Do you remember the airdrop feast in September and October? Back then, airdrops below $100 were hardly noticeable, projects worth over $300 took turns to launch, and even those under $50 were not considered valuable. $XPL was priced at $200, definitely a "top-tier hot project," and just a 70-point rating could earn you a good profit. It felt like gold was everywhere—soft and abundant.

Fast forward to now, the game has completely flipped. It’s about speed, capital, and network environment, even competing with bots. In the end, you might only get a $30 "leftover." Even more absurd, there was a recent scenario where a project launched and within less than 5 hours, its price plummeted to $3. The once "impossible to consume all" situation has turned into a "can’t get any" dilemma.

The ecosystem has changed, competition has intensified, and every profit margin is crowded with hungry players. Instead of lamenting, it’s better to think about how to survive—continue participating, adapt quickly, and keep up with the pace. It seems there are no better options.

Notably, some projects recently launched new activity modules with $500,000 in funding, expanding participation slots by five times compared to before. For deflationary tokens within the ecosystem, such mechanisms are worth studying: using transaction taxes to automatically burn tokens to create scarcity, part of the tax revenue flows into liquidity pools to maintain market stability, and token holders can earn ecosystem rewards through staking and participate in governance. This "burn- circulation-governance" cycle aims to find new growth engines during downturns.

The airdrop world is evolving, rules are being reshaped, and those who continue to participate must ultimately adapt to this new game.