Dear reader, in this article i go over what wallets are, why some wallets may do an airdrop, previous accounts to support my claims and some major wallets to pay attention.

In the most basic terms, a wallet is an interface(mobile apps, browser extensions, hardware devices, hot or cold) that enables users to create blockchain accounts, access, send and receive crypto.

Wallets have evolved over the years, with lots of funding in this area, the user interface and also the user experience have dramatically improved.

TrustWallet : They were acquired by Binance and the TWT tokens were airdropped to Binance users

In my research i could not lay my hands of any who have done an airdrop but 2020 redefined the airdrop landscape. Before now, airdrop were done to avoid regulatory scrutiny, rather than sell tokens,you airdrop them, the likes of TON crystal etc are examples of such, other times they were forks that were used to reward an existing user base e.g Ethereum Classic.

Today, airdrops are marketing drivers, before now airdrops were unexpected, today users expect them and will avoid your platform if you do not .

Ethereum Name Service did the $ENS airdrop, it came like a shock. When Sushiswap did their airdrop, no previous Dex had done an airdrop to the best of my knowledge, the allure of free tokens almost crushed Uniswap.

Okay one may argue and say “what use is the token if they do issue one”, my reply will be “what use is the $OP, $ARB etc token”.

Another argument on this is that of L2 blockchain doing airdrops, when Near protocol, Aurora network, Solana etc launched their networks, there were no precedents for aidrop. The crypto world is changing.

https://www.coingecko.com/en/categories/wallets

Another point to support my argument is the already existence of crypto tokens : Exodus, Imtoken, Coin98, Blocto

1. Fundraise : Many wallets have raised huge sums of money to build their infrastructure. Currently, they have no form of exit liquidity outside tokens.

2. Better UX : Wallets have gone beyond software or interface to access, send or receive crypto. Many offer users the ability to swap, stake etc right from the wallet

3. Business model : Many wallets charge a little extra fee for this services, this is how they make their money. Metamask made over $200m from swap fees alone. Since they are directly competing with dapps, they have no other option than do an airdrop. Remember users do not just want to use a platform, they want to get rewards(airdrops etc)

4. Competition : Have you noticed of recent that many projects are launching their own wallets, take 1inch, Uniswap etc they have their own wallet. The wallet landscape is huge because of the fees gotten from users interacting with the network. Imagine a high school that only dish out knowledge, whenever students want to go for lunch breaks, they go outside the school to buy food, they also go outside to buy books and other items, okay just imagine if the school have all those items in sale, how much will they make. The school can be likened to crypto wallets today, they want to offer you everything inside their app so that you will no reason to go outside.

This competition between fellow wallets and dapps for user attention is what we drive the next airdrop craze.

Metamask : The $MASK token have been teased by Joe Lubin for some time now, they have over $700m in fundraise. Consensys is the parent company behind Metamask, Infura, Linea L2 blockchain

Zerion : You can use the swap and bridge functions. According to Crunchbase, they have raised a considerable amount of money.

Rainbow : They have raised over $13m. Swap tokens, mint NFTs etc.

Argent : They are the king of account abstraction, they are top wallet on Zksync and Starknet. They have swap feature within the app along with other investment products that you can use.

Rabby : Debank the parent company behind the Rabby wallet have over $25m in funding. By using the rabby wallet and all the features it has,one might be setting himself for a possible Debank airdrop.

Phantom : This is one of the earliest wallets on Solana, their appearance made metamask looked ancient. With over $100m in funding, using their swap, stake and buying NFT features might set one up for an airdrop if they so choose to do one. They now support EVM chains like Ethereum and Polygon.

Xverse : Bitcoin seems to be pivoting beyond just a store of value, it is currently the most secure blockchain by hashpower. The rise of Ordinals, SRC20, BRC20 tokens are sparking new interest beyond Store of Value.

The network can be extended to support smart contracts thanks to* Stacks*, Babylon chain is building infrastructure that will help Proof of Stake blockchains more secure by leveraging Bitcoin mining, the likes of Rollkit from Celestia is trying to use Bitcoin as a data availability layer, the lightning network is also expanding. Xverse enable users to swap tokens, connect to defi applications, trade NFTs and lots more.

Echooo : Built with account abstraction in mind and with $15m from VCs, Echoo eanbles users swap tokens and also earn with DeFi.

WalletConnect : This is not really a wallet but a convenient and secure way for users to connect to any dapp. I do not really know how an airdrop may ensue but i do know that they have raised some funding.

Existing Dapps with Wallets : In this category are some major DeFi apps that have built their own wallets. Using them may possible you for a possible airdrop.

You may be asking “why we they do an airdrop?’, the answer is simple, many users do not use a platform or dapp after they do an airdrop.

supposing you have $100, would you use Uniswap to swap tokens or a tokenless AMM for possible airdrop.

So most dapps only have a chance to compete if they do a second airdrop to “loyal” users.

Reader,this is not an exhaustive list, drop any other ones in the comment sections. Hope you got value from this piece.

