Overview of Hot Projects for the 2024 Airdrop Season

The 2024 airdrop season has begun. In addition to highly anticipated potential major projects such as Cosmos, EigenLayer, Renzo, and Berachain, there are also several noteworthy airdrop projects covering various fields including Layer2, DeFi, Sui, Bitcoin, wallets, RWA, and the Cosmos gaming chain.

OP Mainnet

Community users have indicated that there may be 20 million OP tokens available for Airdrop before April 2023. So far, three Airdrops have been completed, totaling 19,411,313 OP tokens. The fourth OP Airdrop may still require delegating OP to active delegators. Additionally, since the last Airdrop focused on OP staking, the fourth Airdrop may adopt different criteria, such as interacting with the OP Mainnet, Base, and Zora, among other OP superchains.

Scallop

Scallop is a lending protocol on Sui and is also a recent prominent airdrop project on Sui. Scallop's TVL is currently $61.4 million, ranking first in the Sui ecosystem. It is the first DeFi project to receive funding from the Sui Foundation and has attracted investment from multiple institutions.

The total supply of Scallop token SCA is 250 million pieces, 45% is used for liquidity mining, 18.5% is allocated to project contributors, 4% is used for development and operations, 2% is allocated to advisors, 11% is allocated to strategic partners, 7.5% is allocated to the ecosystem/community/market, 5% is used for liquidity, and 7% is allocated to the treasury.

Scallop launched a two-phase Airdrop in January. Users can earn points based on their activity and use these points to generate different levels of mysterious pearls, which can be claimed after the token goes live. The second phase Airdrop is of higher value, and most of the rewards will be distributed to users of the second phase.

NAVI Protocol

NAVI Protocol is also a lending protocol on Sui, with a current TVL of $54.55 million, ranking second. NAVI has not announced the details of the Airdrop yet, but a leaderboard has been launched, and points are awarded weekly based on user-provided liquidity, borrowing volume, and activity level. According to the roadmap, the NAVI token will be released in the first and second quarters of 2024.

StakeStone

StakeStone is a one-stop full-chain LST staking protocol, comparable to Lido, which can bring native staking rewards and liquidity to Layer 2. StakeStone supports ETH beacon chain re-staking and LST re-staking, aiming to become the leading protocol in the re-staking track.

StakeStone's TVL surged from $4.17 million in December 2023 to the current $710 million. StakeStone is deeply involved in Manta's incentive activities, providing $720 million in liquidity within Manta's $900 million TVL.

The native LST of StakeStone is STONE, which has been upgraded to the full-chain LRT. STONE is an OFT based on LayerZero and can be used for multi-chain liquidity markets through STONE-Fi. StakeStone has not issued tokens yet and is expected to launch Airdrop-related activities.

Kelp DAO

Kelp DAO is a multi-chain liquid staking platform, founded by the creator of Stader Labs. Kelp DAO's TVL is currently $167 million. Kelp DAO is building LRT solutions on EigenLayer, and its re-staking token is rsETH, currently supporting ETHx, sfrxETH, and stETH.

Kelp DAO has launched the Kelp Miles incentive to track user contributions and determine future reward distribution. Users who previously staked LST can receive additional Kelp Miles rewards. In addition, users who re-staked on Kelp before the EigenLayer deposit cap closes are eligible for EigenLayer Points.

Kinza Finance

Kinza Finance is a decentralized lending protocol on the BNB Chain, utilizing the ve(3,3) model to handle protocol incentives and governance. Kinza's TVL has increased from $1.89 million in November 2023 to $64.26 million now.

The total supply of KZA is 100 million tokens, 5% is allocated for Airdrop. Kinza has launched an Airdrop points system that calculates eligibility based on the liquidity time and amount provided by users. Kinza offers an additional 10% reward for early users, and new users can participate in a referral program to receive extra rewards.

KiloEx

KiloEx is a perpetual DEX project on BNB Chain, opBNB, and Manta, with a current TVL of $14.51 million. The total supply of KILO is 1 billion, and 10% will be airdropped to early adopters. KiloEx has launched the Points Airdrop Program V1.0, where users can earn points through trading, financial management, and other methods. Holders of KiloEx Genesis NFTs will receive an airdrop of xKILO tokens.

ZeroLend

ZeroLend is the largest native stablecoin lending protocol on zkSync and the third largest on Manta Network, with a total TVL of 22.23 million USD. The total supply of ZERO is 100 billion tokens, with 3% allocated for Airdrop. ZeroLend has launched the Airdrop points platform Zero Gravity, where users can earn points by participating in on-chain interactions or inviting new users.

Halo Wallet

Halo Wallet is the DeSoc wallet and has been integrated with the Lens Protocol. Halo Wallet has launched an XP Points system, allowing users to purchase a Genesis Pass to participate in wallet activities and earn points. The points will be linked to future Airdrops, with the airdrop plan expected to be announced in the first half of the year.

Bool Network

BOOL Network is a decentralized signing protocol, and the team has been researching Bitcoin Layer 2 solutions. BOOL Network may be from the same team as SatoshiVM, which recently held an IDO. The total supply of BOOL is 1 billion tokens, with 3% allocated for Airdrop.

Tabi

Tabi is an NFT market on the BNB Chain and will launch the game blockchain Tabi Chain on Cosmos. Tabi has completed a $10 million angel round of financing. The official Tabi website has launched the 4th phase of the Voyagers Event, where completing tasks can earn you Airdrop qualifications.

Ondo Finance

Ondo Finance is a RWA tokenization investment protocol that has launched multiple tokenized fund products. The total supply of ONDO is 10 billion tokens, with a market cap of approximately $390 million. Ondo has initiated a points program that supports various ways to earn points, which may be linked to future Airdrops.