Top 10 Biggest Crypto Airdrops 🪂
Crypto airdrops have become a significant phenomenon, with a total value of $26.6 billion in 'free money.'
I delve into the top 10 biggest crypto airdrops, analyzing their distribution, timing, and impact on the crypto landscape.
🦄 Uniswap (UNI): The Giant Airdrop:
Uniswap's $6.43 billion airdrop on September 16, 2020, remains the largest in crypto history.
Distributed $UNI at an all-time high (ATH) token price of $42.88 during the DeFi Summer, reigniting interest in airdrop models.
🦍 Apecoin (APE) and dYdX (DYDX): Follow-ups to Uniswap:
Apecoin's $3.54 billion airdrop on March 17, 2022, and dYdX's $2.00 billion on September 8, 2021, secured the second and third spots.
Apecoin rewarded Yuga Labs ecosystem owners, while dYdX's full value unfolds over a five-year vesting period.
🪂 2023 Airdrops: A Snapshot:
13 crypto airdrops in 2023 totaled $4.56 billion, dominated by Arbitrum, Celestia, and Blur's first airdrop.
🏝️ Arbitrum (ARB): The 2023 Leader:
Arbitrum's $1.97 billion airdrop on March 23, 2023, outshone others, contributing to a 147.2% TVL increase in the Arbitrum ecosystem.
🌐 Celestia (TIA) and Blur's Impact:
Celestia's $0.73 billion airdrop and Blur's first airdrop ($0.45 billion) targeted specific beneficiaries, diversifying the airdrop landscape.
📝 Top 10 Crypto Airdrops Ranking:
1. Uniswap: $6,432,614,493
2. Apecoin: $3,544,345,703
3. dYdX: $2,009,935,493
4. Arbitrum: $1,969,296,101
5. Ethereum Name Service: $1,878,605,813
6. Internet Computer: $1,737,391,583
7. Bonk: $1,325,428,015
8. Celestia: $728,380,235
9. LooksRare: $712,335,336
10. 1inch Network (Airdrop 1): $670,872,722
☄️ 2023 Airdrops Composition:
Arbitrum, Celestia, and Blur's first airdrop comprised 69.9% of the total 2023 crypto airdrop value.
