Where did all the airdrops go? Recently, airdrop farmers have been disappointed with lower-than-expected allocations for popular airdrops such as Scroll and Grass. Despite the general pessimism about airdrop farming, there is reason to be hopeful. ●The market is recovering, and teams that have been postponing TGE may start airdropping tokens. ● Bullish price action means that newly airdropped tokens are unlikely to be sold immediately. ●There are still many excellent protocols that have not issued tokens yet. Our team has compiled a list of 77 potential airdrops that you can start farming today. First, let’s take a look at the overview of airdrop farming at the end of 2024. 1. Airdrop TypeAirdrop farming strategies can be roughly divided into 4 categories: testnet, tasks, staking, and protocol usage. ( 1 ) Testnet The reason why many people like testnet airdrops is simple: it is free. Due to the free nature of testnets and the surge in airdrop farming in recent years, many testnets now have hundreds of thousands or even millions of active addresses. With a few exceptions like Sonic, most testnets don’t commit to airdrops to users, so if you use a testnet you could be spending a lot of time grinding without reaping any financial benefits. In your airdrop farming plan, the testnet falls into one of two categories: ●You are starting from scratch and want to get some crypto start-up capital (even in this case, your time might be better spent working and then using the money from your work to buy crypto directly). ●You are relaxed and just want an easy way to earn some extra crypto while trying out the new network. This is also the only time I would use a testnet. ( 2 ) Mission As the name suggests, these are the social and on-chain tasks that the protocol gives you. The rewards for these tasks are usually Discord badges, commemorative NFTs, or "points." These rewards are usually free (or cost a small amount of money to redeem), but I treat them much better than the testnet. The reason why I prefer task-based airdrops over testnets is simple. First, task-based protocols are more forthcoming about their intentions to reward participants. Second, tasks are usually not only for rewarding users, but also for them to better understand the protocol - tasks will guide participants to use the protocol and consume content about the protocol. If I were new to crypto and wanted to know where to start, tasks would be a good choice. ( 3 ) Pledge That is, staking one token in the hope of obtaining another airdropped token from its ecosystem. Staking airdrops have always been the most common in the Cosmos ecosystem, and stakers of ATOM, OSMO, TIA, and other Cosmos chains have received a large number of airdropped tokens. The most popular airdrop staking tokens this year are those with large ecosystems, such as TIA, DYM, and PYTH. While this approach still has potential, protocols often become more strict about allocating airdrops to stakers because there are so many people who have their stake divided among 5, 10, or even 100+ wallets. ( 4 ) Protocol Usage There is actually a lot of value in these types of airdrops (at least some of them). You can think of protocol usage airdrops as a form of liquidity mining. You do not receive liquidity mining incentives continuously, but rather you receive them later, either all at once or at the end of each “epoch”. But which protocols might be releasing airdrops? How do you know which ones are worth farming? The easiest way to discover potential airdrop protocols is to look at those that don’t have a token yet. DefiLlama’s airdrop dashboard has a great list. But even in this list, there are over 1,500 tokenless protocols. How do you know which ones are worth farming? Generally speaking, I will look for 3 conditions suitable for airdrop farming in the protocol: ● No token. If the protocol already has a token, the chances of a future airdrop are much lower. There are very few exceptions. ● Not many wallets. Remember Jito? Even small traders who deposited only $100 received a 5-digit airdrop. The reason is that although it is one of the largest DeFi applications on Solana, there are only about 10,000 users who actually use it. ● Generates (or has the potential to generate) high fees. The most valuable airdrops are for protocols that generate a lot of fees. If a protocol doesn't generate fees, it's unlikely to have a high market cap, and if it doesn't have a high market cap, the airdrop is unlikely to be worth much. If it doesn't generate fees now, but will grow significantly in the future, it's still worth farming. Some people started farming Jito last summer. As the Solana network grows, Jito grows with it, and these people have already taken a head start in accumulating Jito airdrop points. 2. Where can I find airdrops?There are two good places to look for profitable airdrops: growing chains and killer apps. Solana has released a series of valuable airdrops this year and last year precisely because it has been growing exponentially. Prior to this, Arbitrum's airdrop was lucrative precisely because it is a widely used chain and its airdrop came after a year of sustained growth. Several chains I would currently consider airdrops are Base, Sui, and Stacks. Uniswap apps are notoriously high value and widespread. This is because Uniswap is the leading crypto app of 2020 and one of the most important dApps of all time. The main problem with farming killer apps is that if these apps have already found traction, there is no reason to issue a token. Fortunately, these apps are usually fun for users (pump dot fun and Polymarket come to mind), so if you are active in the crypto space, you have probably come across them in some way. 3. 77 potential airdrops in 2025To help you navigate your airdrop frming journey, I have compiled a list of 77 potential airdrops. This resource contains the following information about each airdrop: ● Protocol Name ● Agreement Twitter link ● Category (testnet/task/protocol usage) ● Airdrop Guide (Links to external guides for each airdrop) ●Airdrop farm mission ●Cost (free/requires funding) ● Chain The purpose of publishing this list is to help you find airdrops that match your goals and beliefs, and then start farming. The specific links are: https://docs.google.com/spreadsheets/d/1QCXdTWuZyEnyy80qWsPGVULJwM6gQifTuiX9EWrc57E/edit?usp=sharing |
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