A new report reveals that geoblocking US users from airdrops have denied Americans billions of dollars. 

In a recent report, venture capital fund Dragonfly disclosed that geoblocking policies hindered US crypto users from 2020-24 airdrops. The report attributes the regulatory concerns of various projects to potentially missing out on multi-billion-dollar revenue. 

At least $1.8B Loss

The disclosure is part of the State of Airdrops 2025 following the analysis of 12 distinct Ethereum-based airdrops. The choice is ideal, given its popularity as a reward mechanic granting tokens to users of historical and current protocols. 

Dragonfly revealed that 11 projects deployed geoblocking restrictions that excluded US residents from receiving the tokens on the dozen large-scale airdrops analyzed. The firm estimates that Americans could not claim tokens worth $1.84 to $2.64 billion from those projects owing to the location restrictions.

US Misses Out on Key Airdrops

The Dragonfly outlines that understanding the scale

Keep reading this article on E-cryptonews.com.

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