It’s been a big year for the cryptocurrency industry. empty money. Across blockchain networks, many projects and protocols have attempted to overcome the ongoing bear market. share We provide free base tokens to our loyal users through: airdrop.
According to an analysis by , the top 50 airdrops this year distributed approximately $4.56 billion worth of free tokens to cryptocurrency and decentralized finance (DeFi) users. CoinGecko.
Take a look at the 2023 airdrops at the top of the list based on the highest value of each token during the year.
Decision: $1.969 billion
The one that got its hands on gold this year was Ethereum scaler Arbitrum. big launch ARB, the native governance token.
In March, Arbitrum initially launched ARB as an injected airdrop. Projects and DAOs Built on a layer 2 network with hundreds of millions of dollars worth of free tokens. Projects that benefited from the first airdrop included Treasure DAO, SushiSwap, Dopex, Radiant, Balancer, and Uniswap.
These airdrops delivered nearly $2 billion worth of ARB tokens to the Arbitrum project and community members. This is a huge amount. And the gamble seemed to have paid off. The total value locked in the network (TVL) is said to have nearly doubled since the airdrop began, reaching $2.5 billion at the time of writing. DeFi Currency.
What has further boosted its value has been ARB’s recent price rise. After debuting at $1.35 in March, ARB fell below $1 and has been on the rise recently. Ethereum Layer-2 Token. ARB is currently at $1.48 per dollar. CoinGecko.
Blur: $818 million
A number of airdrops this year have created excitement across the cryptocurrency sector. There was only one person who reshaped the NFT industry overnight.
Blur, the emerging Ethereum NFT MarketplaceIt shook up the NFT ecosystem late last year by promising gamified benefits to users based on transaction volume and eliminating creator fees, a once-mandatory tax that guaranteed NFT creators a share of all secondary sales.
When Blur launched its first highly anticipated airdrop to traders in February, some users (mainly those who boosted their stats by trading the same NFTs over and over again) claimed: Worth over $1 million each token. all Second airdrop In November, users who received gifts Worth 8.4 million dollars Blur’s.
In total, the project has given away $818 million worth of tokens to users in 2023. And it appears that most of the activity rewarded with these airdrops was due to what some people say is the activity. wash tradingOr simply a transaction made to increase rewards, the massive impact of Blur’s airdrop cannot be underestimated.
By February, Blur was gaining momentum next from airdrops. Overtake OpenSea—The once untouchable dominant leader in NFT trading has since faced a difficult situation. cruel reduction. Now, creator fees, which were once the foundation of the NFT ecosystem, endangered species bell.
Celestia: $728 million
rather sluggish start For Celestia’s airdrop in late October, when TIA, the modular blockchain’s native token, went unclaimed by most potential recipients and network activity was delayed, TIA has enjoyed a remarkable rise in value since then.
The token was launched on October 31st at a price of $2.18. CoinGecko. Over the next few weeks, TIA’s price doubled to $4.00, then jumped $6.00, $8.00, and $10.00 to its current incredible price of $12.83. It even surpassed $15 on Christmas Eve.
These compounding gains pushed TIA’s market cap up to $1.88 billion in less than two months, giving Celestia airdrop recipients one of the best returns of the year, even though the number of active users on the Celestia network remains to be seen. . quite anemic.
Zito: $312 million
The biggest Solana airdrop of the year took place earlier this month with the help of DeFi platform Jito. A few weeks ago, the project announced the plan The launch of our native governance token, JTO, has sparked excitement in the industry. momentum–Acquisition Solana Ecosystem.
When the airdrop finally began on December 7, users rushed to claim 90 million JTO tokens. Worth $225 million On the first day. Its total value has jumped to $312 million at its highest price to date. Solana DeFi The token launched at $2.49 and since then its price has remained fairly consistent. The current price is $2.46.
Editor: Andrew Hayward
