The SKR token powers governance and staking within the Solana Seeker mobile ecosystem, with rewards distributed every 48 hours at no commission. The post SolanaThe SKR token powers governance and staking within the Solana Seeker mobile ecosystem, with rewards distributed every 48 hours at no commission. The post Solana

Solana Mobile Surprises Users With SKR Token Airdrop

3 min read

Solana Mobile has launched SKR, the native token of its mobile ecosystem, as the Solana SOL $127.1 24h volatility: 1.6% Market cap: $71.87 B Vol. 24h: $5.10 B community saw one of the largest consumer-focused airdrops on the blockchain network to date.

The token went live this week, with nearly 2 billion SKR distributed to users and developers who participated in Seeker Season 1.

More than 100,000 users and 188 developers are eligible to claim tokens. At launch prices, the airdrop was valued at roughly $26.6 million.

Claims are open for 90 days, after which unclaimed tokens return to the airdrop pool.

What SKR Does Inside the Seeker Ecosystem

SKR is the utility and governance token for the Solana Mobile platform. It powers staking rewards, governance decisions, and incentive alignment across users, developers, Guardians, and hardware partners.

The token is issued as an SPL asset on Solana with a fixed supply of 10 billion SKR.

Once claimed, SKR can be staked immediately through the Seed Vault Wallet or Solana Mobile’s web interface.

Staking carries 0% commission at launch, with inflation events every 48 hours. Rewards compound automatically, and unstaking carries a 48-hour cooldown.

Early Market Reaction and Supply Lockup

SKR began trading around 02:00 UTC and quickly surged roughly 39%, reaching about $0.0113.

Circulating supply currently stands near 5.43 billion tokens with an estimated market capitalization of around $62 million.

On-chain data shows aggressive early staking. Roughly 3.6 billion SKR, or nearly 64% of the circulating supply, has already been locked in staking contracts.

This reduces liquid supply and limits short-term sell pressure.

Seeker Season 2 and More

The airdrop follows the conclusion of Seeker Season 1, which began after Solana Mobile started shipping Seeker devices globally in August 2025.

During the season, over 256 decentralized apps launched in the Solana dApp Store, processing more than $2.6 billion in transaction volume.

Developers who shipped approved apps received SKR allocations, with each qualifying team earning 750,000 tokens.

At peak prices, those allocations were worth over $11,000. Also, developers can avoid the 30% tax charged by the App Store via the Solana dApp Store.

It is important to note that Solana Mobile has already kicked off Seeker Season 2. New rewards, boosted incentives, and early access campaigns are now live across DeFi, gaming, payments, and DePIN applications.

Only a portion of the total SKR supply has been distributed so far, leaving additional tokens reserved for future ecosystem participants.

Solana Mobile has also hinted at expansion beyond its first device.

next

The post Solana Mobile Surprises Users With SKR Token Airdrop appeared first on Coinspeaker.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

South Korea Launches Innovative Stablecoin Initiative

South Korea Launches Innovative Stablecoin Initiative

The post South Korea Launches Innovative Stablecoin Initiative appeared on BitcoinEthereumNews.com. South Korea has witnessed a pivotal development in its cryptocurrency landscape with BDACS introducing the nation’s first won-backed stablecoin, KRW1, built on the Avalanche network. This stablecoin is anchored by won assets stored at Woori Bank in a 1:1 ratio, ensuring high security. Continue Reading:South Korea Launches Innovative Stablecoin Initiative Source: https://en.bitcoinhaber.net/south-korea-launches-innovative-stablecoin-initiative
Share
BitcoinEthereumNews2025/09/18 17:54
Vitalik Buterin Questions the Continued Relevance of Ethereum’s Layer 2 Solutions

Vitalik Buterin Questions the Continued Relevance of Ethereum’s Layer 2 Solutions

The post Vitalik Buterin Questions the Continued Relevance of Ethereum’s Layer 2 Solutions appeared on BitcoinEthereumNews.com. Vitalik Buterin, a prominent voice
Share
BitcoinEthereumNews2026/02/04 05:30
Taiko Makes Chainlink Data Streams Its Official Oracle

Taiko Makes Chainlink Data Streams Its Official Oracle

The post Taiko Makes Chainlink Data Streams Its Official Oracle appeared on BitcoinEthereumNews.com. Key Notes Taiko has officially integrated Chainlink Data Streams for its Layer 2 network. The integration provides developers with high-speed market data to build advanced DeFi applications. The move aims to improve security and attract institutional adoption by using Chainlink’s established infrastructure. Taiko, an Ethereum-based ETH $4 514 24h volatility: 0.4% Market cap: $545.57 B Vol. 24h: $28.23 B Layer 2 rollup, has announced the integration of Chainlink LINK $23.26 24h volatility: 1.7% Market cap: $15.75 B Vol. 24h: $787.15 M Data Streams. The development comes as the underlying Ethereum network continues to see significant on-chain activity, including large sales from ETH whales. The partnership establishes Chainlink as the official oracle infrastructure for the network. It is designed to provide developers on the Taiko platform with reliable and high-speed market data, essential for building a wide range of decentralized finance (DeFi) applications, from complex derivatives platforms to more niche projects involving unique token governance models. According to the project’s official announcement on Sept. 17, the integration enables the creation of more advanced on-chain products that require high-quality, tamper-proof data to function securely. Taiko operates as a “based rollup,” which means it leverages Ethereum validators for transaction sequencing for strong decentralization. Boosting DeFi and Institutional Interest Oracles are fundamental services in the blockchain industry. They act as secure bridges that feed external, off-chain information to on-chain smart contracts. DeFi protocols, in particular, rely on oracles for accurate, real-time price feeds. Taiko leadership stated that using Chainlink’s infrastructure aligns with its goals. The team hopes the partnership will help attract institutional crypto investment and support the development of real-world applications, a goal that aligns with Chainlink’s broader mission to bring global data on-chain. Integrating real-world economic information is part of a broader industry trend. Just last week, Chainlink partnered with the Sei…
Share
BitcoinEthereumNews2025/09/18 03:34