CryptoHacker Noonabout 7 hours ago
88% of Airdrops Fail in Web3
8 min read
An analysis found that 88% of airdrops fail, with inflated testnet metrics masking real user engagement. LayerZero CEO Bryan Pellegrino estimated only 400,000 to 600,000 of 6 million accounts were real. ZkSync's active addresses collapsed 85% after its token distribution, dropping from 110,000 to 41,000.
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