Wormhole Airdrop Strategy: Bridging with Portal

Before we get started, this is not a recommendation or endorsement to buy any token(s) mentioned.

This week, we move on to one of the most anticipated Solana airdrops–Wormhole. Having covered airdrop strategies for Jupiter, marginfi, Parcl, and Kamino, Wormhole remains one of the largest Solana airdrops anticipated for 2024 due to the extensive use of its bridging Portal since 2021.

Wormhole is a generic message passing protocol that enables communication between blockchains. It is a leading interoperability platform that powers bridges and multichain DeFi applications across 30 blockchain networks (L1s and L2s). The Wormhole platform has powered the cross-chain transfer of over $35B in value.

Here are three common applications Wormhole can be used to build:

1. Cross-Chain Exchange: A developer can build an exchange that allows deposits from any Wormhole-connected chain, increasing the liquidity users can access
2. Cross-Chain Governance: If a group of NFT collections on different networks wants holders to vote on a combined proposal, they can pick a "voting" chain and use Wormhole to communicate votes cast on different chains to the voting chain
3. Cross-Chain Game: A game can be built and played on a higher throughput network like Solana, while its rewards are issued as NFTs on a different network, such as Ethereum Mainnet

Wormhole is known for its original bridge Portal connecting Solana and Ethereum Mainnet, since launching during a Solana hackathon in 2021. Today, Portal is the flagship