2023’s Crypto Bounty: These Top 13 Airdrops Distributed Over $4 Billion
26 Dicembre 2023 - 9:30PM
NEWSBTC
023 has emerged as a significant year for crypto airdrops. A recent
analysis revealed that out of the 50 most substantial crypto
airdrops since 2020, 13 occurred in 2023, collectively distributing
roughly $4.56 billion worth of tokens. These figures are calculated
based on the tokens’ values at their respective all-time highs
(ATHs), painting a picture of substantial distribution. The year
2023’s airdrop landscape was less crowded than 2021, which had 18
entries in the top 50, but the impact was notable. A report from
CoinGecko highlights this trend shift, contrasting it with the mere
5 airdrops in 2020 and 14 in 2022. Related Reading: Arbitrum
Network Faces Major Outage, ARB Token Faces 4% Decline Arbitrum
Leads 2023’s Airdrop Charge Arbitrum, an Ethereum layer 2 scaling
solution, topped the 2023 airdrop chart by distributing ARB tokens
valued at $1.96 billion on March 23. This move significantly
impacted its total value locked (TVL), which surged by 147% during
the anticipation period. This airdrop alone constituted a
substantial portion of the total value distributed in the year.
Celestia, with its TIA tokens, followed suit, distributing $728
million on October 31. The airdrop targeted a diverse group,
including developers, Ethereum rollup users, and stakeholders in
the Cosmos Hub and Osmosis. Blur’s first airdrop, which handed out
$446 million worth of BLUR on February 14, ranked third. The
success of this initial airdrop set the stage for a second, which
distributed an additional $327 million, ranking fourth. A Closer
Look At 2023’s Crypto Airdrop Trends While Arbitrum, Celestia, and
Blur’s first airdrop made up 69.9% of the total airdrop value in
2023, the year saw diverse contributions across the sector. Jito,
Worldcoin, Aidoge, and other projects followed, each adding to the
cumulative value and diversity of the airdrops. The total value
distributed in 2023 may have seen a decline compared to 2022, but
it’s essential to consider the market cycles these newer tokens
have experienced. Unlike earlier tokens which saw the 2021 bull
market and the 2022 non-fungible token (NFT) market surge, many of
2023’s airdropped tokens are yet to undergo a full bull market
cycle. Related Reading: Arbitrum Sale On Binance: How This
Investment Firm Lost $465,000 In An ARB Trade In terms of
performance, Arbitrum and Worldcoin have shown significant gains,
with ARB rising by 22% in the past week to trade at $1.33, at the
time of writing and WLD by over 60% in the past two weeks to trade
at $3.86, at the time of writing. Celestia and Blur follow closely
in terms of price appreciation, with both tokens up by 10.7% and
5.7% respectively in the past 7 days. Conversely, Jito, despite
being the newest among them, has seen a dip in its value down by
9.4% in the past two weeks but shows signs of recovery in the past
week, up by 9%, illustrating the dynamic and often unpredictable
nature of token valuations post-airdrop. Featured image from
iStock, Chart from TradingView
Grafico Azioni Osmosis (COIN:OSMOUSD)
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