Tag: airdrop
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Lighter Pivots to Systematic Trading Partners Amidst Post-Airdrop Volume Declines
The Ethereum-based zk-rollup order book platform, Lighter, is strategically repositioning itself to attract systematic trading partners, a move that follows a noticeable decline in trading volume after its initial airdrop period. This strategic shift is underscored by the platform’s recent integration with Insilico Terminal, a sophisticated execution management system designed for professional traders. The integration…
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The Collapse of Blast and ZeroLend: A Stark Warning on the Pitfalls of Airdrop-Driven Growth Strategies
The digital ledger network Blast, which once boasted a Total Value Locked (TVL) exceeding $2 billion, has announced its imminent shutdown, with recent data from DefiLlama revealing its 24-hour chain revenue plummeted to a mere $110. This precipitous decline, representing roughly the cost of a decent pair of athletic shoes, underscores a critical and often…
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A Network That Once Commanded Billions Now Generates Pocket Change, Raising Alarms About Airdrop Strategies
The cryptocurrency landscape is once again grappling with the harsh realities of economic sustainability, as the Blast network, a Layer 2 solution that once boasted over $2 billion in total value locked (TVL), now reports a mere $110 in chain revenue over the last 24 hours, according to data from DefiLlama. This dramatic decline, starkly…
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