Millions of dollars in airdrops about to be distributed:
- AltLayer has launched a $100 million airdrop to its community.
- Two other protocols are planning even larger airdrops in the coming days.
- These airdrops target participants in the Ethereum and Solana ecosystems, with significant implications for token holders and users.
Nearly $1 billion worth of tokens to be distributed in January
If we take into account all the airdrops that will be delivered by the end of January, in addition to those that have already taken place, the total value of distributed tokens will likely exceed $700 million.
Recently, AltLayer, a rollup solution, launched its $100 million airdrop, marking the beginning of a series of major airdrops for the protocol.
As a reminder, AltLayer’s airdrop included an initial distribution of 300 million tokens. The average price of these tokens is around $0.32 per token. Therefore, the total value of this airdrop is approximately $96 million.
Jupiter and Dymension tokens about to be listed
In addition to AltLayer, other protocols are preparing to launch interesting airdrops. Dymension, a multilayer rollup solution, plans to launch its mainnet in the coming days and will distribute 70 million DYM tokens.
This distribution will heavily favor Celestia stakers and NFT token holders (Pudgy Penguin), as well as participants in the Solana and Ethereum ecosystems.
The total value of the DYM airdrop is estimated at around $210 million at current prices (pre-market). Note that users have already claimed their tokens, but are currently unable to trade them on the secondary market.
In addition, Jupiter, a swap aggregator developed on Solana, has confirmed the launch of its JUP token on January 31st, with a total airdrop of 1 billion tokens, valued at approximately $410 million based on pre-market prices.
These developments illustrate the growing trend of protocols using airdrops to generate excitement around their project, as well as reward early users.
