July 20, 2024
Crypto

CoinGecko details the largest crypto airdrops of all time


CoinGecko’s latest report reveals that the leading 50 crypto airdrops have dispensed tokens valued at $26.6 billion from 2020 to 2023.

According to the Dec. 21 post on X, Uniswap (UNI) holds the record for the largest crypto airdrop, distributing $6.43 billion of UNI on Sept. 16, 2020, at its all-time high (ATH) token price of $42.88. 

This was followed by Apecoin (APE), which distributed $3.54 billion worth of APE on Mar. 17, 2022, at its ATH token price of $23.63. Notably, Apecoin’s airdrop specifically rewarded Yuga Labs ecosystem owners with a generous allocation of up to 10,950 tokens, valued at $258,737. 

Meanwhile, dYdX (DYDX) secured the third position in the crypto airdrop rankings, distributing $2 billion worth of DYDX on Sept. 8, 2021, at its ATH token price of $26.80. It’s worth noting that the complete value of the DYDX airdrop is subject to a prolonged vesting period spanning five years, with portions released incrementally.

Together, the report concludes that the airdrops from Uniswap, Apecoin, and dYdX contribute significantly to the cumulative value, amounting to $11.99 billion and comprising 45.1% of the top 50 biggest crypto airdrops—the remaining airdrops among the top 50 range to $1.97 billion.

Two weeks earlier, the Solana-based liquid staking protocol Jito initiated a highly anticipated airdrop, dispersing 90 million JTO governance tokens among its user base in what is said to be a model after Uniswap. 

This noteworthy airdrop event stands out against a broader trend in the crypto space. A recent report reveals a decline in major crypto airdrops during 2022 and 2023, with only 14 and 13 airdrops securing positions in the top 50 rankings.


Follow Us on Google News





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. View more
Accept
Decline