Why is nobody talking about it 🧵

Airdrops are bad these day because of these two main components 

• Allocation
• Valuation 

Info-Fi is indeed taking up certain % allocation but here's the real truth : 

A project with 500K eligible testnet users allocates 5% at TGE with $100 Million valuation 

Per user average = $10 

Same project allocate only 0.2% to Top 500 Kaito Yappers 

Per user average = $400 

What if they'll expand it to Top 20K Yappers 

Per user average = $10 

Got the answer ?

If no then let me tell you : Yappers are eating well because the limitations of Top 100 or Top 500

For Testnet users to eat well one of the these 2 components should be solid 

Great Valuation Or Solid Supply Allocation 

Both = Hyperliquid ( 30 Billion + 31% )

That's why requesting projects to try gated testnet or have defined timeline with entry filteration like Story Protocol.