Hi everyone and this is Lucky Ali most welcome to my blog. Airdrops in the cryptocurrency field are transforming blockchain participation of cryptocurrency users with approximately $15 billion expected in 2024 and $15 billion is a huge number. Good to see that people are getting the opportunity to earn free money from the crypto field. Crypto is not just investing but airdrop can help you to earn handsome income too.
Airdrop is a highly valuable marketing tool
You should know that Airdrops in the crypto field have become a highly valuable marketing & promotion tool for new cryptocurrency projects. Talking about the on-chain analysis which was conducted by Dropstab firm, a cryptocurrency aggregator, approximately $14 to $15 billion worth of crypto was distributed by various blockchain projects to cryptocurrency users in the previous year through a series of airdrop campaigns and that was a reward just for doing basic things for new projects of crypto.
Hyperliquid’s $1.34 billion amount airdrop was Topping the list of crypto airdrop distributions and the interesting thing is it went to over 90,000 users of the platform. Talking about the second most important project which is Close behind hyperliquid was StarkNet which was an airdrop of 700 million tokens and was worth $1.33 billion not only this it reached 1.3 million addresses.
Pangu company’s $1.15 billion worth airdrop, Jupiter’s $891 million airdrop, and Wormhole’s $896 million airdrop made it to the top 5 most lucrative and highest-paid airdrops in the 2024 year. Of the USD 14+B worth that was distributed via Cryptocurrency airdrops, $4.22 billion was in Layer 2 projects which are 28.3% of the total, $3.31 billion (22.2%) was in decentralized finance projects, and $2.63 billion which is 17.6% of total were in Layer 1 projects.
Projects have used airdrops to improve community growth and user participation
Memecoins and gaming, artificial intelligence (AI), and liquid staking projects distributed tokens worth USD 2.28 billion, $1.27 billion, and $373 million, respectively. cryptocurrency projects have used airdrops to improve community growth and user participation and many more benefits. By meeting pre-determined eligibility requirements, users can receive multiple benefits, with some even earning significant income from these airdrops. These requirements are very common and usually involve promoting that particular project on social media or with local people or being involved with its key features. So this is a very easy process.
X User received USD $100k worth of HYPE tokens
For instance, a significant number of cryptocurrency enthusiasts on the X platform shared their joy for the significant airdrop allocation of HYPE token, the native token for Hyperliquid crypto firm. Twitter user, @0xFinish, claimed that he received USD $100k worth of HYPE tokens and called it “the best trade of my life.” this user is very happy with this airdrop.
The crypto field needs genuine and quality airdrops for better growth in this field and trust as well. Now it is time to end this article please share and comment below. Have a good day ahead.
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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