Slinky Launches Airdrop to 27.7 Million Wallets on Solana

Slinky, a blockchain project that uses ZK compression, has launched an airdrop to distribute 10% of its total supply to 27.7 million wallets on Solana. The project utilizes ZK-compressed token accounts, a storage mechanism that allows launching a massive airdrop and keeps costs low. Slinky explained that by employing traditional methods, such an operation would cost over 55,000 SOL (over $10,000,000). However, the compression allows it to do the same operation paying just 22.2 SOL ($4,200), enabling high-reach airdrop campaigns to happen at a fraction of the cost. The airdrop is one of the largest ones launched on top of Solana, and Solana co-founder Anatoly Yakovenko himself was surprised by the scope of its operation.