Crypto airdrops have continued at full speed into 2024, handing out roughly $4 billion in value so far — with a few major airdrops still to come.

The three biggest airdrops were Jupiter, Starknet and Notcoin each giving out around $1 billion of value, judging by the number of tokens given out and a rough average price across the following months. Behind them were a mix of Solana and Ethereum-based projects, such as Wormhole, Ether.fi, FriendTech and Wen.

Crypto airdrops happen when a project gives out a number of tokens to previous protocol users. Typically they are done when the project hands over control to its community, issuing a governance token that users can vote with. Sometimes airdrops are split up into multiple seasons and they often try to avoid handing out tokens to wallets …