Berachain, Linea airdrop odds rise on Polymarket

Polymarket users expect Berachain and Linea Protocol to launch their airdrops in the first quarter of this year.

A small Polymarket poll with $22,000 in assets places the odds of Berachain’s airdrop at 90% and Linear at 89%. 

Berachain airdrop hopes rise

Berachain has become one of the fastest-growing players in the crypto industry. It is also one of the best-funded, having raised $43 million in 2023 and $100 million in March last year, which valued it at $1 billion. 

It is a layer-1 network with a portfolio of DeFi-related applications in its ecosystem. BEX is a Uniswap ( UNI ) rival that lets users swap tokens effortlessly, while BEND is an Aave ( AAVE ) rival for borrowing and lending. 

BERPS lets users trade their favorite tokens, while BGT Station lets users participate in BGT’s governance. HONEY, the company’s native stablecoin, connects these ecosystem dApps. 

On-chain data shows that Berachain’s network has handled over 533 million transactions since inception. A chunk of those transactions, 57.14 million, took place in the last 14 days. Also, the number of active addresses in Berachain has risen from 945,000 on Dec. 15 to almost 3 million today.

Linea’s ecosystem is growing ahead of airdrop

Meanwhile, Linea is a popular layer-2 network that uses zero-knowledge technology to supercharge the Ethereum network. It rivals other L2 networks like Arbitrum, Base, and Optimism.

On-chain data shows that Linea has handled over 241 million transactions in its network. It has handled almost 240,000 transactions in the last 14 days. 

More data shows that Linea has accumulated over $383 million in locked value. Mendi, ZeroLend, and Lynex are notable players in its ecosystem.

Linea’s popularity is likely due to its establishment by Consensys, a leading player in the crypto industry. Consensys has raised over $450 million from companies like Third Point, ParaFi, and Softbank. The Linea Foundation , a Swiss organization that started in November last year, will oversee the airdrop.

Many popular crypto projects like zkSync, EigenLayer, Wormhole, LayerZero and Hamster Kombat have launched their airdrops with mixed success.  Wormhole’s token has dropped by 82% from its listing high, while EigenLayer is down by 30%.