever. How would you say it? This was one of those projects that has really taken off lately and the last 24 hours will have 27 percent last 30 days 313 percent that's pretty darn good right and right now. It's not even ranked. It's one of those low cappers so the fully diluted valuations 77 knowing I'm 327 thousand and I get interested in these meme coins Especially as we start to get into this this bull run because you get to these D gen place Let's be honest. It's what it is and we were talking yesterday about bonk bonk Was was introduced to me like when I was in the 170s 150s and I said this is gonna This is a meme coin kind of like doge coin but built on Solana I said this will be a top 100 coin easily and that was again 170 150 Now we're sitting at rank number 80 and over 30 days. It's almost 7000 percent not bad for 30 days So a snack I was like hey, I'm gonna get my hands on some of that and that led me to the question Which was this? What's the best Cordano decks is to buy snack ask or snake asking for a friend and Everybody had some great piece of advice and then someone said dex hunter. You gotta go to dex hunter or tap tools Which will lead you to that one and or Nami or not Nami Mim swap min swap, excuse me. So I said, okay, great So Patricia said go to tap tools first, but you go to dex hunter. So dex hunter is an aggregator It finds the lowest prices and when I did that I put it through very easy to do I use the Nami wallet for a cardano Again, if you want to learn all about that go to the Dante just crypto and when I did this I Said hey, is this normal because when I'm doing this it's a little bit odd I've got It was taken, you know, 10 minutes then 20 minutes And I was like what's happening here right here I did a screenshot of six minutes and five minutes and I did Excuse me five minutes. Oh, that's six months ago five minutes ago Yeah, 40 seconds or a second They should leave just Differential between six months because I bought banker a long time ago Anyhow, so I put 28 in and 580 and it just took a long time I think about 20 minutes or so to go through on a dex. I thought that was very odd So I put it out in the tweet and I said hey, is this normal and I got a bunch of answers and The dex hunter said hey, it's up to the dex is the process of transactions when I placed them We're an aggregator So just finding you the best deals and running act across dexes accordingly and that's true That's what they do and they did a great job. I said, yeah, I get it There's some slow down the dexes and then a lot of people were saying ah Rob Why are you doing it so low? You should you you know are just 580 and I said hey I only do these on I do test transactions I'm not gonna put in 10,000 cardano on someone that may not go through test transactions, man You got to do those first and that's on everything So we did that took a bit more time actually went through and then some people say we got just a slippage You got to do this you got to do that fine, whatever and then for this one I went through so yeah, I'm happy and then If you can see right here that they found the cheapest one which was actually men swap So I actually went through men swap take a look at it and I was like, let me try it over here I'm gonna do this right now and let's see how long it takes I'm not so concerned over the time frame because everything gets bogged down, right? We can agree that people get there's a lot of transactions going on things kind of slow down I'm not gonna fall anybody for that. I will say and I've talked about this before of two or three weeks ago See this bachelor fee. This is a fee paid for the service of off-chain laminar bachelor process transaction It's to Ada right now That's about a buck because eight is around 49 50 cent somewhere around there and I was thinking myself like well It's a dollar, but that's a heck of a lot more than the point zero zero zero zero one Solana And I thought to myself, what if we go to the all-time high and we're going to Ada let's six bucks Now, of course they can go down, but I mean in all honesty That's that's something now If we take like the liquidity provider fee point zero eight four eight, it's not bad But the bachelor fee we'll see if that goes away at some point and the deposit Ada. I understand It's a UTXO. So unspent transaction transaction output gotcha. So you got to put it there But you get it back whatever Let's try this right now because some people are saying well Rob You got to go over 20 because it makes it quicker. Let me just put this in let's put in 23 I don't know and swap Let's see. So 14,400 everything looks pretty good bachelor fee two way to deposit. Yeah route eight of us confirm swap and This is a Nami. I don't if you can see this. I'm just gonna click on sign my password and done let's see and Your process has been your transaction has been processed successfully close So I'm gonna do is I'm gonna open up my Nami wallet and take a look not there yet, so All right, that is a immediate as I'd like to be but again things get slow, right? Just one of those things that happens and maybe it'll show up in a little bit But not right now that I can see Now I don't see it and now I'm coming over here and still in queue So sure little bit a little congested no big deal now. I want to go over here to Orca if you've seen Orca another decentralized exchange. It's built on Solana and this one that I use a lot of And Let's just do this and let's see by pith with I don't know Let's put in one Solana because my wallets is already connected and this is gonna go. Let me click on buy approving and It's things gonna come up a network fee points. There's zero zero seven. I'll still go for it. All right and Yeah, there it is so done. All right, so that looks like it did pretty well Not too bad. And then I so I will say this before we finish out You you have to understand like again these things get congested, but you really have to take a look at the data So how congested is it and there's a website. It's called defi llama If you go defilama.com forward slash dexes underneath volume and overview Let's take a look what the volume has been over seven days because maybe it's just a lot of volume So if we separate this we can go high to low And so now we got uniswap in the last seven days did 10.2 billion pancake 2.6 Third chain 1.3. Wow and orca the one just uses 1.14 billion Let's take a look at min swap And here we are min swap number 46 and they did 34.71 million interesting and last 24 hours they did 8.85 million. All right and The one that we just used orca did 364 million so Take over the grain of salt. It looks like there's a lot of those are the transactions That's it for today. So look flight today's video. Give it a thumbs up. Consider subscribing when we talk about its time sensitive But that's it for today. I want to say thanks so much for stopping by do appreciate it You know, see you on the next one