Arbitrum, a Layer 2 scaling solution for Ethereum, announced the airdrop of its ARB governance token on March 16, with eligible recipients expected to get the token on March 23. The anticipation surrounding its release has helped another Layer 2 solution, zkSync, experience significant weekly growth.
ZkSync is another Layer 2 scaling solution for Ethereum, supporting non-fungible tokens (NFTs), atomic swaps, and transfers of Ether (ETH) and ERC-20 tokens within the Ethereum network.
According to data from on-chain cryptocurrency analytics firm Nansen, more than 39,000 addresses have transferred more than USD 871 million to zkSync in the last seven days. The number of addresses that have connected to zkSync has multiplied by 5 in the last week.
Following the release of Arbitrum, zkSync and StarkNet are considered the next airdrops with the highest potential value. On March 17, almost 5,000 people deposited more than 536 ETH using the zkSync bridge, and almost 3,000 users deposited more than 234 ETH using the StarkNet bridge.
Although zkSync does not have a native token nor has it announced any airdrops, the excitement surrounding the Arbitrum airdrop has led many supporters to believe that they would be rewarded in the near future.
The buzz around airdrops comes amid multiple fake and fraudulent airdrop attempts by scammers 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
— CertiKAlert (@CertiKAlert) March 19, 2023
Beware of a fake @arbitrum Twitter account announcing a token airdrop.
Do not interact with this Airdrop.
Always check Twitter accounts and URLs from trusted sources.
Keep alert!
A cryptocurrency airdrop is a promotional tool for cryptocurrency projects to build buzz around the project. The crypto projects behind these airdrops often directly deposit digital tokens into the wallets of active members of the blockchain community as a gift. Many of these airdrops have specific pre-set eligibility criteria that reward users for spreading the word about the project.
Airdrops have been popular since the early stages of the crypto ecosystem, with the first airdrop in 2014. Projects have relaxed their marketing strategies of late due to regulatory scrutiny.
Not all cryptocurrency airdrops have the same value due to multiple factors, such as the people behind the projects and the use cases of the project, among others.. However, Arbitrum, Optimism, and zkSync are some of the first Layer 2 solutions with proven records. This has attracted more traders to the Arbitrum airdrop as it could prove to be more valuable than the usual cryptocurrency airdrops.
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