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 ..
Support the originator by clicking the read the rest link below.
