Airdrops aren't working like they used to. 

With significant declines in TVL and token value post-airdrop, could the era of airdrops be over? 

@juanaranovich writes

https://unchainedcrypto.com/airdrops-just-arent-working-anymore/

I do believe many projects are ignoring the fact that the farming industry is taking over (since 2021 it's exponentially increasing). 

It's a different kind of MEV nonetheless those farms will extract as much as possible. Meanwhile many potential users will just not use those projects, chains, whatever, because it's every day more obvious they like and reward the service provided by farms and real users have different goals and values.