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$4 Billion Offered in Crypto Airdrop in 2024! Here are the next opportunities!
Thu 13 June 2024 ▪ 4 minute read ▪ by Luc Jose A.
Cryptocurrency airdrops continue to make waves in 2024, attracting more and more attention in the cryptocurrency universe. Several projects particularly stand out in this trend, with truly impressive figures suggesting significant gains for users. As the year progresses, the excitement around airdrops shows no signs of slowing down, promising many more surprises and opportunities for participants.
Rain of billions in the cryptocurrency sector
Cryptocurrency launches they have already distributed more than $4 billion to users in 2024, while the year is still far from over. Airdrops are essentially free distributions of tokens by crypto projects, often intended to reward early adopters or transfer governance to community members. Between the most notable this year, Jupiter, Starknet, and Notcoin each stand out by giving away around $1 billion in tokens. Other crypto projects, such as Wormhole, Ether.fi, FriendTech, and Wen, based on the Solana and Ethereum blockchains, also participated in this financial benefit by distributing large sums.
Historically, some of the largest airdrops have been made by well-known projects such as Uniswap, Apecoin, and dYdX. According to a report by CoinGecko, the total value of airdrops through December 2023 was $26.6 billion, considering the higher prices of the tokens. Including 2024 air launches at their peak values, the total amount reaches $34 billion. These figures not only illustrate the scale of the airdrop phenomenon, but also their significant impact on the crypto ecosystem.
Many opportunities coming in 2024
The year 2024 still offers great opportunities for cryptocurrency enthusiasts, as numerous launches are expected in the coming months. As early as next week, Ethereum’s Layer 2 network, ZKsync, will make its long-awaited airdrop. In June it will be the turn of Zeta Markets, a decentralized exchange based on Solana, to distribute its tokens.
At the same time, the EigenLayer restake protocol on Ethereum has already started its airdrop, although the tokens will only be transferable by the end of the year. Additionally, LayerZero, a cross-chain messaging protocol, is also preparing to launch its airdrop, although the exact date has not yet been set. These events demonstrate that crypto projects continue to use airdrops as an effective way to engage their community and encourage adoption.
These free token distributions represent not only an advantage for users but also a challenge for projects, which must ensure the fairness of the distribution. Indeed, with the rise of airdrop farmers, those users who attempt to game the system with multiple wallets, the selection criteria are becoming increasingly stringent. Despite these challenges, airdrops remain a popular strategy cryptographic projectsoffering both significant financial rewards and greater community participation.
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Luc Jose A.
Graduated in Science Po Tolosa and holder of a blockchain certification consultant issued by Alyra, I returned to participate in Cointribune in 2019. Capturing the potential of blockchain to transform numerous sectors of the economy, I have made a commitment to raise awareness and inform the great public about this constantly evolving ecosystem. My goal is to allow anyone to better understand blockchain and learn about the opportunities it offers. I strive every day to provide an objective analysis of current events, to decipher market trends, to convey the latest technological innovations and to put into perspective the economic and social efforts of this revolution in brands.
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be relied upon as investment advice. Do your research before making any investment decisions.