2024 airdrops account for $49.6B of the total, with the top five projects representing nearly half the value.
Cryptocurrency airdrops have distributed over $85B in value, with Hyperliquid alone accounting for 28% of the total. The top five airdrops represent 47% of the cumulative value, highlighting concentration in the sector.
The median value of the top 50 airdrops stands at $859M. Projects launched in 2024 contributed $49.6B, or 58% of the total, marking a significant surge in activity compared to prior years.
The trend reflects growing adoption of token distribution as a strategy for decentralized projects to incentivize user engagement and liquidity.