The highly anticipated Arbitrum (ARB) airdrop event and major exchange listings kicked off today. The massive participation that caused the platform to crash could be the start of a new airdrop season in the altcoin market.
Here are five potential altcoin airdrop opportunities like Arbitrum this year
zkSync Era
zkSync Era is an Ethereum-based Layer-2 rollup based on zero-knowledge (ZK) proof technology. Experts, including Ethereum co-founder Vitalik Buterin, argue that zk-based EVM-compatible rollups can be a game-changer with high scalability and efficiency, leading to mass adoption.
zkSync has the advantage of being EMV compliant, providing access to the Blockchain via the MetaMask wallet itself. The team behind it, Matter Labs, raised $200 million in a Series C funding round led by Blockchain Capital and Dragonfly in December 2022. Leading decentralized applications on Ethereum such as Chainlink, Uniswap, and Aave have signaled their intention to launch on zkSync.
On February 16, 2023, Matter Labs opened the doors for registered projects to distribute their code on the zkSync network. Public deposits will start soon. Users who want to maximize their chances of winning an airdrop will try to present themselves on the mainnet.
starknet
Starknet is another ZK-based Ethereum rollup that supports decentralized applications. The Starkware team, the development company behind Starknet, previously worked on StarkEx, an Ethereum scaling engine used by standalone Layer-2 solutions such as Sorare, ImmutableX, and dYdX. The success of their previous projects gives confidence in Starknet’s success.
Starkware launched the Starknet mainnet last November. As users rush to collect the next airdrop, total deposits on Starnet increased by 45% to $2.49 million after the Aribtrum token launch announcement. On-chain analytics firm Nansen witnessed a record $3.4 million in ETH and DAI deposits in the Starknet ecosystem on March 17.
scroll
Branded as “true zkEVM,” Scroll is similar to another ZK-Rollup Ethereum Layer 2. zkSync Era that comes with full EVM compatibility. The project raised $30 million in an investment round led by Polychain Capital in April 2022.
Scroll’s Blockchain was developed by New York University student Ph.D. Developed by Ye Zhang. Its design replicates the same version of the Ethereum Virtual Machine used on the mainnet, making it easier for existing Ethereum developers to deploy code on the Scroll compared to alternatives like zkSync and Polygon’s zkEVM.
On February 28, the Scroll team launched the Ethereum Goer testnet, providing a public test event. According to the team, more than 100,000 users have accessed the previous testnet version of Scroll. Mainnet launch is scheduled for late 2023.
Sui Network
Sui Network is a Move-based Layer-1 Blockchain, similar to Aptos, born from the ashes of Meta’s failed blockchain project Libra. Evan Cheng, who previously headed Meta’s crypto wallet research and development, has become CEO of Mysten Labs, the team that developed Sui.
Aptos Labs launched its native token APT on October 18, 2022, and airdropped 20 million APT to eligible users who minted a certain amount of NFT on the Aptos testnet. On launch day, the value of the airdrop was over $1,500. Sui testnet users can expect a similar airdrop at the mainnet launch in Q2 2023.
On March 21, Mysten Labs launched a Wave to Mainnet campaign that included “a series of events and content to further educate the community about the potential of the Sui protocol.” Participating in Sui campaigns and improving the digital footprint on the testnet can increase the chances of winning a future airdrop.
Sei Network
Sei Network is a Cosmos-based Layer 1 Blockchain focused mainly on DeFi and high-frequency trading applications. The network includes core applications such as an order matching engine and a unified platform-wide liquidity model to enhance the trading experience. The project is backed by industry heavyweights such as Multicoin Capital, Coinbase Ventures, and Delphi Digital.
The team launched the incentivized testnet in Q2 2022, with several missions and NFT print campaigns along the way. Users participating in these events will likely receive an airdrop when the mainnet launches. The team hinted that the launch will take place shortly.
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