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Let's take a look at the storylines of airdrops in the crypto ecosystem over the past few years—2020's Flare had great potential but was hard to realize, 2021's ParaSwap airdrop controversy is still being criticized, and in 2022 Hop Protocol quietly ended. In 2023, 5irechain attempted a comeback but received a lukewarm response, and last year Scroll was highly popular but had varying claims about actual returns for token holders. Now, Monad is taking over in 2025, but can it rewrite the fate of airdrop projects? Looking ahead to 2026, will new projects continue this cycle? The entire market seems to be asking: when will we see a truly practical and valuable airdrop mechanism?