Arbitrum, a Layer 2 scaling solution for Ethereum, announced an airdrop of ARB governance tokens on March 16th. Due to the hype surrounding airdrops, another Layer 2 solution, zkSync, is seeing significant growth week by week.
ZkSync is another layer 2 scaling solution for Ethereum that supports atomic swaps and transfers of non-fungible tokens (NFTs) and Ether.
ethereum
ticker down
$1,799
His ERC-20 token within the Ethereum network.
According to data from crypto on-chain analytics firm Nansen, more than 39,000 addresses on zkSync over the past seven days have surpassed $871 million. The number of addresses bridging to zkSync increased 5x in the last week.
After the Arbitrum airdrop, zkSync and StarkNet are considered the next airdrops with the greatest potential value. On March 17, about 5,000 people deposited over 536 ETH via his zkSync bridge, and about 3,000 users deposited over 234 ETH via the StarkNet bridge.
While zkSync does not have his token native and has not announced an airdrop, Arbitrum The excitement surrounding his airdrop has led many supporters to believe they will be rewarded in the near future.
The hype surrounding airdrops stems from several bogus and deceptive airdrops attempted by crooks using the Arbitrum brand.
Be aware of a fake @arbitrum Twitter account which is advertising a token Airdrop.
Do not interact with this Airdrop.
Always verify Twitter accounts and URLs from trusted sources.
Stay vigilant! pic.twitter.com/gTlSNRzd6l
— CertiK Alert (@CertiKAlert) March 19, 2023
Crypto airdrops are promotional tools for crypto projects to create hype around their projects.The crypto projects behind these airdrops are often donated to the wallets of active blockchain community members as gifts. Deposit digital tokens directly. Many of these airdrops have specific pre-set eligibility criteria that reward users for spreading awareness of the project.
Airdrops have been popular since the early days of the crypto ecosystem, with the first airdrop taking place in 2014. The project recently relaxed its marketing strategy due to regulatory scrutiny.
Not all cryptocurrency airdrops are equally valuable due to several factors such as the people behind the project and the project’s use case. However, Arbitrum, Optimism, and zkSync are some of the early, proven Layer 2 solutions. This has attracted more traders to Arbitrum airdrops as they may prove more valuable than regular cryptocurrency airdrops.
