Arbitrum Completes Distribution of $120M Airdrop

For some, like Vesta Finance, the airdrop provided a multimillion-dollar stimulus: The project was eligible for 2.7 million ARB tokens, worth just under $6 million, even though it held only $3 million in its treasury. This can allow the project to, over time, sell the tokens to bolster its own development or even provide token incentives to users to further jump-start activity.