If you farm airdrops from a wallet, put your hours into Solana. Avalanche's incentive money mostly goes to teams that ship blockchains, not to wallets that work through quests.

The difference comes down to who each ecosystem pays. Solana protocols still hand tokens to points holders. Backpack gave a quarter of its supply to its community in March. Avalanche's flagship program, Retro9000, pays builders after KYB and KYC checks. The gap in DeFi scale makes the same point. By DefiLlama's count, Solana's two largest protocols each hold more than twice Avalanche's entire native TVL.

Solana and Avalanche side by side

Measure Solana Avalanche
DeFi TVL, DefiLlama About $5.49B (late April 2026) About $793.04M native, plus about $4.899B bridged (late Sept 2026)
Protocol TVL cited from DefiLlama, Sept 2026 Sanctum $2.33B; Jupiter $2.04B (Sept 27) Avant avUSD about $108.77M
Tokenized-stock market cap, Bitcoin.com News, late Sept 2026 $723M, 3rd among chains About $428M, 4th among chains
Tokenized-stock growth, same report 123,500 new holders $131.2M weekly inflow
Flagship 2026 incentive Backpack BP: 250M of 1B supply to community (Mar 23, 2026) Retro9000: $40M retroactive grant pool
Who the flagship incentive pays Season 4 points holders (240M BP) and Mad Lads NFT holders (10M BP) Teams with shipped Avalanche L1s or infrastructure, after KYB/KYC
Wallet-level route into it Trading, wallet DeFi activity, payments, referrals Project voting and referrals, up to $3,000 in AVAX per project per round
Named fake-airdrop campaign CLINKSINK, about $900K stolen, impersonating Phantom, DappRadar, BONK Look-alike domains (ava-claim.com, avaprize.com and others) asking for the seed phrase

Solana

Solana's case rests on depth and on a habit of paying wallets. On depth: DefiLlama put Sanctum at about $2.33 billion and Jupiter at about $2.04 billion as of September 27, 2026. CryptoBriefing, citing Oak Research, found Solana DeFi held on to its TVL better than Ethereum's through the downturn, with Jupiter Lend growing fast enough to become the network's largest lender.

The habit of paying wallets is what matters to you. Backpack's BP launch on March 23, 2026 sent 240 million tokens to Season 4 points holders and gave founders, team and investors nothing at launch. Season 4 ran from November 20, 2025, with snapshots every Thursday and a final "epilogue" window before the TGE. Solana Mobile's SKR followed the same pattern on January 21, 2026. Thirty percent of a 10 billion supply went to the community, and the airdrop tranche was fully unlocked at launch, per BingX's guide. Claiming needed only 0.001 to 0.01 SOL in fees.

The weaknesses are real. Solana's TVL of about $5.49 billion in April was less than half its peak of $11.7 to $12.2 billion in August and September 2025. The big retroactive drops (Jupiter, Jito, Wormhole) are behind it. What's live now is smaller and quest-driven, with points per dollar of fees or leaderboard pools. SKR also showed how rules can cut people out after the fact. First-generation Saga owners were excluded, and daily engagement counted for more than one-off volume. Buy into Solana farming if you can show up repeatedly over a season, because that is what the recent rules rewarded.

Pros
  • Two protocols above $2B TVL each (DefiLlama, Sept 27, 2026)
  • Recent drops paid points holders directly: 240M BP to Season 4
  • Low claim cost: 0.001 to 0.01 SOL for SKR
Cons
  • TVL roughly halved from its 2025 peak
  • Current campaigns are smaller points and quest rewards
  • Eligibility rules can exclude groups, as Saga owners found

Avalanche

Avalanche spends heavily, but on builders. Retro9000 is a $40 million pool that rewards "shipped Avalanche L1s and foundational infrastructure on mainnet." The first cohort's 19 grantees shared over $1 million. The fourth, announced February 27, 2026, gave six projects over $160,000, and the payments wait on KYB and KYC. A separate C-Chain Round ranks the top 40 projects by AVAX burned in fees. A wallet holder's way in is narrow: connect at retro9000.avax.network, vote, and refer projects for up to $3,000 in AVAX per project per round.

The chain's momentum is institutional. Avalanche took $131.2 million of tokenized-stock inflow in a week, according to Bitcoin.com News. Securitize's SECZ alone added $132 million, and the report says that growth sits with a few large investors. Hanwha Group picked Avalanche for tokenized securities settlement on September 7. The Helicon upgrade went live on September 22. It cut the minimum staking period from two weeks to 48 hours, cut the reward consumption fee from 10% to 7.5%, and raised validator uptime from 80% to 90%. That's a better deal for AVAX stakers. The Foundation's "Measure, Capture, Distribute" research agenda is trying to steer more value from apps back to validators and stakers, but it is a research agenda, not a shipped change.

The shortfall for a farmer is scale. Native TVL was about $793 million, against about $4.9 billion bridged in. Bitget, citing MSB Intel, put DeFi TVL at $488.5 million, with AVAX at $7.40 and a market cap near $3.2 billion at the time. Our sources don't show a tokenless-protocol farming scene on Avalanche of anything like Solana's size. Avalanche is the pick if you build an L1 or stake AVAX, not if you farm quests.

Where they part ways

Three things separate them, and none of them is speed.

Who gets the money. Backpack's 240 million tokens went to people who traded, used the wallet and referred friends. Retro9000's fourth cohort went to six teams that had shipped products and passed identity checks. One model pays your wallet for activity. The other pays a company for a deliverable, and you can only touch it at the edges through referrals.

Who is arriving. The Bitcoin.com report puts it plainly: "Avalanche is attracting larger pools of capital, while Solana and Robinhood are attracting more individual users." Solana added 123,500 tokenized-stock holders. Avalanche added more dollars from fewer hands. Airdrops follow users, because user counts are what a points program pays to inflate.

What the scams look like. On Solana, CLINKSINK ran fake airdrop pages posing as Phantom, DappRadar and BONK. It rotated domains every four to six hours and took about $900,000. The Avalanche scams documented by Malware Guide are cruder: domains like ava-earn.com and ava-claim.com ask outright for your seed phrase. Both tricks get timed around real launches, so a busy claim week on either chain is when you're most exposed.

The best case for Avalanche is that Solana's TVL halved from its 2025 peak and its airdrops have shrunk, while Avalanche is winning institutional deals. That's fair. But institutional inflow doesn't come with a points program, and $40 million spread across vetted builders doesn't reach a wallet that only votes.

Verdict

For a wallet holder chasing airdrops and points, choose Solana. It has the protocols, the recent record of paying points holders, and a retail base that campaigns are built to attract. Expect smaller, quest-shaped rewards than in 2023 and 2024, and expect eligibility to favor steady activity across a season.

Choose Avalanche only if you ship an L1 or infrastructure that could qualify for Retro9000, or you stake AVAX and Helicon's shorter lockup and lower fee change your math. Otherwise its referral rewards are a side task, not a reason to move your hours.

Questions people search

None of our sources gives Avalanche and Ethereum measured side by side, so we won't guess. The one Ethereum comparison we have is Oak Research's finding that Solana DeFi retained TVL better than Ethereum's in the downturn.

We don't tell readers what to buy. For farming, the question is which chain pays wallets, and recently that has been Solana. AVAX holders should note DefiLlama tracks its unlock schedule and its supply is hard-capped at 720 million.

We have no sourced figures on Sui, so we can't compare them fairly here.