5- to six-figure-size airdrops have change into the brand new norm within the crypto sector, and a rising variety of analysts consider there are extra to return. In September, dYdX distributed a massive airdrop to early users, and final week, the Ethereum Name Service gave out roughly $17,000 to $30,000 in ENS tokens to platform customers. Anticipation of extra “helicopter cash” has additionally led to a flurry of airdrop hunters in search of out the following large rating.

The mad sprint to have interaction with protocols and qualify for potential token drops led to an uptick in exercise on Polygon, a preferred layer-two platform, and MetaMask. Since final week, rumors that MetaMask might launch its personal token have been circulating, and that is mirrored within the elevated engagement on MetaMask Swap.

In line with information from Delphi Digital, exercise by means of MetaMask Swap “has seen an enormous utilization improve in latest days” because the rumors of a potential airdrop are unfold by influencers like Chico Crypto and a spread of Crypto Twitter entities.

MetaMask swap quantity vs. each day energetic customers on Polygon and Ethereum. Supply: Delphi Digital

As proven within the graph above, the amount of Ether (ETH) transacted by means of MetaMask Swap has seen a major improve since late October, and the each day energetic customers of MetaMask Swap on Polygon has surged from 2,000 on Nov. 6 to 9,000 on Nov. 12.

MetaMask 2021 income. Supply: Delphi Digital

On account of the elevated swap quantity and the 0.875% charge that MetaMask takes from every swap, the protocol has amassed $200 million in income in 2021. This determine is spectacular, particularly in contrast with opponents like SushiSwap, which has earned $70 million year-to-date, and Curve, which pulled in $12 million.

Excessive Ethereum charges push airdrop hunters to Polygon

Excessive charges on the Ethereum community are the seemingly wrongdoer behind the outsized soar in customers on Polygon.

Proof of the pickup in exercise on Polygon may also be discovered when wanting on the common gasoline price of transactions on the community, which has been on the rise for the reason that center of October when the community noticed a major improve within the common transaction price.

Common price of gasoline on Polygon. Supply: Polygon Scan

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In line with information from DappRadar, the 30-day common variety of transactions on MetaMask Swap has increased by 13.95% whereas the variety of energetic customers has risen 18.25%.

MetaMask swap statistics. Supply: DappRadar

The historic exercise chart above additionally exhibits a big spike in quantity on Nov. 11, proper as rumors a few potential airdrop had been broadly circulating on crypto social media channels.

Whether or not or not the spike in exercise will repay for these in search of an airdrop stays to be seen, and it’s potential that MetaMask will make use of some measures to counteract these attempting to sport the system with Sybil assaults, just like what was seen with Ribbon Finance.

The latest airdrop from ParaSwap gives a superb instance of a few of these “anti-airdrop hunter” countermeasures that may very well be taken to thwart these seeking to sport the system. The ParaSwap staff made positive that solely 1.5% of unique addresses that engaged with the protocol acquired the airdrop, a lot to the chagrin of airdrop hunters and trustworthy early customers of the platform.

In the mean time, it is not confirmed whether or not or not the staff at MetaMask will launch its personal native token or whether or not an airdrop will happen. Which means all the prompt strategies for interacting with the platform with the intention to obtain this rumored airdrop are nothing greater than hypothesis, for now.

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