DeFi Airdrops

Umbra Privacy is a privacy protocol built on Solana described as “incognito mode for your money”. It runs on Arcium, a multi-party computation (MPC) layer that handles encrypted execution, enabling users to shield token balances, send confidential trasnfers, and interact with DeFi privately. The protocol went live on public mainnet in early 2026, with a mobile app available via TestFlight for iOS users. Umbra raised approximately $3M through an oversubscribed ICO on MetaDAO in October 2025.

Canborsa is the first perpetual DEX for real-world assets (RWA) built on Canton Network. It lets users trade tokenized commodities and traditional financial assets (oil, gold, stocks, and real estate) as on-chain perpetuals alongside standard crypto pairs. Canton Network is a privacy-enabled blockchain built for financial institutions. The project has confirmed early-access status and is running a public points program ahead of its full launch.

Pod Network is a Layer-1 blockchain built for on-chain trading without MEV. It runs perpetual futures markets on assets like stocks, commodities, and indexes, with confirmations around 150ms. The project raised a $10M seed round in January 2025, backed by a16z crypto’s CSX program, 1kx, Blockchain Builders Fund, the Stanford Blockchain Accelerator, and Protagonist. The testnet is live for approved users, and a mainnet waitlist is open. A three-week trading competition is running on testnet now, with the top trader winning a Rolex Submariner.

DeepBook is the first native central limit order book (CLOB) on the Sui blockchain. It works as a shared liquidity layer that other Sui protocols, including spot DEXes and margin-trading apps, route through for order matching and deep liquidity. Trades settle in roughly 390 milliseconds. DeepBook was built by Mysten Labs, the team behind Sui, and sits underneath much of the chain’s trading activity, so order flow reaches it from many of Sui’s DeFi front-ends.

Catena is a banking and governance platform built for AI agents. It gives autonomous agents a way to hold accounts, make payments, and manage yield while staying inside rules that a human operator defines. Catena has raised around $48 million in total: an $18 million seed round in 2025 and a $30 million Series A announced on May 20, 2026. a16z crypto and Acrew Capital co-led the Series A, with Breyer Capital, General Catalyst, and QED Investors participating. Earlier backers include Circle Ventures, Coinbase Ventures, and CoinFund.

Doma Protocol is a blockchain built to tokenize internet domains as on-chain real-world assets. Its DNS-compliant architecture lets users mint domain names directly into tradeable NFTs or ERC-20 tokens, giving standard domain registrations DeFi utility they have never had before. The project raised $30 million across two rounds: a $5M seed in 2023 led by Shima Capital, and a $25M Series A in early 2025 led by Paradigm, with Coinbase Ventures also participating. Mainnet launched in November 2025, and the platform is live with trading, minting, liquidity provision, and quests fully operational.

Predikt is an API stack and protocol that unifies fragmented prediction markets into one access layer. Instead of bouncing between Polymarket, Kalshi, and other venues, traders and developers can route through a single interface for unified data, liquidity aggregation, and intelligent order execution across markets and chains. The platform targets builders first. Wallets, exchanges, and DeFi apps can plug into Predikt’s API to add prediction market functionality without integrating each venue separately. End users get faster execution and deeper liquidity by tapping aggregated order books rather than fragmented pools. The project is in early beta and a public waitlist is open.

Vibe Trading is a permissionless perpetuals exchange built on Hyperliquid that lets anyone list and trade any token with up to 20x leverage and zero listing fees. The team pitches it as the “PumpFun of perps,” applying the open-listing model from spot memecoins to leveraged derivatives. Markets that gain real traction on Vibe can graduate to HIP-3, Hyperliquid’s framework for native order-book perpetuals, giving long-tail tokens a path to deeper liquidity. The platform is in beta with a QuantStamp audit pending.

Ceitnot Protocol is a Collateralized Debt Position (CDP) protocol on Arbitrum. Users deposit crypto assets as collateral to mint $ceitUSD, a decentralized stablecoin. The protocol’s Peg Stability Module (PSM) enables direct swaps between $ceitUSD and other stablecoins, keeping the peg without depending on open-market arbitrage.

