TapSwap's airdrop performance has been volatile, mirroring trends in tap-to-earn projects. Post-airdrop, TAPS saw an initial price spike but later faced sell-offs, dropping over 50% within weeks, similar to Hamster Kombat and Notcoin, which crashed 70-77% from their highs. Unlike competitors, TapSwap’s utility focus and partnerships aimed to bolster value, yet user retention lagged, with daily active users dipping below 10% of its 73M peak. Competing projects like Catizen also struggled with engagement but retained higher liquidity. TapSwap’s market cap stabilized lower than expected, reflecting broader challenges in sustaining post-airdrop hype amid a crowded GameFi space.