Dear reader, in this article i go over what wallets are, why some wallets may do an airdrop, previous accounts to support my claims and some major wallets to pay attention.

In the most basic terms, a wallet is an interface(mobile apps, browser extensions, hardware devices, hot or cold) that enables users to create blockchain accounts, access, send and receive crypto.

Wallets have evolved over the years, with lots of funding in this area, the user interface and also the user experience have dramatically improved.

TrustWallet : They were acquired by Binance and the TWT tokens were airdropped to Binance users

In my research i could not lay my hands of any who have done an airdrop but 2020 redefined the airdrop landscape. Before now, airdrop were done to avoid regulatory scrutiny, rather than sell tokens,you airdrop them, the likes of TON crystal etc are examples of such, other times they were forks that were used to reward an existing user base e.g Ethereum Classic.

Today, airdrops are marketing drivers, before now airdrops were unexpected, today users expect them and will avoid your platform if you do not .

Ethereum Name Service did the $ENS airdrop, it came like a shock. When Sushiswap did their airdrop, no previous Dex had done an airdrop to the best of my knowledge, the allure of free tokens almost crushed Uniswap.

Okay one may argue and say “what use is the token if they do issue one”, my reply will be “what use is the $OP, $ARB etc token”.

Another argument on this is that of L2 blockchain doing airdrops, when Near protocol, Aurora network, Solana etc launched their networks, there were no precedents for aidrop. The crypto world is changing.

https://www.coingecko.com/en/categories/wallets

Another point to support my argument is the already existence of crypto tokens : Exodus, Imtoken, Coin98, Blocto

1. Fundraise : Many wallets have raised huge sums of money to build their infrastructure. Currently, they have no form of exit liquidity outside tokens.

2. Better UX : Wallets have gone beyond software or interface to access, send or receive crypto. Many offer users the ability to swap, stake etc right from the wallet

3. Business model : Many wallets charge a little extra fee for this services, this is how they make their money. Metamask made over $200m from swap fees alone. Since they are directly competing with dapps, they have no other option than do an airdrop. Remember users do not just want to use a platform, they want to get rewards(airdrops etc)

4. Competition : Have you noticed of recent that many projects are launching their own wallets, take 1inch, Uniswap etc they have their own wallet. The wallet landscape is huge because of the fees gotten from users interacting with the network. Imagine a high school that only dish out knowledge, whenever students want to go for lunch breaks, they go outside the school to buy food, they also go outside to buy books and other items, okay just imagine if the school have all those items in sale, how much will they make. The school can be likened to crypto wallets today, they want to offer you everything inside their app so that you will no reason to go outside.

This competition between fellow wallets and dapps for user attention is what we drive the next airdrop craze.

Metamask : The $MASK token have been teased by Joe Lubin for some time now, they have over $700m in fundraise. Consensys is the parent company behind Metamask, Infura, Linea L2 blockchain

Zerion : You can use the swap and bridge functions. According to Crunchbase, they have raised a considerable amount of money.

Rainbow : They have raised over $13m. Swap tokens, mint NFTs etc.

Argent : They are the king of account abstraction, they are top wallet on Zksync and Starknet. They have swap feature within the app along with other investment products that you can use.

Rabby : Debank the parent company behind the Rabby wallet have over $25m in funding. By using the rabby wallet and all the features it has,one might be setting himself for a possible Debank airdrop.

Phantom : This is one of the earliest wallets on Solana, their appearance made metamask looked ancient. With over $100m in funding, using their swap, stake and buying NFT features might set one up for an airdrop if they so choose to do one. They now support EVM chains like Ethereum and Polygon.

Xverse : Bitcoin seems to be pivoting beyond just a store of value, it is currently the most secure blockchain by hashpower. The rise of Ordinals, SRC20, BRC20 tokens are sparking new interest beyond Store of Value.

The network can be extended to support smart contracts thanks to* Stacks*, Babylon chain is building infrastructure that will help Proof of Stake blockchains more secure by leveraging Bitcoin mining, the likes of Rollkit from Celestia is trying to use Bitcoin as a data availability layer, the lightning network is also expanding. Xverse enable users to swap tokens, connect to defi applications, trade NFTs and lots more.

Echooo : Built with account abstraction in mind and with $15m from VCs, Echoo eanbles users swap tokens and also earn with DeFi.

WalletConnect : This is not really a wallet but a convenient and secure way for users to connect to any dapp. I do not really know how an airdrop may ensue but i do know that they have raised some funding.

Existing Dapps with Wallets : In this category are some major DeFi apps that have built their own wallets. Using them may possible you for a possible airdrop.

You may be asking “why we they do an airdrop?’, the answer is simple, many users do not use a platform or dapp after they do an airdrop.

supposing you have $100, would you use Uniswap to swap tokens or a tokenless AMM for possible airdrop.

So most dapps only have a chance to compete if they do a second airdrop to “loyal” users.

Reader,this is not an exhaustive list, drop any other ones in the comment sections. Hope you got value from this piece.