An article reviews the six major airdrop opportunities in Q4 2024

Author: Stacy Muur, Web3 Researcher; Translation: Golden Finance xiaozou

In the second half of 2024, after a series of disappointing airdrops, high-profile hype has weakened and token distribution competition has eased. Now the returns of airdrops may be good.

Here are 6 airdrop projects worth joining that I have sorted out.

1、Morpho（Mainnet）

Morpho is a trustless and efficient lending platform that supports the creation of permissionless markets. It quickly became the sixth largest lending market by TVL on DefiLlama, with a current TVL of $1.4 billion.

(1) Get Airdrop

Morpho's airdrop activity is not based on points, but users can specify expected FDV to observe changes in asset supply and borrow APY. For example, the example below uses 1 billion US dollars FDV.

●  Visit the Morpho app (supports Ethereum and Base).

●  Browse the various pools and assets available for lending and choose the best pool for you.

●  Track your rewards in the Rewards tab.

Pro Tip: Rewards on Base are generally higher, and you can also get OP rewards since Base is an OP Stack chain. That’s why I personally would play Morpho on Base.

(2) FDV Expected

As mentioned earlier, Morpho is currently the 6th largest lending market among all chains. Its fiercest competitors are Compound ($444M FDMC), Venus ($210M FDMC), and Kamino Lend ($660M FDMC).

On August 1, Morpho raised $50M (undisclosed FDV) in a strategic funding round. Assuming 10-15% of tokens are sold in this round, that would imply a FDV of $330-500M. Considering all VC rounds are typically discounted, Morpho could have a FDV closer to $1B when it goes public.

2、Sunrise（Testnet）

Sunrise is a data availability (DA) layer designed for proof of liquidity (PoL) and fee abstraction. It recently launched an incentivized public testnet, an important milestone towards the mainnet launch.

The testnet rewards active users, and early participants will receive the largest share of the upcoming RISE token airdrop. To access the testnet and faucet, users must link an EVM wallet (with at least 0.001 ETH and transaction history on the Ethereum mainnet) and a Cosmos wallet.

（1）Get the airdrop

7% of the token supply was initially allocated during the first TGE airdrop, and another 5% was reserved for future incentives.

Sunrise is considering combining these two waves of allocations (a total of 12%) in the genesis airdrop.

Here are some numbers:

● Over 200,000 users have joined the testnet.

● The number of daily active users has grown to around 50,000 and is still growing.

● New testnet activities are being launched continuously.

● Join the community, follow Sunrise on social media and join their Discord.

● Use the testnet by trading or providing liquidity.

● Complete daily tasks.

● Refer friends using your referral link.

(2)FDVExpected

Sunrise Layer seamlessly integrates on-chain and off-chain data, combining the security and transparency of on-chain solutions with enhanced scalability and lower costs. This hybrid approach makes it a good fit for decentralized applications that require high throughput and strong data integrity.

Its fiercest competitors are Celestia ($4.7 billion FDV), Avail ($1.2 billion FDV), and KYVE ($24 million FDV). I expect the FDV listed to be between 300 million and 500 million.

3,Mantle COOK (Mainnet)

The Ethereum L2 platform Mantle is currently undergoing a Metamorphosis event, after which it will distribute new COOK tokens to the community. COOK will serve as the future governance token for Mantle LST (mETH, one of the largest LSTs by TVL) and LRT (cmETH, an emerging liquidity re-staking primitive).

(1) Get the Airdrop

The process of participating in the upcoming COOK airdrop is simple and there are multiple options. The key is to get some mETH (preferably on Mantle as it earns more Powder every day) and then increase your rewards by participating in various DeFi activities.

● Visit the website to connect your wallet.

● Stake ETH to get mETH tokens.

● Add mETH tokens to your wallet and bridge it to the Mantle network.

● You can earn 10 Powders per day by holding just 1 mETH. You can also earn more Powders by providing mETH liquidity on one of the protocols listed in this article.

● You can also lock MNT to earn additional rewards.

(2)FDVExpected

mETH is currently the fifth largest LST, behind Jito ($2.1 billion FDMC) and Marinade Finance ($100 million FDMC).

Since COOK is the governance token for mETH and the upcoming cmETH (a new re-staking token), the FDV at launch could be between $150 million and $300 million. Hopefully Mantle will not adopt the low circulation, high FDV approach.

(To keep this article simple and easy to read, the other airdrops will not be described in detail compared to the three mentioned above.)

4、Story Protocol（Testnet）

Story is an IP blockchain that enables programmable IP to drive the next generation of AI, DeFi, and consumer applications.

● Visit the website to link your wallet.

● Exchange IP, WETH, USDC, WBTC, USDT, FATE.

5、Soneium（Testnet）

Soneium is an L2 blockchain developed by the Sony Blockchain Solutions Lab team to arouse market sentiment and cultivate creativity. Its goal is to build a bridge between Web3 and everyday Internet services to make blockchain technology more accessible globally.

● Get Sepolia ETH from the faucet.

● Visit the website and link your wallet.

● Bridge test ETH between Sepolia and Minato.

6、Hyperlane（Mainnet）

Hyperlane is an interoperability layer designed for modular blockchain ecosystems. It enables seamless communication across different blockchain environments, including L1, rollup, and application chains through permissionless deployment.

（1）Hyperlane x Injective

● Visit the website and link your EVM/Solana and Cosmos wallets.

● Send your INJ tokens to the inEVM network. Enter the transfer amount, select your wallet, then click "Continue" to proceed and finally confirm the transaction.

（2）hNFT Mint & Bridge

● Visit the website and link your wallet.

● On the left side of the screen, select the NFT casting network; on the right side of the screen, select the target network to send the NFT after NFT casting. Then click "Mint".

● Click "Bridge" to transfer the NFT to another network. Confirm the transaction.

● Verify the successful transaction on Hyperlane's browser.