RabbitHole is an on-chain rewards platform that pays users for holding crypto assets and staying active, rather than for completing one-off tasks. The platform is built around a Hold-to-Earn model: rewards go to wallets that hold qualifying assets and take part in campaigns over time. It is currently in its waitlist phase, so the Hold-to-Earn campaigns are not live yet and joining the waitlist is the only available action right now. RabbitHole has raised roughly $21.6 million across two rounds: a $3.6 million seed in 2021 and an $18 million Series A in 2022. Backers include Electric Capital, which led the seed, along with Greylock, ParaFi Capital, and Framework Ventures.

Domination Finance is a non-custodial decentralized perpetuals exchange for trading market dominance pairs instead of absolute prices. Rather than betting on Bitcoin’s USD price, traders take leveraged positions on pairs like $BTCDOM, $ETHDOM, and $USDTDOM, which track an asset’s market share relative to the total crypto market cap. DomFi raised around $3.2M in a 2021 seed round led by ParaFi Capital, with Dragonfly, CoinGecko Ventures, AU21 Capital, Shima Capital, OKX Ventures, and Huobi Ventures participating. Mainnet is live and vaults are active on Base.

Dustswap is a gamified DeFi swap and bridge platform on Base, built on OpenOcean’s aggregation infrastructure. It turns routine on-chain activity like swaps, quests, and daily logins into a points-based progression system, with rewards paid out in its upcoming $DUST token. Dustswap has not disclosed funding details or named backers publicly. The app is live on mainnet, the Particle Points system is operational, and a token generation event for $DUST is on the roadmap.

isometric is a prediction market protocol on Solana that lets users bet on where a price will land rather than just whether an event will happen. Where Polymarket and most prediction markets use binary yes-or-no outcomes, Isometric replaces that with a continuous range. Instead of betting “will BTC be above $100k on April 30,” users pick a band like “BTC between $80k and $95k on April 30.” Payouts follow a Gaussian distribution: hit the center of your range for the maximum payout, land close-but-not-perfect for a partial payout, miss entirely and you lose your collateral. Pricing uses an LMSR (Logarithmic Market Scoring Rule) model, and every position is minted as an NFT directly into your wallet, keeping custody with the user rather than a centralized counterparty. Isometric is currently live on Solana devnet, so traders can test the full mechanic without putting any real capital on the line. The $ISO token is confirmed in the project’s whitepaper, which makes early devnet activity a

Ondo Perps is a perpetual futures trading platform built by the team behind Ondo Finance, offering 24/7 trading on tokenized U.S. equities, ETFs, and commodities. Users can take long or short positions on assets like NVDA, TSLA, AAPL, gold, silver, and oil with up to 20x leverage. The platform launched in early access in 2025 and is available to users outside the United States and other restricted jurisdictions. The platform’s main differentiator is planned support for tokenized securities as collateral. Existing RWA perps venues force traders to post stablecoins, locking up capital twice when they already hold the underlying asset. Ondo Finance previously raised a $4M seed round in 2021; a $20M Series A in 2022 led by Founders Fund and Pantera Capital, with backing from Coinbase Ventures, Tiger Global, and Wintermute and $22M in May 2022.

Phoenix is an on-chain perpetuals exchange on Solana, currently live in private beta. It is built by Ellipsis Labs, the same team behind the original Phoenix spot orderbook DEX. The new product brings perpetual futures trading to a similar on-chain orderbook design, with execution settled directly on Solana rather than through off-chain matching engines. Ellipsis Labs has raised $44.3M across multiple funding rounds, backed by several well-known crypto venture funds. Their earlier work on the Phoenix spot DEX informs how the perpetuals exchange handles order matching and latency on Solana.

