In a recent article, Coinpedia discusses the potential of the Manta Network airdrop, which is set to be one of the biggest of 2024. Manta Network is a modular blockchain operating on Ethereum, and it recently launched its Manta Pacific mainnet, which is a zero-knowledge application layer 2 (L2) platform. Developers can create high-performance applications with low fees and fast transactions using this innovative platform. The Manta Network currently has $287 million in total value locked (TVL) and is among the top blockchains in the market. The New Paradigm campaign by Manta incentivizes users to earn Manta tokens by bridging assets onto the network. To qualify for the airdrop, users must engage with DeFi protocols and NFTs on Manta’s platform.
The article also mentions the potential rewards of the Manta airdrop. Crypto analyst Miles Deutscher advises users to bridge at least 0.2 ETH or its equivalent in USDC to be eligible for the airdrop. The airdrop is expected to distribute 50 million tokens, and larger bridging amounts may yield higher token rewards. The article highlights the significant impact airdrops have had in the past, with the top 50 airdrops between 2020 and 2023 distributing $26.6 billion worth of tokens. The Manta airdrop is expected to add to this legacy and attract attention from investors and enthusiasts.
Additionally, the article mentions other upcoming airdrops to look out for. The Solana-based protocol Jupiter is set to have a significant airdrop later this month. The Manta Network’s TVL has recently experienced a surge, reaching $316 million. This growth is seen as a promising indication of competition in the DeFi space against established Ethereum layer 2 blockchains. The Manta airdrop is highly anticipated and is expected to have a significant impact on the crypto landscape in 2024.
