Crypto Airdrop Alert: Unveiling the Potential of 2024’s Hottest Airdrop

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The cryptocurrency landscape continues to witness buzz around airdrops after the success of Uniswap, LooksRare, Arbitrum, Flare Network, Pyth Network, and Jito, among others. Adding to the legends, the imminent Manta Network airdrop is poised to be one of 2024’s largest potential. Renowned crypto analyst Miles Deutscher has spotlighted the Manta airdrop, hinting at its potential significance in the ever-evolving crypto space. 

Airdrop Dynamics and Network Overview

Touted as a “modular blockchain” operating on Ethereum, Manta Network recently launched its Manta Pacific mainnet, a zero-knowledge (ZK) application L2. This innovative platform enables developers to create high-performance applications with minimal fees and near-instant transactions. Current statistics place Manta among the top blockchains, boasting $287 million in total value locked (TVL) across various network protocols, surpassing notable competitors like Kava, Gnosis, and Sui. 

Why the sudden interest?

The ongoing New Paradigm campaign incentivizes users to earn Manta tokens by bridging assets onto the network. To qualify for the airdrop, users must engage with DeFi protocols and NFTs on Manta’s platform, with larger asset bridging potentially yielding higher token rewards.

Manta Airdrop Criteria and Potential Rewards

Deutscher advises crypto enthusiasts eyeing the Manta airdrop to bridge at least 0.2 ETH (approximately $400) or its equivalent in USDC. Notably, a larger bridging amount may yield increased tokens upon the much-anticipated airdrop, anticipated to occur later this month. 

Recent reports from CoinGecko showcase the enormous impact of airdrops, with the top 50 between 2020 and 2023 having distributed a staggering $26.6 billion worth of tokens. The Manta airdrop, slated for this year, is poised to add to this legacy of lucrative token distributions, attracting considerable attention from investors and enthusiasts.

Other Developments and Upcoming Airdrops

Simultaneously, the crypto sphere anticipates another significant airdrop from Solana-based protocol Jupiter, slated for later this month. Moreover, As it solidifies its position as the 13th largest blockchain by total value locked (TVL), Manta Pacific recently experienced an impressive surge in TVL, reaching $316 million. This surge, driven by over $383 million, catapulted Manta Pacific’s TVL by a staggering 1,250%, ranking it 7th among layer-2 blockchains by asset value.

Kenny Li, co-founder of p0x Labs and contributor to Manta Network, finds the TVL growth encouraging, seeing it as a promising indication of a new challenger rising in the DeFi space against established Ethereum layer two blockchains like zkSync and Base.

However, it’s crucial to note that TVL isn’t universally standardized or consistently tracked on blockchain browsers. Nevertheless, the projected airdrop of 50 million tokens for early users has significantly heightened enthusiasm and interest in the Manta Network project.

With growing anticipation surrounding the promised Manta airdrop in 2024, the crypto community eagerly awaits this potential game-changer, poised to significantly impact the crypto landscape.