First Celestia, Then Dymension… What’s the Next Big Airdrop?

Bitpush News
4 min readFeb 8, 2024

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There is always a palpable excitement and optimism within the cryptocurrency community when high-caliber protocols are consistently and generously airdropping their tokens. Over the past few months, billions of dollars have been airdropped by highly-anticipated projects like Celestia and Dymension, making their early adopters tens of thousands of dollars in the process. With airdrop season just getting started, let’s take a look at which projects could be next.

First, it is important to note that all of this is speculation, and guessing the exact timing of an airdrop is near-impossible. All of these projects have hinted at or announced a token, and it is likely that some of it will be allocated towards the community, but it is in no way guaranteed.

The most likely token to have an airdrop within the next few months is interoperability protocol LayerZero. Since Arbitrum’s airdrop from early 2023, LayerZero has been expected to airdrop the ZRO token to anyone using LayerZero’s interoperability solution to bridge tokens between blockchains and rollups. Their OFT token standard allows for tokens to be seamlessly transferred between blockchains securely and easily, and their bridges like Stargate have been used to bridge billions of dollars. With over $120 million raised at a $3B valuation, any airdrop is likely to be lucrative. Additionally, they mentioned in a Tweet from the beginning of this year that a token generation event would happen in H1 2024, meaning that it could be just around the corner. Since there have been many users attempting to bot this airdrop, it will be interesting to see how the tokens are distributed, and this may be the case of a project over-hyping and under-delivering, only time will tell.

StarkNet, a zero knowledge rollup using a new Cairo programming language, will also likely to airdrop to community members within the next few months. Argent, the makers of one of the most popular StarkNet wallets, recently posted a Tweet hinting at an impending STRK token launch. StarkNet’s use of STARK zero knowledge proofs is cutting-edge, and capable of impressive feats like quantum resistance. They’ve also partered with Celestia, meaning that the StarkNet technology will be open for users to deploy their own L2s or L3s, much like Arbitrum Orbit or ZkSync Hyperchains. As with other L2s, the best way to become eligible for this airdrop is by using StarkNet and other Ethereum-based tools, though the snapshot was likely already taken.

ZkSync, a similar zero knowledge rollup, should also have a token generation event in this bull market, likely within the next several months. They’ve previously referenced decentralized governance of the L2 and mentioned that if there were to be a token, 66% of it would be dedicated to the community. Even though ZkSync is not as hyped as Arbitrum was before its airdrop, there is still plenty of time for its ecosystem to mature. Additionally, ZkSync has released its Libertas Omnibus NFT collection, consisting of 100,000 mysterious boxes that will eventually have a countdown start to reveal what’s inside. It’s not guaranteed, but these will likely have some sort of benefit come airdrop time.

Finally, ether.fi has previously stated that their token generation event will be in April. The liquid re-staking platform has exploded in popularity recently, as it allows users to deposit their funds into EigenLayer and still retain access to them to deposit in DeFi platforms. Most famously, ether.fi has an integration into Pendle Finance, meaning users can speculate on buying points from both EigenLayer and Pendle.fi before either project has a token. With over 200,000 ETH staked, and ETH earning points towards tokens, it will be difficult to get a meaningful distribution without a lot of ETH, but it could still be worth depositing some ETH here.

Though these are the three most likely airdrops over the coming months, there are certainly others that may airdrop around the same time. EigenLayer, for example, has only been growing in popularity and TVL, with nearly 2 million ETH locked on the platform. Ether.fi’s competitors, namely KelpDAO and Renzo, are also running points systems for an airdrop. Other points system airdrops include the Blast L2, Blur, Orbiter Finance, and Parcl. Other L2s, like Scroll, will also likely do an airdrop within the next year or so.

Airdrops are incredibly lucrative opportunities that are not too hard to find. They are a great way to promote decentralization and reward early users, but are likely not here to stay as they slowly get diluted and become more meaningless. Regardless, there’s no reason for early adopters in crypto to not get in on a little bit of this “free money.”

By Lincoln Murr

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Bitpush News
Bitpush News

Written by Bitpush News

New York-based blockchain media company covering everything crypto. Check us out at https://en.bitpush.news

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