Arbitrum airdrop hype helps zkSync addresses jump over 5X in a week

1 year ago

Airdrops were created arsenic a selling instrumentality earlier the ICO era, rewarding traders for promoting the task and holding its token for a definite play of time,

Arbitrum airdrop hype helps zkSync addresses leap  implicit    5X successful  a week

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Arbitrum, a layer-2 Ethereum scalability protocol, announced the airdrop for its governance token ARB connected March 16, and eligible receivers are expected to get the token by March 23. The hype astir its airdrop has present helped different layer-2 solution zkSync, to spot important week-over-week growth.

zkSync is different layer-2 scaling solution oregon Ethereum that supports autochthonal L2 NFT and atomic swaps arsenic good arsenic transfers of ETH and ERC20 tokens wrong the Ethereum network.

According to data shared by crypto on-chain analytic steadfast Nansen, much than 39,000 addresses person bridged implicit $871 cardinal to zkSync successful the past 7 days. The emergence successful fig of addresses bridging to zkSync has swelled by 5X successful the past week.

Ethereum Layer-2 trading volume. Source: Nansen

After the Arbitrum airdrop, zkSync and StarkNet are regarded arsenic the upcoming airdrops with the astir imaginable value. On March 17, astir 5,000 radical deposited much than 536 Ether (ETH) utilizing the zkSync Bridge, and astir 3,000 users deposited much than 234 ETH utilizing the StarkNet Bridge.

Although zkSync neither person a autochthonal token yet nor it has announced immoderate airdrop, the enthusiasm astir the Arbitrum airdrop has fueled galore proponents to judge they would beryllium rewarded successful the adjacent aboriginal conscionable similar the Arbitrum.

The hype astir the airdrops could beryllium understood from the information that determination were aggregate fake and scam airdrops being carried retired successful the sanction of Arbitrum.

— CertiK Alert (@CertiKAlert) March 19, 2023

A crypto airdrop is simply a promotional instrumentality for crypto projects to make hype astir the project. The crypto projects down these airdrops often straight deposit integer tokens into the wallets of progressive blockchain assemblage members arsenic a gift. Many of these airdrops person definite pre-set eligibility criteria that reward users for spreading consciousness astir the project.

Although precise fashionable during the aboriginal stages of the crypto ecosystem with the archetypal airdrop coming successful 2014, the selling strategy has dimmed down successful caller times, owing to regulatory scrutiny.

Related: Ethereum layer-2 solutions whitethorn absorption little connected token incentives successful the future

Not each crypto airdrops are arsenic invaluable owing to aggregate factors specified arsenic the radical down the projects, the usage cases that the task offers and overmuch more, However, Arbitrum, Optimism, and ZkSync are immoderate of the aboriginal layer-2 solutions with a proven records. This has attracted much traders to purpose for the airdrop arsenic it would beryllium to beryllium much invaluable than the accustomed crypto airdrops.

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