CoinGecko details the largest crypto airdrops of all time

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CoinGecko’s newest report reveals that the main 50 crypto airdrops have disbursed tokens valued at $26.6 billion from 2020 to 2023.

In accordance with the Dec. 21 post on X, Uniswap (UNI) holds the document for the most important crypto airdrop, distributing $6.43 billion of UNI on Sept. 16, 2020, at its all-time excessive (ATH) token worth of $42.88. 

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

In the meantime, dYdX (DYDX) secured the third place within the crypto airdrop rankings, distributing $2 billion price of DYDX on Sept. 8, 2021, at its ATH token worth of $26.80. It’s price noting that the whole worth of the DYDX airdrop is topic to a protracted vesting interval spanning 5 years, with parts launched incrementally.

Collectively, the report concludes that the airdrops from Uniswap, Apecoin, and dYdX contribute considerably to the cumulative worth, amounting to $11.99 billion and comprising 45.1% of the highest 50 largest crypto airdrops—the remaining airdrops among the many prime 50 vary to $1.97 billion.

Two weeks earlier, the Solana-based liquid staking protocol Jito initiated a extremely anticipated airdrop, dispersing 90 million JTO governance tokens amongst its person base in what is alleged to be a mannequin after Uniswap. 

This noteworthy airdrop occasion stands out in opposition to a broader development within the crypto house. A current report reveals a decline in main crypto airdrops throughout 2022 and 2023, with solely 14 and 13 airdrops securing positions within the prime 50 rankings.

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