Ethereum scaling solution AltLayer became the first of at least three protocols to complete its launch process with an airdrop event of over 100 million dollars worth of tokens in the coming week. The ALT token claim process started on January 25th at 12:00 PM. At the time of writing, 300 million tokens were allocated for the first airdrop event, with a total airdrop value of approximately 96 million dollars at a price of $0.32 per token.
Has Airdrop Season Begun?
Investors who stake in Celestia will have to wait a bit longer to claim their ALT airdrop tokens, but AltLayer noted that technical differences in the claim mechanism caused delays in the airdrop process for Celestia. AltLayer’s airdrop event is among several projects planning airdrop events for eligible claimants in the coming week.
Multi-layer rollup distributor Dymension is planning to launch its mainnet in the coming days and has allocated 70 million DYM tokens for an airdrop event, targeting Celestia stakers, Pudgy Penguin NFT owners, as well as participants from the Solana and Ethereum ecosystems with a weighted distribution.
The claim process for Dymension ended on January 21, meaning token holders who met the airdrop criteria but did not claim are now excluded. According to pre-market values on the decentralized exchange Aevo, the DYM airdrop event will be worth approximately 210 million dollars in total for eligible users based on current prices.
Noteworthy Developments in the Airdrop Space
With these developments, Solana-based decentralized exchange (DEX) Jupiter confirmed that it will launch the JUP token on January 31st. A total of 1 billion tokens will be distributed in the airdrop event, and with current JUP token prices trading at approximately $0.41 pre-market, the airdrop is valued at around 410 million dollars.
Bitcoin Ordinals users may also have taken a step towards a potential airdrop event with the announcement of a decentralized fairdrop initiative called Runestone, designed to reward the first users of the Ordinals protocol, by Ordinals developer Leonidas.
The ongoing process in the airdrop space is encouraging blockchain users to explore different networks and attracting new users to the sector. Viewing this area as more than just a reward mechanism but as a cultural symbol allows protocols to design airdrop criteria tailored to user preferences and ensures that airdrop events are user-friendly.
