Crypto Airdrops in 2024
Some possible crypto airdrops to look out for in 2024 include LayerZero, MetaMask, EigenLayer, and zkSync. There are also DEXs like Ambient, lending protocols like marginfi and Atlendis, along with Layer 2s like Taiko, Scroll, and Fuel.
Key Takeaways
Cryptocurrency projects embrace token airdrops as a proven strategy to grow their community and drive financial viability. The airdrop scheme usually matches the project’s goals.
There has been a good number of airdrops every year since 2020. To increase your chances of qualifying for an airdrop, you can look into becoming an early user of projects that are likely to offer airdrops.
A number of popular cryptocurrency projects are rumored to be airdropping a portion of their native tokens to their community in 2024, including LayerZero, Quai, and Shardeum.
This article was updated in January 2024 to reflect new potential airdrops by the CoinGecko team.
Interested in receiving some free crypto in your wallet? As part of their token launch, some cryptocurrency projects send free tokens to their communities to drive adoption, an activity commonly known as “airdrops.” But what are airdrops, and how do you qualify for these free tokens? Read on
What Are Crypto Airdrops?
Cryptocurrency projects are big on incentivization as a way to drive interest towards their brand and the product itself, and airdrops are designed to introduce users to the project and reward them in the process as a dual marketing and reward system. As you'll see in the list below, one of the most common ways to improve your eligibility for new airdrops is to use the testnet or interact with the protocol.
Early airdrop programs were basically structured to introduce a new or existing project to the cryptocurrency community by rewarding new users who perform simple social tasks. On completion, the participants receive a certain number of token rewards.
Over the past five years, airdrops have changed as the goal has shifted towards rewarding early adopters and significant contributors. After Uniswap’s high profile airdrop in 2020, where $6.43 billion worth of UNI was distributed (valued at its ATH token price of $42.88), cryptocurrency projects are adopting airdrop systems that utilize more advanced technologies and deliver better rewards. DeFi projects champion this approach, and since 2020, every year has recorded significant airdrops:
On 25th December 2021, OpenDAO airdropped a major portion of its SOS token to NFT traders on OpenSea.
Some of the most popular airdrops of 2022 were BAYC’s Apecoin airdrop to its NFT art holders, Ethereum Layer 2 network Optimism’s airdrop of its OP token, and Aptos’s airdrop to its early adopters.
In 2023, we've already seen the Arbitrum airdrop, with over 42 million ARB claimed in the first hour. Other high profile airdrops in 2023 include Celestia's TIA and Blur.
With the year 2024 already upon us, let’s take a look at some likely airdrops that might happen over the year, and how you can qualify for these upcoming crypto airdrops.
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