TL;DR
- AltLayer Airdrop: Users who have used certain protocols on Ethereum can claim free ALT tokens.
- Dymension Airdrop: Celestia stakers, Pudgy Penguin NFT owners, and Solana and Ethereum users can receive DYM tokens.
- Jupiter Airdrop: A new decentralized exchange on Solana will distribute JUP tokens.
The crypto space is witnessing a new wave of generosity as several protocols have announced massive token airdrops for their users in the past few weeks. These airdrops, which are essentially free distributions of tokens to eligible wallets, are meant to reward early adopters, incentivize participation, and increase network effects.
The total value of these airdrops has reached a staggering $700 million, making it one of the most lucrative seasons for crypto enthusiasts. One of the most notable airdrops is from AltLayer, an Ethereum scaling solution that aims to provide fast, cheap, and secure transactions for decentralized applications.
AltLayer has allocated 10% of its total supply of 100 million ALT tokens for airdropping to users who have interacted with certain protocols on Ethereum, such as Uniswap, Compound, Aave, Maker, and more. The snapshot for the airdrop was taken on January 1, 2024, and the distribution will start on February 1, 2024.
Users can claim their ALT tokens by connecting their wallets to the AltLayer app and verifying their eligibility. The amount of ALT tokens each user will receive depends on the number and value of transactions they have made on the supported protocols.
Other Notable Airdrops Happening in the Crypto Space
Dymension, a multilayer roll-up solution, is preparing to launch its mainnet shortly. It will distribute 70 million DYM tokens to various groups, with a preference for Celestia stakers and Pudgy Penguin NFT owners, as well as Solana and Ethereum users. The deadline for claiming the airdrop was Jan. 21, and those who missed it are no longer eligible.
Jupiter, a decentralized exchange built on Solana, has announced its intention to launch the JUP token on January 31. The airdrop will allocate 1 billion JUP tokens to eligible participants. Based on the pre-market price of JUP perpetual at about $0.41, the airdrop is worth nearly $410 million.
However, users should also be careful of potential scams and phishing attempts that may try to exploit the hype and excitement around these airdrops. Users should always verify the source and legitimacy of any airdrop claim and never share their private keys or seed phrases with anyone.
