Amid airdrops being favored by both projects/protocols as well as users as a way to reward/earn free coins, crypto market participants are betting large sums of money to see the protocol scale. Which city will be the next name to deploy this strategy?
Market “Airdrops by June 30?” on Polymarket has raised more than $416,000 in bets to date.
Source: Polymarket
The prediction market has a total of 23 different networks, platforms and layer 2s, among which, Solana NFT Tensor marketplace, Parcl real estate trading platform, Drift derivatives platform and Swell restaking platform – confirmed will airdrop, providing net profits of up to 80% to speculators staking since February.
All attention is currently focused on popular platforms such as layer 2 Blast and Base, staking protocol Eigenlayer, multi-chain network LayerZero and social finance application Friend.Tech.
Nearly $100,000 has been bet on whether LayerZero will issue tokens by the end of April. “Yes” shares are trading at 2 cents, meaning the market thinks there is only a 2% chance that will happen. Each share will pay 1 USD if the prediction is correct.
LayerZero, the platform connecting 50 blockchains, confirmed airdrop plans for the first half of 2024, but has given hardly any details since then.
Blast and Friend.Tech have amassed more than $30,000 in bets – likely due to expectations of their points programs – a program that distributes numerical value to users based on activity, with rewards promise to open the pool that points can eventually be converted into tokens.
Eigenlayer is of most interest to everyone. More than $56,000 is being bet on whether the platform will release the token before June 30, with a probability of 66%. A separate market ending on April 30 attracted even more money – $63,000 – but only had a 17% chance of an airdrop.
More than $55,000 is betting on whether Eigenlayer will release the token before June 30, with a 75% probability. Source: Polymarket
Layer 2 are secondary networks or infrastructure built on top of the main blockchain platform, such as Ethereum, to support scalability and speed. Restaking is one of the hottest crypto sectors born during the bear market.
The total value locked on EigenLayer has grown to over 13 billion USD in just 9 months, mainly thanks to slightly higher deposit interest rates compared to regular ETH staking (over 5%, compared to 3.3% on Lido ) plus the allure of a future token sale.
EigenLayer TVL. Source: Defillama
It's easy to see why airdrops are a popular topic in the prediction market. Simply put, they represent free money. And if investors clearly know which protocols are capable of airdropping participants within a certain timeframe and which are not, it can help them make decisions about where to put their money.
https://tapchibitcoin.io/nhung-du-an-tien-dien-tu-nao-se-airdrop-tiep-theo.html