Crypto has been flooded with free money this year as projects have offered large amounts of tokens to brave users and loyal communities. Air drops.
As animal spirits return to the crypto market alongside bitcoin's record-setting climb, some of the handshakes have weakened. Turn heads In the year By collecting this year's top five airdrops, users and communities have come away with more than $19 billion worth of free internet moolah by 2023.
These are the airdrops that hinted at a high in 2024, based on their respective token highs. They are decentralized finance ().DeFi) teenagers are established NFT Brands, with everything that falls in between.
Hyper Liquidity: $10.84 billion
Moving to the top spot by a country mile, HYPE's distribution of HYPE, the Hyper Foundation, handily awarded users of the Hypeliquid Network in November.
Users of the Layer-1 network, which is optimized for high-speed DeFi transactions, initially received 31 million HYPE worth $1.6 billion. That put the air drop between them The most valuable in history. Moreover, the value of those tokens rose to more than $10.8 billion in just a few weeks.
When it comes to the network, the HyperLiquid Decentralized Exchange (DEX) is billed as its main application. Sustainable futures Trading and leverage up to 50x. Since its launch, DEX has seen more than 312,000 users, according to the HyperFoundation. website.
Starknet: $3.09 billion
Starknet first launched its mainnet in 2021. But Ethereum's layer-2 scale network waited three years for its much-anticipated STRK airdrop.
First with 700 million STRK tokens givenIncluding those to Ethereum AttackersInitiatives reward crypto users with tokens beyond the boundaries of the processing solution. And those STRK tokens play a key role in STRKnet governance.
In June, the network's developer, Stark Ware, indicated that it would try to use its measurement technology to bring it up. Zero knowledge packageto Bitcoin.
Last month, Starknet launched its “Phase 1” milestone initiative; He is saying. It was the first Layer-2 to allow users to earn rewards by participating in the process of verifying transactions.
Pudgy Penguin: $3.064 billion
with Market value Pudgy Penguin's $500 million-plus major NFT portfolio has solidified its presence on Ethereum. With the project's toys hitting the shelves of Walmart and Target, its commercial efforts have stood out in the relatively cool NFT market.
At the beginning of this month, the Pudgy Penguin was stitched up Solana with a starter Commitmentsis billed as a way for Pudgy Penguin fans to better connect with the brand. A graphic released alongside the token's announcement indicates that nearly half of Penguin's 88.88 billion supply is owned by members of the Pudgy Penguin community, other communities and FTT owners.
FTT used to be the native token of the broken crypto exchange FTX. But when it comes to other projects that Pudgy Penguin brings to the fold, the initiative has allowed NFT owners to lay claim to Ape Yacht Club and Doodles, among many others. Other popular projects.
Notcoin: $2.274 billion
coin slot game, NotcoinPoured gasoline on it Open network (Tons) This year, a group of players who force you to tap into a Telegram-based mini-app.
Despite some delays, the widely-anticipated airdrop has finally become the biggest gaming token of 2024 in terms of price. When Notcoin Released The token was not up for grabs in May, around 80.2 billion, with exchanges like Binance supporting the token out of the gate.
Since then, players have received a flood Tap to find gamesHamster Kombat is spreading and drawing on the summer 300 million players Before the airdrop itself. Tap games like “Viral Mechanics” To introduce users to new products, other members of the crypto gaming community to believe They need a more developed experience to keep players engaged.
Jupiter: 2 billion dollars
Rounding out the top five air drops of 2024 is Solana-based DEX collector Jupiter He was awarded Users with 1 billion JUP tokens during the initial allocation wave earlier this year.
Jupiter has decided to release 3 billion more JUP tokens with the second round approved Earlier this month and still on the horizon – but the size of the initial spread was enough to make it onto this list. Although the date is yet to be announced, the proposal is being referred to as “Jupuri”.
In Istanbul, the Jupiter Society will hold its first conference next month Istanbul. “The Cat” is a shout out to the founder of the name. Meo.
As one of the largest DeFi projects on Solana, the DX collector has facilitated more than $2 trillion in total trade volume, according to Dunn. Dashboard Created by Jupiter.
Honorable verses
Beyond the five biggest airdrops of 2024, many other projects and protocols have produced free tokens. And there were at least four high-priced crafts worth more than $1 billion, including the ones that were given away. Movement, ZKsync, EiginlayerAnd Wormhole.
Movement Network Foundation kick off MOVE, a utility token for the Ethereum layer-2 scaling solution Movement. With 1 billion MOVE awarded to communities and early network participants, the climate value reached $1.5 billion.
A community wallet for ZKsync, another Ethereum layer-2 scaling solution; Received 3.7 billion ZK tokens worth $1.2 billion at their peak value in June.
Eigen Foundation It is spread Nearly 200 million EIGEN for Ethereum share platform users in two airdrops this year. Combined, the airdrops were worth $1.1 billion.
Cross Chain Protocol Wormhole kick off W management token in April. And the 617 million W Stosh allocated to the first community and ecosystem was valued at $1 billion.
Edited by Stacy Elliott.
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