As we approach the end of 2024, the crypto market is buzzing with excitement over potential airdrops. These events reward early users of crypto projects by distributing tokens, often generating significant profits for participants.
What Are Airdrops?
Airdrops are a popular method of distributing tokens. Crypto projects use them to reward users or promote their platforms. Participants typically receive tokens for their engagement, which can later bring substantial financial returns when listed on exchanges. Uniswap’s 2020 airdrop serves as a prime example. The decentralized exchange rewarded over 250,000 users with at least 400 UNI tokens each, worth $3,300 at the time. At its peak in 2021, the value of those tokens exceeded $17,000.
Here are the most anticipated airdrops expected by the end of 2024:
Linea
Linea is part of ConsenSys, a major player in the crypto space known for products like MetaMask and Infura. Linea is a Layer 2 Ethereum scaling solution. With over 100 decentralized applications and $430 million in locked liquidity as of mid-October 2024, this project has significant potential.
Berachain
Focusing on decentralized finance (DeFi), Berachain is developing its own blockchain network. This startup raised $142 million from investors such as Polychain Capital, Hack VC, and Tribe Capital. It aims to reshape the DeFi landscape with its innovative solutions.
Karak
Karak is a multi-chain platform that allows restaking of crypto assets, similar to EigenLayer. The protocol enables various tokens to support decentralized applications, expanding beyond native tokens like ETH. Karak raised $48 million from prominent investors, including Coinbase Ventures and Pantera Capital.
Grass
Grass operates within the decentralized physical infrastructure network (DePIN) sector. Its platform enables users to sell unused internet bandwidth for AI training purposes. The project secured $4.5 million in funding from Polychain Capital and Tribe Capital, and later attracted investment from Hack VC and Delphi Ventures.
Fuel Network
Fuel Network is another Ethereum Layer 2 solution, focused on security and scalability. With unique technology, Fuel aims to outperform competitors like Optimism and Arbitrum. The project raised $81 million from Blockchain Capital and Stratos Technologies.
Initia
Initia is a modular blockchain platform designed to simplify communication between different blockchains. The project raised $25 million, with investors including Binance Labs and Delphi Ventures. Initia’s goal is to enhance interoperability between blockchain networks.
Zora
Zora is a blockchain platform centered around non-fungible tokens (NFTs), streamlining the creation, distribution, and trading of these assets. Since launching in 2021, Zora has facilitated over 4 million NFTs and raised $60 million from Haun Ventures and Coinbase Ventures.
Farcaster
Farcaster is a decentralized protocol for launching social apps similar to X (formerly Twitter) or Reddit. Built on the Optimism blockchain, it has gained popularity within the crypto community. The project attracted $180 million from notable firms like Andreessen Horowitz (a16z) and Paradigm.
As 2024 unfolds, these projects are generating considerable anticipation for their airdrops, making them opportunities worth watching.
