Ethereum scaling solution AltLayer is initiating a token airdrop event, distributing over $100 million worth of tokens. The ALT token claim process started on January 25th, with the first airdrop event allocating 300 million tokens, valued at approximately $96 million at the time of writing.
Celestia stakers must wait to claim their tokens due to technical differences in the AltLayer claim mechanism, which delayed the airdrop process. AltLayer’s event is one of several projects planning airdrops for eligible claimants over the coming week.
Dymension, a multi-layer rollup distributor, is launching its mainnet soon and has allocated 70 million DYM tokens for airdrop to Celestia stakers, Pudgy Penguin NFT holders, and participants from the Solana and Ethereum ecosystems. The claim process for Dymension closed on January 21st, and the airdrop is worth approximately $210 million based on pre-market values on the Aevo decentralized exchange.
Solana-based decentralized exchange (DEX) Jupiter confirmed the launch of JUP tokens on January 31st, with 1 billion tokens to be distributed. Pre-market trading values of JUP tokens at around $0.41 suggest an airdrop value of approximately $410 million.
Bitcoin Ordinals users may be anticipating an airdrop from Ordinals developer Leonidas, who announced Runestone, a decentralized fairdrop initiative to reward early users of the Ordinals protocol. This surge in airdrop activities encourages users to explore different blockchain networks and attracts new participants, turning the airdrop culture into a user-friendly reward mechanism and cultural symbol within the blockchain space.