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Anticipated Airdrops: Berachain and Linea Protocol
According to a recent Polymarket poll with $22,000 in assets, users expect Berachain and Linea Protocol to launch their highly anticipated airdrops in the first quarter of this year. The poll places the odds of Berachain’s airdrop at 90% and Linea’s at 89%.
Berachain’s Rise in the Crypto Industry
Berachain has emerged as one of the fastest-growing players in the crypto industry, with a portfolio of DeFi-related applications in its ecosystem. The layer-1 network has raised significant funds, with $43 million in 2023 and $100 million in March last year, valuing it at $1 billion.
Berachain’s ecosystem includes several notable applications, such as BEX, a Uniswap rival for token swapping, and BEND, an Aave rival for borrowing and lending. Additionally, BERPS allows users to trade their favorite tokens, while BGT Station enables participation in BGT’s governance. The native stablecoin, HONEY, connects these ecosystem dApps.
On-chain data reveals that Berachain’s network has handled over 533 million transactions since its inception. Notably, 57.14 million of those transactions took place in the last 14 days. The number of active addresses in Berachain has also seen significant growth, rising from 945,000 on December 15 to almost 3 million today.
Linea’s Growing Ecosystem
Meanwhile, Linea, a popular layer-2 network, utilizes zero-knowledge technology to enhance the Ethereum network. It rivals other L2 networks like Arbitrum, Base, and Optimism.
On-chain data shows that Linea has handled over 241 million transactions in its network, with almost 240,000 transactions taking place in the last 14 days. Furthermore, Linea has accumulated over $383 million in locked value, with notable players in its ecosystem including Mendi, ZeroLend, and Lynex.
Linea’s popularity can be attributed to its establishment by Consensys, a leading player in the crypto industry. Consensys has raised over $450 million from companies like Third Point, ParaFi, and Softbank. The Linea Foundation, a Swiss organization founded in November last year, will oversee the airdrop.
Airdrop Success: A Mixed Bag
Many popular crypto projects have launched their airdrops with varying degrees of success. While some have seen significant growth, others have experienced declines. For example, Wormhole’s token has dropped by 82% from its listing high, while EigenLayer is down by 30%.
When considering an airdrop, it’s essential to keep the following tips in mind:
- Research the project thoroughly, understanding its ecosystem, applications, and potential for growth.
- Stay up-to-date with the latest news and announcements from the project.
- Be cautious of market volatility and potential price fluctuations.
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