16 crypto projects that could airdrop tokens in 2024

Airdrops, a unique concept in the cryptocurrency industry, involve blockchain projects distributing free native tokens to existing or qualifying users. These airdrops serve multiple purposes, including boosting awareness, incentivizing participation, and promoting network effects. With the crypto landscape constantly evolving, upcoming airdrops in 2024 have generated significant buzz, such as projects on Solana, bridges and DeFi protocols, derivatives exchanges, and other promising ventures.

The cryptocurrency industry is filled with unique concepts and opportunities, and airdrops are one of the most intriguing yet potentially confusing aspects.

In this article, we’ll delve into the world of airdrops, exploring their purpose, upcoming projects,

What are Airdrops?

Imagine receiving free shares of a new company – that’s the essence of a crypto airdrop. Blockchain projects distribute their native tokens for free to existing users or those who meet specific criteria. This serves several purposes:

• Boosting Awareness: Airdrops attract attention and spread the word about the project.
• Incentivizing Participation: Free tokens act as a reward for signing up, using the platform, or completing tasks, ultimately building a dedicated user base.
• Promoting Network Effects: With more users holding and using the tokens, the project’s ecosystem thrives, creating a self-sustaining network.

Potential upcoming Airdrops in 2024

While the crypto landscape is constantly evolving, some upcoming airdrops have generated significant buzz. Let’s examine a few:

Solana-based projects:

Parcl (PARC): This project allows users to trade real estate-based assets on the blockchain. Engaging with the platform might increase your chances of receiving airdrop tokens.

Phantom Wallet (FTM): This popular Solana wallet has long been rumored to be planning an airdrop. Stay active and use the wallet for various transactions – it might pay off!

Rainbow Wallet (RAIN): This user-friendly wallet rewards early adopters. Create a new wallet, migrate existing ones, and collect “points” – these could unlock valuable airdrop rewards in the future.

Bridges and DeFi Protocols:

DeBank & DeBank L2 (DBANK): This DeFi platform and its Layer 2 version are making waves. While an airdrop isn’t confirmed, their growing ecosystem and innovative approach make them worth keeping an eye on.

Pike Finance (PIKE): This platform offers various services, including prediction markets and lending. Participating in Pike Finance could qualify you for their own airdrop and potentially even airdrops from other projects in the future.

BungeeExchange (BNGX), JumperExchange (JMPR), & deBridgeFinance (DBR): These bridges connect different blockchains, enabling seamless asset movement. Engaging with them early might pave the way for airdrops from various projects utilizing their cross-chain capabilities.

Derivatives Exchanges:

Hyperliquidx (HYPER): This Perpetuities DEX on the Arbitrum chain is generating buzz about a potential airdrop. Get involved and join the action early, who knows, it might be worth your while.

Aevoxyz (AEVO): Another exciting appchain Perpetuities DEX, Aevoxyz, is also whispering about an airdrop. Consider using their platform and see if you can snag some tokens.

Drift Protocol (DRIFT): Solana’s own Perpetuities DEX, Drift, has been teasing a large upcoming airdrop. So, keep those perpetual contracts rolling and see if you strike gold!

Other Promising Projects:

azuroprotocol (AZURO): This “GambleFi” project on Polygon offers unique features like betting on real-world events. Depositing funds into their ecosystem might unlock future airdrop rewards.

StructFinance (STF): This Avalanche-based protocol specializes in structured yields, offering innovative ways to earn on your crypto. Engaging with StructFinance could bring double benefits – potential airdrops and attractive yields.

Jupiter Exchange (JUP) (Confirmed): This Solana protocol has dropped hints about a massive airdrop. Stay close to their ecosystem and be ready to pounce when the opportunity arises.

MeteoraAG (MNGA) & LineaBuild (LINA): Liquidity and yield protocols on Solana and ETH L2, respectively, these projects are building strong communities. Participating early might put you in a favorable position for potential airdrops.

KelpDAO (KELP) & RenzoProtocol (RENZO): These EigenLayer restaking protocols allow you to earn rewards while contributing to the growth of the EigenLayer ecosystem. Participating in these protocols could entitle you to airdrops of their native tokens.

Top 5 most rewarding airdrops:

1. Uniswap (UNI): In 2020, Uniswap, the leading decentralized exchange, airdropped its UNI token to early users, creating a historic event. With UNI reaching a peak price of over $85, some participants saw their free tokens skyrocket to over $6.43 billion in total value at its all-time high.

2. ApeCoin (APE): In 2022, the airdrop of APE to Bored Ape Yacht Club NFT holders sent shockwaves through the crypto community. This exclusive distribution, valued at an astonishing $3.54 billion at its peak, cemented APE’s place among the most lucrative airdrops ever.

3. dYdX (DYDX): Another 2020 standout, dYdX, rewarded early users of its margin trading platform with DYDX tokens. While the price initially dipped, it later climbed to over $850, resulting in a $2.00 billion windfall for those who held on at its most valuable point.

4. Arbitrum (ARB): In 2023, the Arbitrum Layer 2 network’s airdrop of ARB tokens further solidified the potential of airdrops. With a total value reaching $1.97 billion at its ATH, the generosity of this airdrop attracted significant attention to the Arbitrum ecosystem.

5. Ethereum Name Service (ENS): While the exact value is disputed, the impact of the 2017 ENS airdrop is undeniable. By distributing tokens representing unique domain names on the Ethereum blockchain,