Zora Network, the Ethereum Layer-2 built for NFTs, has announced a major milestone—its ZORA token airdrop is happening on April 23, 2025.
With backing from Coinbase Ventures and Haun Ventures, Zora has raised over $60 million since its launch in 2020. Now, it’s preparing to reward its community in a bold move to reignite interest during a cooling NFT market.
🎁 Airdrop Details: Who’s Eligible?
The airdrop will be retroactive, targeting users who have actively engaged with Zora. It’s divided into two snapshot phases:
- Phase 1: January 1, 2020 – March 3, 2025
- Phase 2: March 3, 2025 – April 20, 2025
Zora will allocate 10% of its 10 billion total supply—that’s 1 billion ZORA tokens—to this airdrop. The team will hold 18.9%, and over 26% is reserved for advisors and contributors.
📈 Binance to List ZORA on April 23
Crypto giant Binance has confirmed it will list the ZORA token on its Alpha platform the same day the airdrop goes live. Eligible users can also receive 4,276 bonus ZORA tokens through a separate Binance airdrop.
To qualify, users must have spent at least $50 via Spot or Funding accounts on Binance between March 22 and April 20, 2025.
💰 Token Valuation and Market Impact
As of now, ZORA trades around $0.03 on pre-launch platforms. That means the airdrop could be worth roughly $30 million. The network’s fully diluted market cap sits near $300 million.
But Zora is more than just another NFT marketplace. It also functions as a protocol for creating and selling NFTs, making it attractive for developers and creators alike.
🧪 Zora, Base, and the “Content Coin” Controversy
Recently, Zora integrated with Base, Coinbase’s Layer-2 solution. The duo made headlines when they tokenized a tweet, turning a post titled “Base is for everyone” into an ERC-20 token.
In just 12 hours, that post generated $30 million in trading volume and $70,000 in profit. But things quickly turned sour. Within four hours, the token’s value crashed by 99%, prompting accusations of a “pump and dump” scheme.
While Base denied these claims, the incident stirred questions about transparency in new token projects.
📉 NFT Activity and User Decline
Despite the excitement around ZORA, on-chain data reveals a different story. The Zora Network has handled over 87 million transactions and sees around 37,000 daily active wallets.
However, user activity has dropped by over 80% in the past year. And according to Binance, NFT sales volume dropped 12.4% last month across the top 10 blockchains—showing signs of reduced demand.
🔚 Final Thoughts: Can Zora Revive NFT Hype?
The Zora token airdrop is a big move during a challenging time for the NFT space. While airdrops often attract short-term hype, Zora’s success will depend on long-term utility and ecosystem growth.
The April 23 launch could be a turning point—or just another short-lived rally. Either way, the eyes of the NFT and DeFi communities will be watching closely.