Airdrop Hype Sends Polygon zkEVM, zkSync Era, and StarkNet TVLs Soaring

Polygon zkEVM, for example, has seen its TVL grow by 36% in the past 24 hours.

Girl sitting happy in her home on her sofa, through the window there is a flying spaceship with Polygon logo in a purple land.
Created by Kornelija Poderskytė from DailyCoin
  • Polygon zkEVM, zkSync Era, and StarkNet have continuously grown in TVL over the past few weeks.
  • For example, TVL on Polygon zkEVM has grown 36% in the past 24 hours.
  • The growth is most likely related to airdrop farming.

Ethereum Layer-2 projects are among the most exciting projects in the crypto industry. Multiple Layer-2s are competing for users as the market continues to grow exponentially.

Most users expect to receive some sort of an airdrop from the Layer-2 projects that don’t have a token yet. This is evident in the ever-increasing total value locked (TVL) of such projects.

Polygon zkEVM, zkSync Era, and StarkNet TVLs Soar

Ethereum Layer-2 scaling projects have enjoyed unprecedented fame in the past few months. Especially those that don’t have a token.

Sponsored

According to data from L2Beat, Polygon zkEVM, zkSync Era, and StarkNet, all see their TVLs grow continuously. For example, Polygon zkEVM’s TVL has increased 36% in the past 24 hours alone. The project now has $19.19 million locked.

zkSync Era has also seen steady TVL growth. In the past 24 hours, TVL on the network has grown almost 18% to $350 million. As for StarkNet, TVL has increased 8% to $60.3 million.

The total TVL of all Ethereum Layer-2s currently stands at $8.92 billion.

Total TVL on Ethereum L2s.
Total TVL on Ethereum L2s. Source: l2beat.com

Most of the discussed Layer-2 activity is likely related to airdrop farming. Both zkSync Era and StarkNet have confirmed to have their tokens and airdrop some portion of them to the community.

Sponsored

Polygon zkEVM, on the other hand, already has a token, which is MATIC. However, Polygon co-founder Sandeep Nailwal has hinted multiple times at a potential airdrop for Polygon zkEVM users in the past few weeks.

On the Flipside

  • It’s unclear what requirements the projects will set for receiving airdrops.

Why This Matters

Rising TVL on Ethereum Layer-2s is a welcoming sign because it shows that users are aware of them and the benefits they bring to the table.

Read more about an ETH wallet that woke up after eight years of dormancy:

ETH Wallet Dormant Since 2015 Moves 8,000 ETH in Minutes

Read more about the huge OP unlock:

Optimism to Unlock Millions of OP Tokens: What It Means for You

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Arturas Skur

Arturas Skur is a cryptocurrency news reporter at DailyCoin who covers Web 3.0 domains, DeFi, and Ethereum Layer-2s. With over five years of experience in journalism and public relations, Arturas brings his critical thinking and analytical abilities to deliver insightful news stories. In his free time, he enjoys hiking, playing with his dog, and reading.