Many people feel that the airdrop era may have ended, citing the conclusion of zkSync as a reason. This might be a bit forced, as the public chain SUI, which everyone was optimistic about in 2023, did not issue any airdrops. Many have been working on SUI for years without receiving anything, but that does not prevent Starknet from issuing airdrops. 90% of zkSync accounts did not receive airdrops, which will not affect the development of future projects.

So there is no need to worry that the airdrop industry is gone; it has simply transitioned from a rough form to one that requires us to cultivate it meticulously. We just need to build and perfect our production materials, and as long as we interact with fair projects, there should be no problem in turning things around.

So where should we focus in the second half of 2024, and how should we cultivate and what should we do?

We will answer this question in the following text, which mainly covers:

• Big Bull will still be in the ETH ecosystem
• What are the big ETH holders doing?
• What is the reason that Scroll attracted millions of users?
• Practical tutorial on the leading project Stakestone, one fish six eats

1. ETH is still mainstream

The Layer2 narrative is not over yet, and several large public chains are still under development. We have always said to chase airdrops, focusing on public chains; as long as the public chain does not do evil, it is all good. Many people's funds have been held in ETH on-chain and have participated in many project interactions.

Words are not enough; let's look at the data:

• The current supply of Ethereum is 120.15 million, down from 120.16 million yesterday and lower than 120.23 million a year ago. Compared to yesterday, it changed by -0.00%, and compared to a year ago, it changed by -0.06%.

https://ycharts.com/indicators/ethereum_supply; https://etherscan.io/chart/ethersupplygrowth

• The current staking rate is 27.47%, which is 0.51% higher than the 26.96% on May 20. In the past 20 days, many people have chosen to stake.

• Last week, ETH inflation was 8,768.69 ETH, and weekly destruction was 9,344.52 ETH, indicating that on-chain circulation is quite active.

We all know that the highest gas fee consumption comes from cross-chain transactions. From the data, we can infer that many projects are currently transferring ETH to other chains.

2. Where is ETH flowing?

The circle needs liquidity; funds do not flow to other directions for no reason. Without sufficient attraction, these funds would earn +3% annualized by staking on the original chain.

So let's see where ETH is flowing to?

Aside from flowing to exchanges for cashing out, more funds are flowing to Layer2. Based on etherscan data and weekly data on ETH Bridge to L2:

The most significant flow of funds is to: Arbitrum, Optimism, Polygon, zkSync, Base, Linea, Scroll……

Alright, with this, our direction for the second half of the year is clear: chase these public chains that have not yet taken snapshots and keep following until airdrops are issued.

I have deployed many of the above projects, and due to the recent dynamics of Scroll, the popular project Stakestone has launched many activities on it. So let's see if the Scroll chain is worth it? Is it necessary to chase? How does Stakestone achieve one fish seven eats?

3. The necessity of interacting with Scroll airdrops

I have written quite a few tutorials on Scroll before, but I haven't analyzed the data. Let's take a look at the Scroll data.

In May, Scroll's data began to soar, with a 211.11% increase in TVL over the past three months; the number of users increased by 30.4% in the same period.

From the monitored TPS real-time data, it can also be seen that Scroll is quite active currently.

https://rollup.wtf/

Therefore, I believe there is a necessity for interaction.

Let's see how to chase:

(1) Scroll airdrop rules

Scroll released the Scroll Marks user points statistics rules on May 15, mainly to score users based on their bridging data and gas burning data since the launch of the Scroll mainnet on October 10, 2023.

In the future, projects will distribute airdrops based on Scroll Marks (which we consider as points).

Eligibility criteria (meeting any one will earn points):

• Previously bridged ETH, wstETH, and STONE to Scroll (more bridging assets will be opened later)
• Burned 5u of gas on the Scroll network

http://scroll.io/sessions

The gas section refers to the snapshot on April 29. Don't be discouraged by this date; this is the data from Session Zero, and there will be a Session One later. Whether there will be a Two or Three is currently unknown, but there will definitely be a Session One, so if you want to chase, you need to do it early.

Let's look at the data indicators so that we can have a better direction.

