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Analysts Eye 6 Projects for Hyperliquid-Style Airdrop Strategies Beincrypto 04 Dec 2024

Analysts Eye 6 Projects for Hyperliquid-Style Airdrop Strategies 🌟

Airdrop farmers are closely examining projects like Hyperliquid, which successfully launched by allocating 31% of its HYPE tokens to the community, resulting in significant growth and a $1.5 billion market cap. Hyperliquid's success has investors speculating on potential contenders that may follow its upward trajectory.

Grass grabbed attention with its airdrop strategy on Solana, distributing tokens for active network participation. With over 2 million active users, its decentralized infrastructure focus makes it a prominent player. Upcoming token allocations highlight continued community-centric growth.

LayerZero, an omnichain protocol, encourages blockchain interconnectivity. The recent allocation of ZRO tokens to users aims to incentivize activities across its ecosystem, while offering community roles and social media engagement to heighten airdrop eligibility.

Wormhole's early airdrop approach rewarded active users, reflecting potential with escalating adoption. Although it reserves a smaller token percentage for community rewards, high-value transactions and the unlocking of additional tokens for distribution show promise.

The Gradient Network operates on Solana, introducing edge computing through decentralized devices. With notable backing from Multicoin, Pantera, and Sequoia Capital, its nascent stage positions it as a speculative opportunity for early adopters.

Arkham’s pivot from blockchain services to a perpetual exchange involves Hyperliquid-inspired airdrop strategies that focus on trading and referrals. Its success in the early phase illustrates the potential impact of continued distribution.

Kinto positions itself as a "Security Layer-2," setting a $100 million TVL milestone for its TGE, indicating a structured approach. While its timeline differs, its focus on deposit-based rewards reflects a strong strategy.

Overall, these projects emphasize decentralized ownership and active community participation, offering potential opportunities similar to Hyperliquid’s model. Monitoring ongoing updates, tokenomics, and engagement strategies will be critical for those seeking to capitalize on these trends.

Source: beincrypto.com ↗