First of all, it is worth mentioning that in addition to Arbitrum distributing a significant airdrop to many users and making them slightly richer, the project also decided to distribute 112.8 million ARB tokens to projects/DAOs in the Arbitrum ecosystem. A similar move was made by Optimism last year when the project conducted an airdrop of its token.
So, recently there have been many discussions about how these incentives can affect projects in the Arbitrum ecosystem, so it is not superfluous to recall how similar incentives affected tokens of projects in the Optimism ecosystem in 2022. Firstly, it is worth considering each protocol separately, and then gather all the information together.
Before we begin, it should be noted that Velodrome was the first protocol to announce its incentive plan on July 13, 2022, and its announcement marked the start of the launch of the narrative about the Optimism ecosystem. Against this background, July 13 was used as the starting price for each of the protocols below. So, let's get started.
Result: 1011% growth in two weeks.
It should be noted that this project announced incentives on July 15, 2022.
Result: 185% growth in three weeks.