Evaluating the investment potential of a Web3 project's airdrop involves analyzing its fundamentals and market signals. Start with the project's value proposition—does it solve a real problem in DeFi, gaming, or infrastructure, backed by a competent team? Check tokenomics: a high percentage of tokens allocated to airdrops might signal dilution risk, while vesting schedules indicate long-term commitment. Community size and engagement on platforms like Discord or X reflect adoption potential. Monitor past airdrop performance—projects like Uniswap set benchmarks for value retention. Key metrics include total value locked (TVL), user growth rate, and post-airdrop price stability. Combine these with market sentiment for a balanced view.

Great insights! 👏 Evaluating Web3 airdrops is no joke. Always gotta dig deep into the fundamentals and community vibes. Thanks for the breakdown! 🚀