It was a big year for crypto Free money. On blockchain networks, many projects and protocols have tried to deal with the persistent bear market. transmission Wallets Native tokens for loyal users on free wallets Air drops.
In total, this year's 50 largest airdrops distributed $4.56 billion worth of free tokens to crypto and decentralized finance (DeFi) users. CoinGecko.
Check out the hourly 2023 airdrops at the top of the list based on each token's highest price this year.
Decision: 1.969 billion dollars
Taking gold this year was Ethereum's benchmark Arbitrum. A huge launch His home country token, ARB.
In March, Arbitrum rolled out ARB for the first time with airdrops Projects and DAOs Hundreds of millions of dollars worth of free tokens built on the Layer-2 network. Projects benefiting from early airdrops include Treasure DAO, SushiSwap, Dopex, Radiant, Balancer and Uniswap.
Those airdrops contributed nearly $2 billion worth of ARB tokens to Arbitrum projects and community members. And the gambit appeared to pay off: Total value locked on the network (TVL) has doubled since the weather began, to $2.5 billion as of writing. DeFi call.
What further boosted that value was ARB's recent price gains. After starting at $1.35 in March, ARB recently dropped below a dollar before rebounding. Ethereum layer-2 tokens. ARB currently stands at $1.48 CoinGecko.
Blur: 818 million dollars
Several airdrops have created excitement in the crypto sector this year. It's just one that changed the NFT industry overnight.
Blurry, dominant Ethereum NFT marketplaceshook up the NFT ecosystem late last year by offering benefits to users based on transaction volume and eliminating originator fees — a one-time mandatory tax on a slice of all secondary sales for NFT creators.
When Blur launched its much-anticipated platform for traders in February, some users—mostly those who trade the same NFTs over and over again, to boost their stats—claimed it. Worth more than 1 million dollars Tokens in each. A Second air drop As for talented users in November The price is 8.4 million dollars The BLUR
By 2023, the project has contributed $818 million worth of tokens to users. And much of the climate award-winning action seems to be due to what some say. Washing businessor simply transactions made to increase their rewards, the seismic impact of Blur's airdrops cannot be overstated.
In February, the blur rode faster than the air drops Passing OpenSea-The reigning, once-untouchable leader for NFT transactions, which has since been challenged. Reduce cruelty. Now, originator fees—once the cradle of the NFT ecosystem—are. Endangered Species.
Celestia: $728 million
even if The missing start Thanks to Celestia's airdrop in late October—during which the modular blockchain's native token TIA was unclaimed by most recipients and the network remained inactive—TIA has since experienced an impressive rally in value.
The token was launched on October 31 at a price of $2.18 CoinGecko. In the weeks that followed, TIA's price doubled to $4.00, then rose above $6.00, $8.00, and $10.00 – all the way to the current impressive price of $12.83. On Christmas Eve, it was over $15.
Those combined gains shot TIA's market cap up to $1.88 billion in less than two months, and while Celestia's airdrop receivers were one of the year's best earners, the actual use of Celestia's network remains to be seen. Sufficient anemia.
Gito: 312 million dollars
The biggest Solana airdrop of the year came earlier this month, courtesy of DeFi platform Jito. The project weeks ago He announced the plan The launch of JTO, a native management token, has sparked a much-anticipated frenzy Speed–to find Solana ecosystem.
When the airdrop finally began on December 7, users rushed to grab 90 million JTO tokens—grab The price is 225 million dollars On the first day. That combined value has jumped to $312 million at the highest price to date. Solana DeFi Since the token's launch at $2.49, the price has remained consistent—sitting at $2.46 as of writing.
Edited by Andrew Hayward.
