Hot news!! Crypto projects have distributed 4 billion USD airdrops this year. Recently, there have been a series of projects announcing airdrops to reward and thank users in recent times. According to estimates, the total airdrop value from the beginning of the year until now has reached 4 billion USD, and is expected to increase further.

The three largest airdrops are Jupiter, Starknet and Notcoin, each project distributing about 1 billion USD. Next are projects based on the Solana and Ethereum ecosystems, such as Wormhole, Ether.fi, FriendTech and Wen.

Airdrop is a "popular" keyword today, referring to a project giving away free tokens to users who have used and supported it early on. This often happens when the project wants to give control to the community, issuing governance tokens so users can participate in voting. Sometimes the airdrop is divided into multiple phases and they usually try to avoid giving tokens to wallets that are intended to “farm” the airdrop.

Also because of the fertility of this land, projects are having a headache with sybil status, which means creating many wallets and then performing basic transaction operations to qualify for airdrops. From a project perspective, they are constantly looking for ways to identify and exclude these wallets from the allocation list.

LayerZero is a typical example that is actively solving the above problem. The project calls on users with self-reported sybil behavior to keep 10% of the airdrop tokens. According to statistics, there are only about 600,000 valid LayerZero wallets out of a total of 6 million wallets. #binance #TopCoinsJune2024