(2) Analysis of Scroll Marks data indicators

Scroll Marks currently has statistics for 2,521,556 valid addresses, with the following distribution:

• 0 marks: 587,363 addresses
• 1--10 marks: 377,759 addresses
• 11--20 marks: 47,532 addresses
• 21--50 marks: 127,851 addresses
• 51--100 marks: 309,974 addresses
• 101--200 marks: 354,525 addresses
• 201--300 marks: 148,814 addresses
• 301--400 marks: 71,384 addresses
• 401--500 marks: 37,850 addresses
• 500+ marks: 67,782 addresses

• Among these 2.5 million addresses, nearly 590,000 users have 0 Marks;
• Most users are in the 1--10 Marks range;
• 50% of people only have 83 Marks;
• To enter the top 10%, you need to hold 2,130 Marks.

So the direction is clear: strive to pull points into the top 10%, so you won't have to worry about Scroll officials diluting your points with future Sessions One/Two/Three, thus obtaining a higher allocation.

(3) How to increase points

For public chains, the way to increase points is to calculate transaction volume; you can see which range you fall into based on the transaction ranking.

The transaction volume ranges are as follows:

• TOP 10%: 9,000U
• TOP 30%: 999U
• TOP 50%: 99U

With various indicators and data standards, we now know what to do.

The Scroll official website suggests that it's simple: bridge ETH, wstETH, and STONE to Scroll to earn points; the weight of cross-chain transactions is much higher than that of burning gas.

So if you want to take the easy route and enter the TOP 10% while minimizing wear and tear, you can directly bridge 0.3--0.4 STONE, complete the first two seasons, and then go for transaction volume; this way, your winning rate will be much higher.

The practical steps are as follows.

4. Why choose STONE?

There has been a lot of in-depth analysis on Stakestone, so I won't repeat the details about Binance and OK dual investments here. We just need to know that when the token launches in the fourth quarter, it will be listed on one of those exchanges. https://www.rootdata.com/zh/Projects/detail/StakeStone?k=ODQ5MQ%3D%3D

(1) Stakestone's yield surpasses all ETH assets

The PT yield of STONE on Tranchess is higher than all ETH assets [including LRT] --- 24.8%, and the expected pricing for airdrops has surpassed other ETH [including LRT] assets: https://tranchess.com/swap/STONE

This is just one form of yield; let's see how it achieves one fish six eats.

(2) Stakestone one fish six eats

✅ Key Point: The only staking protocol with , STONE is the only income-generating ETH on Scroll.

🐟 One fish six eats: STONE points + Scroll points + Scroll ecosystem airdrops + Eigenlayer points + Carrot points (points from the router project) + POS staking yield.

Minimum capital: No limit; airdrops are limited by TVL; the more you deposit, the more benefits you receive.

(3) Practical steps

Step 1: Withdraw ETH from the exchange to your Ethereum wallet (if your wallet has ETH or other assets on-chain, please skip to the next step)

• Visit the official website

https://carnival.stakestone.io/r?code=0E257

Step 2: Bridge ETH to the Scroll chain (Method 1)

• Use stake and bridge to convert ETH directly into STONE and bridge it to Scroll

Bridge ETH to the Scroll chain (Method 2)

• Click stake on L2

Here you can convert ETH or other assets on other chains into STONE on the Scroll chain;

Step 3: Stake ETH

Enter the amount of assets you want to stake, click "stake," and complete the staking.

Larger amounts may take 4--5 minutes to complete the transaction.

After staking, you can check your points status: https://carnival.stakestone.io
The above is today's tutorial on how to eat multiple times with one fish.

StakeStone is a provider of Manta technology. Many bloggers like to mention project financing when analyzing projects. While project financing can indicate that a project is favored by capital, if we do not understand what the project is about, you may not know how to continue making money from it.

There is a saying in the Web3 investment circle: looking at financing is not as good as looking at the narrative. The stronger the narrative, the greater the opportunity. I have previously conducted in-depth research on StakeStone, and the project's strength is very impressive. If you're interested, you might find it to be a potential project.

Crypto Dog Research Institute: Web3 Project Analysis Part Four --- StakeStone will be the ETH yield standard

Alright, today Dog Brother also has to "Kong Yiji" for a while, using a legal term "yield" 🤣, but after reading the StakeStone white paper, I really couldn't find a word to summarize the staking and restaking track of ETH, calling it "yield" seems to fall short, so I think using the legal term "yield" is more appropriate…

Previous tutorials:

https://x.com/JiamigouCn/status/1794020189211918708

https://x.com/JiamigouCn/status/1782291383723978795

https://x.com/JiamigouCn/status/1781165541832667569

https://x.com/JiamigouCn/status/1774069734264516790