Top Crypto Airdrops 2026: How They Work & Where To Find Airdrops

What Is A Crypto Airdrop?

An airdrop refers to a protocol or blockchain distributing tokens to wallets and community members. As crypto projects aim to be decentralized and community-governed, they attempt to allocate tokens to their longest-standing and most valuable community members. Loyalty in this sense is often measured in usage and activity over time.

Airdrops present an opportunity for users to be rewarded for their on-chain contributions, while also allowing projects to give back to their most loyal users. Users that receive these tokens can immediately use them to govern the project, stake them for rewards, or sell them on the open market.

Note: If you are a U.S. taxpayer airdrops are taxed as income based on the price that you receive them at, which then becomes your tax basis for future gains or losses. If you are not a U.S. taxpayer, local tax laws may apply.

Top Crypto Airdrops Recommended By Milk Road

Below is a list of recommended airdrops from various ecosystems, including Ethereum, Solana and Cosmos. Please note that there are many airdrops one can participate in, however some are more risky than others. Protocols can be hacked and users funds lost as well as protocol teams can "rug" projects and steal user funds. It's important to look for high quality projects and teams that have been audited. There are risks with any protocol even the ones listed below, however the following are airdrops that members from the Milk Road team are participating in. Please exercise caution when using new blockchain protocols, understand the risks and participate at your own risk. Be careful for spam links on the internet, especially social media. For each airdrop we have shared the correct link below. Note: Airdrops are often not confirmed and you are not guaranteed to receive anything.In some cases we have shared referral links for airdrops we participate in. Thanks in advance If you choose to participate using our referral links and help Milk Road grow! Good luck out there!

Top Airdrops In The Ethereum Ecosystem

Other Airdrops In The Ethereum Ecosystem

Top Airdrops In The Solana Ecosystem

Top Airdrops In The Cosmos Ecosystem

Coming soon...

How to Farm Airdrops

Each protocol has different rules or instructions on how to qualify for an airdrop. These days, most protocols provide points programs with clear details on how to earn more points and thus receive more tokens. For those with points programs, simplify follow the details on their website and look for ways to boost your points by participating in additional tasks or protocol. For protocols without points program or clear instructions you will need to guess.

In general, protocols are looking for more liquidity or activity within their application. The more liquidity you bridge, stake or provide, the more points or tokens you will typically earn. The more you complete different activities and execute more transactions, the more you may earn. And finally, the longer that you participate in their applications, the more tokens you may be eligible to earn as well.

When supplying liquidity or interacting with new protocols to earn airdrops, please consider the risks mentioned above (among others) and manage your portfolio accordingly. We highly recommend you use a small % of your total portfolio, an amount that you would be ok with if you lost 100%, as there is a chance it may happen. Below we will show a case study for a previous Airdrop to help you wrap your head around what all this means.

How To Find Upcoming Airdrops

Airdrops have become very popular over the past few months. As a result, information about them can be found in many places. Below is a list of resources, however you can also scroll below for a list of airdrops that the Milk Road team is participating in:

• Social Media: Many people have become experts on airdrops and share valuable information across social media channels, with the main platforms being Reddit, Twitter, Discord, and Telegram. Staying posted to these channels and following the major accounts can be a good way to stay on top of new information. Here are a few airdrop information sources that we trust:
• DeFiLlama: DeFiLlama is one of the most powerful tools in crypto research. Recently they added a helpful dashboard that shows you which projects do not have tokens, but likely will in the future. They also provide other important information such as the project’s valuation, TVL (Total Value Locked), and category. We broke down how we use DeFiLlama to find airdrops in our guide here!
• Youtube creators:If visual learning is more your style, a group of Youtubers have emerged to cover the niche of airdrop hunting. The content covers everything from introducing potential projects that might airdrop to breaking down past criteria. Here are some channels worth checking out:
• Airdrops.io: Airdrops.io allows you to use the navigation bar at the top of the page to sort by latest or hot airdrops. By clicking on a project, you will be able to learn more about the project and potential eligibility requirements. This information can point you in the right direction, but airdrops are not always guaranteed.

What Makes An Airdrop Worth Hunting?

