The crypto market has seen a surge in airdrops this year, with projects doling out hefty sums of tokens to users and communities. The top five airdrops of 2024 have collectively distributed over $19 billion worth of free tokens, with some handouts dwarfing those of previous years.
Top Airdrops of 2024
* Hyperliquid: $10.84 Billion Hyperliquid’s airdrop of 31 million HYPE tokens in November was the largest of the year, with a peak value of over $10.8 billion. The tokens were distributed to users of the Hyperliquid Network, a layer-1 network optimized for high-speed DeFi transactions. * Starknet: $3.09 Billion Starknet’s STRK airdrop in June saw 700 million tokens handed out to users, including those on the Ethereum network. The tokens play a key role in Starknet’s governance and have a peak value of over $3.09 billion. * Pudgy Penguins: $3.064 Billion Pudgy Penguins’ airdrop of PENGU tokens in July saw around half of the 88.88 billion supply go to members of the Pudgy Penguins community, other communities, and FTT holders. The tokens have a peak value of over $3.064 billion. * Notcoin: $2.274 Billion Notcoin’s airdrop in May saw 80.2 billion NOT tokens go up for grabs, with exchanges like Binance supporting the token. The tokens have a peak value of over $2.274 billion. * Jupiter: $2 Billion Jupiter’s airdrop of 1 billion JUP tokens in January saw users rewarded with tokens, with a peak value of over $2 billion.
Honorable Mentions
Other notable airdrops of 2024 include those from Movement, ZKsync, Eigenlayer, and Wormhole, each with a peak value of over $1 billion.
The surge in airdrops this year reflects the growing interest in the crypto market and the increasing adoption of blockchain technology. As the market continues to evolve, it will be interesting to see how airdrops play a role in shaping the future of the industry.
Source: Decrypt.co
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