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Latest cryptocurrency news > Cryptocurrency > Anticipating the Airdrop Wave: Analysis of Upcoming Layer-2 Projects in 2024
Cryptocurrency

Anticipating the Airdrop Wave: Analysis of Upcoming Layer-2 Projects in 2024

BH NEWS
Last updated: 25 December 2023 09:55
BH NEWS 2 years ago
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The year 2023 has not been particularly fruitful for blockchain users due to a series of bankruptcies and regulatory sanctions on the crypto market. However, the upcoming year holds promise for airdrop events, which have historically offered unique opportunities for Web3 users. Let’s delve into three major Layer-2 projects expected to launch airdrop events in 2024.

Base Network, supported by the US-based cryptocurrency exchange Coinbase, stands out with a Total Value Locked (TVL) of $453.85 million, ranking ninth according to DeFiLlama. Its user base and popularity surpass many other Layer-2 projects. In the last 24 hours, Base Network saw a volume of $51.53 million with 66,015 active addresses. While its low commission fees might seem disadvantageous for a tokenization process, the backing of a giant like Coinbase could accelerate a potential token launch, possibly replicating the success of airdrops like those of Optimism and Arbitrum.

The zkSync Era network, leveraging zero-knowledge technology, continues to attract users, ranking 20th in TVL with $159.16 million. A recent update significantly reduced transaction fees, which was well-received by the community. The team might set criteria for an airdrop event based on transactions made on zkSync Lite, similar to the successful Arbitrum airdrop that benefited Arbitrum One users.

Scroll, another Layer-2 network utilizing zero-knowledge technology for Ethereum Virtual Machine (EVM) compatibility, holds a TVL of $21.43 million, ranking 59th across all blockchain networks. Despite its relatively low TVL, the project’s well-received mechanism and developmental process make it a strong candidate for an airdrop event. A potential airdrop announcement could attract more users and developers to Scroll, but the team needs to take significant steps to maintain the network’s growing popularity.

In summary, the Layer-2 landscape is gearing up for a series of airdrop events in 2024, with Base Network, zkSync Era, and Scroll being key players to watch. These projects are poised to offer exciting opportunities for users and investors in the blockchain space, with the potential to drive further adoption and innovation in the industry.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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