According to a report by News.bitcoin on January 4, based on on-chain analysis from crypto aggregator Dropstab, projects distributed $14.91 billion to crypto users through a series of airdrop activities in 2024. Leading the airdrop distribution list is Hyperliquid, with over 90,000 users receiving $1.34 billion in airdrops. Following closely is Starknet, where 1.3 million addresses received 700 million tokens worth $1.33 billion in airdrops. The $1.15 billion airdrop from Pengu, the $896 million airdrop from Wormhole, and the $891 million airdrop from Jupiter became the top five highest-grossing airdrop projects of 2024.

Of the $14.91 billion distributed through airdrops, $4.22 billion (28.3%) was allocated to the L2 sector, $3.31 billion (22.2%) to the DeFi sector, and $2.63 billion (17.6%) to the L1 sector. Tokens worth $2.28 billion, $1.27 billion, and $373 million were issued for gaming and memes, liquid staking, and artificial intelligence (AI) projects, respectively.