Tangent is a DeFi protocol building $USG, an over-collateralized USD stablecoin minted through a collateralized debt position (CDP) model. The design takes cues from Curve’s crvUSD, with $USG backed by productive collateral like Curve LP tokens and Pendle PTs rather than idle assets. The protocol focuses on capital-efficient borrowing and yield generation. Users can mint $USG against productive positions, often at low or interest-free rates depending on the market, and earn yield through a savings vehicle (sUSG) or by providing liquidity. Peg stability is handled through Peg Keepers placed on top of the main Curve pools, similar to the crvUSD mechanism. Tangent integrates with Curve, Frax, and Pendle and is built on Ethereum. The protocol is in late-stage pre-launch, with the pre-deposit campaign opening before the public $USG release.

Charms is a consumer app for creating, chatting with, and trading AI characters that hold persistent memory, personality, voice, and visuals. The platform is built on Base and lets every character launch its own on-chain market through Clanker. Trading fees from those markets pay creators in USDC and fund each character’s treasury, which turns chat interactions into revenue-generating assets. The app is live on iOS and the web at charms.ai, with login support for World App and Base App. The project closed a $1.5 million pre-seed round announced in May 2026, with backing from Lattice, JME, Coinbase Ventures through the Base Ecosystem Fund, Gidorah via Echo, and a grant from the World Foundation.

Kash is a permissionless prediction market protocol built on Base that turns posts on X into on-chain trades. Users place positions by quote-tweeting a market with @kash_bot and stating their side, and an AI agent handles routing and settlement. Markets are short-term and cover CT drama, narrative calls, Spaces stakes, and similar live topics. Kash raised $2 million in a pre-seed in February 2026, co-led by Spartan Group and Big Brain Holdings, with Coinbase Ventures, MoonRock Capital, Halo Capital, Kosmos Ventures, Fabric Ventures, and Polaris Fund participating. The public testnet went live in early May 2026, with mainnet expected to follow.

BULK is a decentralized perpetuals exchange built on Solana, designed to deliver CEX-level trading speed in a fully on-chain environment. The platform runs an ultra-low latency orderbook and a custom execution layer integrated directly with Solana validators, targeting traders who want leveraged crypto derivatives without giving up self-custody or censorship resistance. The project closed an $8 million seed round in September 2025, co-led by Robot Ventures and 6th Man Ventures. Backers include Wintermute Ventures, Mirana Ventures, and Chapter One, with Solana co-founder Anatoly Yakovenko participating as an angel investor. Wintermute’s involvement is particularly worth flagging given how much of a perp DEX’s success comes down to market-maker quality at launch. BULK is currently live on testnet, with mainnet expected, though no date has been confirmed. Active development covers margin modes, the risk engine, and deeper validator integration.

Monetrix is a yield-bearing stablecoin protocol built natively on HyperEVM. The protocol issues USDM, a stablecoin pegged 1:1 to USDC, and sUSDM, its auto-compounding staked version. Users mint USDM by depositing USDC and stake it to sUSDM, with yield distributed through exchange rate appreciation rather than rebases. Yield comes from delta-neutral strategies that captures funding rates, HLP returns, maker rebates, and other Hyperliquid-native sources without any centralized exchange custody or off-chain execution. Every position is verifiable on-chain, which is the main differentiator against yield-bearing stablecoins that rely on opaque CEX-based strategies. Monetrix is built by the Hybra team and was audited through a Code4rena contest in April 2026. Funding details have not been publicly disclosed. The protocol is currently in its pre-launch phase, with the Genesis Signal campaign live ahead of the main Genesis opening.

CoinEx is a centralized cryptocurrency exchange launched in 2017, offering spot and futures trading across hundreds of digital assets. The platform serves users in over 200 countries and regions, with support for 13 languages. Its native asset, CoinEx Token (CET), is used for fee discounts and other perks on the exchange. The exchange follows what its team calls a “user first” approach, focusing on retail accessibility without skimping on the order depth and instrument variety serious traders look for. CoinEx allocates 20% of its daily trading fee income to repurchasing CET, with the bought-back tokens burned at the end of each calendar month. CoinEx’s parent group also operates other crypto infrastructure businesses, with ViaBTC Pool (one of the larger Bitcoin mining pools) being the most well-known.