Despite the controversy, Starknet’s airdrops have been largely successful.

Strong demand for Ethereum's much-anticipated Layer-2 solution, Starknet's AirDrop, has pushed the protocol past $20 billion, despite the protocol's fully stagnant market cap controversies.

In the year On February 20, Starknet developers allocated nearly 10 billion 700 million STRK tokens to reward Ethereum solo and liquid stakes, Starknet developers and users, as well as projects and developers from outside the Web3 ecosystem. In the first 90 minutes, 45 million STRK tokens were claimed, making it over 220 million.

Users have until June 20, 2024 to claim the remaining balance. Despite investor enthusiasm, the price of STRK tokens has since fallen to $2, compared to a high of $7 at the opening on crypto exchange Binance, although the protocol still holds high valuations. Currently, the total cost of the protocol is locked at $57 million.

Claimed over 220 million STRK!

Source: @_token_flow pic.twitter.com/IoDOZQFJ8W

— Starknet (@Starknet) February 20, 2024

Earlier in the day, Air Finance developer Banteg filed a lawsuit alleging that StarNet developers included hackers (or poachers) in their eligibility list despite prior warnings. “As a result of this commitment, only the attackers' data was used, but not the names that were changed,” Bantegue wrote. “Received confirmation from starknet devs that the changed devs will stay. We may hear more in a few days.”

We regret to inform you, but in fact we are unable to freewave.

It can be seen from this commit, only the scooters data was used but not the names.

Pour one on the fallen devs and the next airdrop will await them in Valhalla. pic.twitter.com/ne7ZUUxS3m

— banteg (@bantg) February 20, 2024

Of the 1.3 million wallet addresses previously eligible for STRK weather, the YRN financial developer said, an estimated 701,544 addresses were suspected of duplicating or renaming GitHub accounts controlled by hackers.

Airdrop hunters want to make money by farming airdrops, thinking they will be useful. Professional airdrop hunters use scripts to consolidate many different addresses into just a handful. Last March, it was revealed that airdrop hunters at the time Arbitrum (ARB) airdropped $3.3 million worth of tokens from 1,496 wallets into two wallets they controlled.

Related: The crypto airdrop hunt and what it means for blockchain devs