tl;dr
A recent study by KeyRock Trading reveals that crypto airdrops, a popular token distribution strategy, are experiencing challenges. The study analyzed 62 airdrops across six blockchain networks in 2024 and found that 88.7% of tokens experienced price declines after 90 days. While Ethereum and Solana...
Crypto airdrops, a prevalent token distribution strategy, are facing challenges in maintaining long-term value and community interest. A recent study by KeyRock Trading analyzed 62 airdrops across six blockchain networks in 2024, revealing that 88.7% of tokens experienced price declines after 90 days. While Ethereum and Solana stood out with some airdrops maintaining or increasing value, other networks showed no positive outcomes. The report also emphasized the impact of airdrop size on long-term outcomes, indicating that larger distributions fostered better results by cultivating an invested user base.
The study painted a stark picture of airdrop effectiveness, with 88.7% of tokens experiencing price declines after 90 days. Despite initial excitement, many airdrop tokens fail to sustain long-term interest or value. The oversaturation of such strategies seems to have diluted their impact, leading to decreased community retention and protocol abandonment.
The data revealed varying outcomes between different blockchains. Ethereum and Solana stood out, with 14.8% and 25% of their respective airdrops maintaining or increasing in value after three months. Conversely, other networks like BNB, Starknet, Arbitrum, Merlin, Blast, Mode, and ZkSync saw no airdrops with positive outcomes, highlighting the influence of network preference and user base characteristics.
KeyRockâs report delved into the role of token distribution strategies, categorizing airdrops based on the percentage of total token supply distributed. The findings suggest that larger airdrops tend to foster a stronger sense of community ownership, instrumental in stabilizing price fluctuations and sustaining user interest.
More about General Dynamics Corporation
General Dynamics Corporation Summary General Dynamics Corporation
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Industry Sector: Manufacturing
Key Subsectors: Ship & Boat Building & Repairing
Financial Highlights
Market Cap: $82.9 billion
Dividend Yield: 2.51%
P/E Ratio: 12.83
Current Price: $164.48
Beta: 0.0789
Revenue: $44.946 billion
Net Income: $3.23 billion
Debt to Equity: 0.207
Current Ratio: 0.18
More about United States Steel Corporation
United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.
Industry: MANUFACTURING
Sector: STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
Employees: 8503
Stock Price: $16.51
Change: 0.2
Change(%): 2.29%
Market Cap: $7.531 billion
Dividend Yield: 0.034
Revenue: $16.853 billion
P/E Ratio: 42.16
EPS: -0.617
EPS(%): -0.178%
More about Tanzanian Royalty Exploration Corp
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Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.
Industry: ENERGY & TRANSPORTATION
Sub-Industry: GOLD AND SILVER ORES
Market Cap: 110.68M
Dividend Yield: None
Beta (3Y Monthly): 0.127
EPS (TTM): -0.0306
Volume: 36.72M
P/E Ratio: 1.38
Forward Dividend & Yield: 2.549 (0.625%)
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