Ethereum

Zeta Markets

2024

LayerZero

Crypto airdrops have distributed over $4 billion in 2024, with significant contributions from Jupiter, Starknet, and Notcoin. Each of these projects has handed out approximately $1 billion in tokens. Other projects, including Wormhole, Ether.fi, FriendTech, and Wen, contributed to the financial surge. 
Historically, the largest airdrops came from projects like Uniswap, Apecoin, and dYdX. According to a <a href="https://www.coingecko.com/research/publications/biggest-crypto-airdrops" target="_blank" data-type="link" data-id="https://www.coingecko.com/research/publications/biggest-crypto-airdrops" rel="noreferrer noopener nofollow">CoinGecko report</a>, the total value of all airdrops up to December 2023 was $26.6 billion. Including the 2024 airdrops, this figure rises to an upper bound of $34 billion. 
The Ethereum Layer 2 network <a href="https://www.cryptotimes.io/2024/06/11/zksync-to-airdrop-nearly-3-68-billion-of-zk-tokens-next-week/" target="_blank" data-type="link" data-id="https://www.cryptotimes.io/2024/06/11/zksync-to-airdrop-nearly-3-68-billion-of-zk-tokens-next-week/" rel="noreferrer noopener">ZKsync will launch its airdrop next week</a>. In June, Solana-based decentralized exchange Zeta Markets will distribute its tokens. ZK Nation stated that many are pleased with their airdrop allocations and appreciate the support in addressing concerns and verifying details to prevent errors.&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 A lot of people are extremely happy with their airdrop allocations. We are happy with you! A lot of people are unhappy, unsure, or have ledgit concerns. We owe you answers. We are double-checking to avoid mistakes. But most of the posts you see is noise. Here is an example:— ZK Nation (@TheZKNation) <a href="https://twitter.com/TheZKNation/status/1801020412043624738?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 12, 2024</a>
 </blockquote> 
 </div>
</figure> 
Moreover, EigenLayer restaking protocol on Ethereum has already started its airdrop, though tokens will be transferable later in the year. LayerZero, a cross-chain messaging protocol, is also preparing for its airdrop, though the exact date remains unannounced. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/03/eigenlayer-airdrop-what-is-the-controversy-about-eigen-token/" target="_blank" data-type="link" data-id="https://www.cryptotimes.io/2024/05/03/eigenlayer-airdrop-what-is-the-controversy-about-eigen-token/" rel="noreferrer noopener">EigenLayer Airdrop: What Is The Controversy About EIGEN Token?</a> 
</blockquote> 
These airdrops are crypto projects’ to engage their communities and encourage adoption as they offer financial motivation to users and distribute governance tokens that allow community control. 
Airdrop farming faces challenges from individuals using multiple wallets to benefit from tokens. Projects like LayerZero and ZKsync are actively working to exclude these farmers. LayerZero offers bounties for reports on potential farmers, while ZKsync has removed numerous farmer wallets and imposed caps on large distributions.

Crypto Airdrops Surge with $4 Billion Distributed in 2024

The Crypto Times

Other articles published on Jun 13, 2024

Aethir Launches Decentralized Cloud Compute Network on Ethereum Mainnet

Taiwan Announces Launch of Crypto Association Amid Regulatory Developments

MoonBag's Galactic Victory: Soaring Past Pepe and Floki Inu To Be Titled as Best Presale in 2024

Bitcoin & Ethereum Price Analysis: What Next On The BTC & ETH Charts?

Fed Signals Rate Cut by 2024, Bitcoin Investors Eye Potential Gains

Itaú Unibanco,Brazil’s Largest Bank Expands Crypto Trading to All Users

Join our free newsletter for daily crypto updates!