TechFlow reported on January 4, according to Dropstab on-chain analysis, that the total value of cryptocurrency project airdrops in 2024 reached $14.91 billion. Hyperliquid topped the list with an airdrop worth $1.34 billion, covering over 90,000 users; Starknet distributed 700 million tokens worth $1.33 billion to 1.3 million addresses; Pengu, Wormhole, and Jupiter issued airdrops valued at $1.15 billion, $896 million, and $891 million respectively.
By project type, Layer 2 projects accounted for the largest share at 28.3% ($4.22 billion), followed by DeFi and Layer 1 with 22.2% ($3.31 billion) and 17.6% ($2.63 billion) respectively. Gaming and meme coins, liquid staking, and AI-related projects accounted for $2.28 billion, $1.27 billion, and $373 million respectively.
