Previously, airdrops were always a sudden windfall followed by a long and painful period. After Arb became OP, I remember it was quiet for more than a year before W, Starknet, and others came out. Then it was another half year of struggling to get Hype out, and then Aster appeared. There are three basic logics behind this track: First, starting in 2021, the SEC’s strict regulation prevented people from selling coins through pre-sales. However, since the middle of last year, the relaxation of regulations and the diversification of tools have led a number of projects that need funds to choose to sell coins and raise funds through ICOs or new share offering platforms. Secondly, previously, large airdrops mainly came from projects with high market capitalization rather than high percentages. Market liquidity could support projects with several billion units of market value, so naturally, individual users received more money. Public blockchain projects could even conduct multiple airdrops across their ecosystems. However, with increasingly poor liquidity, projects that can barely sustain themselves with a few hundred million units of market value are finding it difficult to deliver good results. Thirdly, there is the issue of the exchange's bargaining power, which has been discussed many times before and will not be repeated here. Looking ahead, as the overall market capitalization of Altcoin collapses, the logic behind airdrops will become weaker and weaker, and most project teams will adopt other approaches to raise funds and distribute early tokens.