Vanish Secures $1M for Solana Privacy Platform, Fueling Airdrop Speculation

Edgen Crypto

·Feb 02 2026, 18:04

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Key Takeaways

Vanish, a privacy-focused trading platform on Solana, has launched its public beta after raising $1 million in a pre-seed round backed by Solana Ventures and co-founder Anatoly Yakovenko. While no token has been confirmed, the platform's "Silent Rewards" program is driving speculation of a potential retroactive airdrop for early users.

Strong Backing: The platform secured $1 million in funding from key ecosystem players including Colosseum, Solana Ventures, and Anatoly Yakovenko.
Airdrop Unconfirmed: Vanish has not announced an official airdrop, but its "Silent Rewards" program for users who shield SOL may position them for a future token distribution.
Early Traction: Since its public beta launch on November 4, 2025, Vanish has already attracted over $1 million in Total Value Locked (TVL).

Vanish Secures $1M to Bring Private Trading to Solana

Vanish, a privacy-focused trading platform built on Solana, has raised $1 million in a pre-seed funding round to develop its private swap protocol. The round was led by Colosseum and included participation from Solana Ventures, Pivot Global, and Solana co-founder Anatoly Yakovenko. The platform is designed to shield trading activity from front-runners and public wallet analysis, allowing users to execute private transactions while retaining Solana's network speed.

Beta Surpasses $1M TVL, Fueling Airdrop Speculation

Following its public beta launch on November 4, 2025, Vanish quickly accumulated over $1 million in total value locked (TVL), signaling early user interest. While the project has not officially confirmed an airdrop, it has initiated a "Silent Rewards" program that is driving speculation about a future token distribution. Users who shield SOL tokens on the platform automatically accrue daily rewards, creating a potential mechanism for a retroactive airdrop based on early participation.

Referral Program Offers 20% Reward as Users Position for Token

To potentially qualify for a future airdrop, users are engaging with the platform by shielding SOL, executing private swaps across various SPL tokens, and participating in its referral program. The program offers a 20% base referral reward, incentivizing users to bring in active traders. Analysts suggest that consistent, long-term participation and high-quality referrals may be heavily weighted if Vanish proceeds with a token launch.