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- 13 out of the 50 greatest crypto airdrops since 2020 occurred in 2023, distributing $4.56 billion price of tokens, valued at their ATH costs.
- Arbitrum dominated 2023, distributing $1.97 billion price of ARB.
- Celestia (TIA) and Blur’s first airdrop secured the second and third positions.
Regardless of a subdued crypto market, 2023 witnessed a surge in crypto airdrops, with 13 entries claiming spots among the many 50 greatest crypto airdrops that occurred since 2020. These 13 airdrops, although fewer than in 2021 and 2022, collectively distributed a major $4.56 billion price of tokens valued at their all-time excessive (ATH) costs.
CoinGecko’s newest report highlighted a notable pattern within the distribution of the most important crypto airdrops. Whereas 2021 witnessed a surge with 18 airdrops making the highest 50, in comparison with simply 5 in 2020, the following years noticed a decline. In 2022 and 2023, solely 14 and 13 airdrops, respectively, cracked the highest 50.
The undisputed champion of 2023 airdrops is Arbitrum (ARB), a layer 2 scaling answer for Ethereum, distributing $1.97 billion price of ARB on March 23, 2023. This strategic transfer translated right into a 147% surge in complete worth locked (TVL) throughout the anticipation interval.
Taking the second spot in 2023, Celestia (TIA) distributed $0.73 billion price of TIA on October 31, 2023. The distinctive side of this airdrop was its focused method, benefiting builders, researchers, lively Ethereum rollup customers, and stakeholders related to Cosmos Hub and Osmosis.
Securing the third place, Blur‘s first airdrop distributed $0.45 billion price of BLUR on February 14, 2023. The success of this preliminary airdrop propelled Blur into the limelight, attracting liquidity and setting the stage for a extremely anticipated second airdrop.
Collectively, Arbitrum, Celestia, and Blur’s first airdrop contributed to an astounding 69.9% of the whole crypto airdrop worth in 2023, amounting to $4.56 billion.
Whereas the general worth in comparison with 2022 declined, it’s essential to think about that many of those newer tokens haven’t but skilled a full bull market cycle. That is in distinction to its predecessors which witnessed the 2021 bull market adopted by the 2022 NFT bull market.
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