The DeFi landscape is buzzing with excitement as AltLayer, an Ethereum scaling solution, has initiated a series of substantial token airdrops, leading a new trend in the crypto world. AltLayer has launched a massive $100 million token airdrop to its early users, marking the start of what appears to be an airdrop season in the decentralized finance sector.
As of January 25, 2024, AltLayer’s ALT token and the claiming process went live, distributing 300 million tokens. With the token's average daily price hovering around $0.32, the total value of this initial airdrop approximates $96 million at current prices. However, Celestia stakers have to wait a bit longer due to technical delays in the claiming process for AltLayer's airdrop.
This development is just the tip of the iceberg. Dymension, a multi-layer rollup deployer, is gearing up to launch its mainnet and is set to airdrop 70 million DYM tokens. The distribution is heavily weighted towards Celestia stakers and Pudgy Penguin NFT holders, but also extends to participants in the Solana and Ethereum ecosystems. The DYM airdrop, now closed for claims, is valued at an estimated $210 million.
Additionally, the Solana-based decentralized exchange Jupiter is preparing to launch its JUP token on January 31. This airdrop, involving 1 billion tokens, is poised to add another $410 million to the airdrop season's tally, with JUP perpetuals currently trading at around $0.41.
In an interesting twist, Bitcoin Ordinals users might be in for a surprise with a potential airdrop. A pseudonymous Ordinals developer, Leonidas, has announced the launch of "Runestone," a decentralized "fairdrop" initiative aimed at rewarding early users of the Ordinals Protocol.
Amidst this flurry of activity, crypto enthusiasts are advised to exercise caution. The platform is currently flooded with scam accounts masquerading as official crypto firm pages, announcing fake airdrop claims and potentially leading to wallet drainers.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.