Genius Terminal, a cryptocurrency trading platform backed by YZi Labs (formerly known as Binance Labs) and advised by Binance co-founder Changpeng “CZ” Zhao, is experiencing exponential growth ahead of its anticipated “airdrop.”
The relatively obscure platform reached its highest single-day trading volume ever this Saturday, reaching $787 million, according to data from Dune Analytics. The bulk of that amount, approximately $728 million, comes from the Ethereum Virtual Machine (EVM) compatible network. EVM refers to a virtual distributed computer that runs your app’s smart contracts.
The platform’s weekly trading volume now exceeds $2 billion, compared to just about $85 million the previous week, according to the data. The average user appears to be very active, with trading volume per wallet reaching around $82,400, a number that was almost non-existent before.
Genius Terminal weekly volume spikes due to airdrop requests (Dune analysis)
early access
This rapid growth is probably not only due to intrinsic interest.
Traders are flocking to the platform as hopes for a potential airdrop grow. Airdrops are a mechanism by which cryptocurrency projects reward users with early token allocations for trying out new apps.
This has caused users to make a fuss about trading on Genius Terminal as they have the potential to earn new tokens based on trading volume. This is a tactic commonly used by crypto traders called “airdrop farming.”
Airdrop farming is a popular trend among crypto users, allowing them to participate in early-stage projects and acquire tokens before trading them on exchanges. Traders then sell those initial tokens on public exchanges and profit from their airdrop farming efforts if the price increases. However, the price of the token does not necessarily increase.
This is pretty much what electric car maker Rivian did during its IPO. If a user pre-orders their car, they will be allocated shares at the IPO price, giving them immediate potential profit when the shares start trading on the public market.
airdrop teaser
However, Genius Terminal has not yet confirmed the date of the airdrop.
What the platform has done is teased the possibility of such rewards for its users through posts on social media, mentioning “parachutes,” “airdrops in 2026,” and the possibility of something “big” being connected to its points system, Genius Points (GP).
The platform’s points program does not yet include tokens and is currently in its first “season”, rewarding users based on trading activity, transactions, and referrals.
The idea is that the more a user trades on the platform, the more points they earn with tiered bonuses that progress from “smart” status to “god” status. The team said that GP could allow users to receive future benefits, including the possibility of token airdrops.
Genius also launched an airdrop page, hinting that the token will be airdropped this year. The project builds on an “eight-figure” investment from YZi Labs, which has CZ on board as an advisor.
Read more: Most new crypto tokens will lose more than 70% in 2025. what happens next