When considering a certain airdrop, the following factors are important:

• Project funding:The valuation and amount of funding a project has raised directly impacts the price of the token when it launches. By targeting tokenless projects with high valuations, you are positioning yourself for a share of a bigger pool.
• Dilution:The more users that pursue a certain airdrop, the smaller each recipient's piece of the pie will likely be. It is a good idea to pursue airdrops that few people or small accounts on Twitter are talking about.
• Tokenomics / Whitepaper:Many projects openly present their tokenomics and other important information within their whitepaper. By diving into a project’s tokenomic breakdown, you can transparently see if tokens have been allocated towards the “community” or “early adopters”. Additionally, wording in the whitepaper around the project reaching “decentralization” or being “community-governed” is usually a strong signal of a future airdrop.

Past Airdrop Case Study: Arbitrum

On March 23, 2023, Arbitrum airdropped ~1.2B tokens to ~625,000 users. This airdrop is currently worth $2.4B in total!

As a case study, let’s dive into the criteria used for Arbitrum’s airdrop:

First off, it is important to note that Arbitrum is split up into two networks, Arbitrum One and Nova. Arbitrum One is the main layer-2 that is talked about, while Nova is a faster chain catered to gaming. Simply bridging into each of these networks would have gotten you two points. The amount you bridged over time could help with criteria 12-14.

The rest of Arbitrum’s criteria was centered around transactions. They allocated points for the amount of transactions you had, as well as the total value of your transactions. Lastly, they put an emphasis on transacting over time. Users who engaged with Arbitrum over several months were rewarded more heavily.

Based on the amount of boxes you checked, you received the following amount of tokens:

With the price of the token trading around $1.50 at the time (and higher now), this proved to be a lucrative airdrop for everyone involved.

How Do Airdrops Work?

Everything that you ever do on the blockchain will be recorded on a digital ledger forever. As a result, projects are able to reward users for past contributions at any point in time. When it comes time to airdrop, these projects take snapshots of the blockchain ledger to record all past activity.

After a project takes a snapshot, they need to decide what the eligibility criteria will be for recipients. In the past, a wide range of criteria has been used, ranging from network usage, to contributing to the project’s open-source development. While it is impossible to predict the exact criteria, using protocols and blockchains as designed is often the best way to qualify.

Once criteria is set, the project will make an announcement that users can begin to check their allocations. Based on certain factors, users may be eligible to varying degrees. For example, someone who has experimented with a project may receive an allocation of 1,000 tokens. While a heavy user of that same project may receive 10,000+.

In addition to the amount of tokens available, users will also be given a date range of when the airdrop can be claimed. Eligible wallets simply return to this page during that time window and can claim their tokens. In most cases, these tokens are immediately vested and tradeable on major exchanges.

The Largest Airdrops So Far

1. Uniswap (UNI) - September 16, 2020 220,000 users received an airdrop that was worth $6.4B at its peak.
2. Apecoin - (APE) March 17, 2022 Holders of Bored Ape NFTs and other ecosystem NFTs received an airdrop worth $3.55B at its peak.
3. Arbitrum (ARB) - March 23, 2023 625,000 Arbitrum users received a total airdrop worth $2.65B at the time of writing.
4. dYdX (DYDX) - September 8, 2021 64,000 traders on dYdX received an airdrop worth a total of $2B at its peak.
5. Ethereum Name Service (ENS) - November 8, 2021 137,000 users who registered ENS domains received an airdrop worth 1.88B at its peak.

Other Considerations While Hunting Airdrops

While airdrops offer up a great opportunity for crypto participants, there are also downsides to be aware of. Here are the elements you should consider:

• Scammers:The large amount of money in the crypto space has attracted a lot of bad actors. These scammers have specifically targeted airdrops as people need to connect their wallets to claim them, and often act quickly. It is important to note that airdrop claims last at least a few days, so you should always ensure you are using official links and never rush the process.
• Gas fees:In most cases, engaging with networks and protocols is going to cost you gas fees. While you can venture outside of Ethereum to make this very affordable, it is still not free and no return is guaranteed.
• Time:While certain airdrops have proven to be very lucrative, looking for airdrops can be very time consuming.
• Opportunity Cost:Some airdrops may require you providing liquidity or locking funds in a smart contract. If you never receive an airdrop, these funds may have been better put to use elsewhere.

Frequently Asked Questions