Binance Rewards BNB HODLers with DOLO Airdrop to Boost DeFi Engagement

Generated by AI AgentCoin World
Wednesday, Aug 27, 2025 5:01 pm ET1min read
Aime RobotAime Summary

- Binance airdrops 15M DOLO tokens to HODLer participants via its Simple Earn and On-Chain Yields programs, aiming to boost DeFi engagement.

- DOLO, operating on Ethereum and Arbitrum, enables over-collateralized loans and margin trading, with spot trading launched on five pairs.

- The airdrop follows a 10% price surge post-Coinbase roadmap announcement, reflecting growing institutional interest and improved liquidity.

- A secondary 10M token airdrop in six months reinforces Binance’s strategy to reward long-term engagement and expand DeFi offerings.

15 million Dolomite (DOLO) tokens have been transferred to Binance for trading, marking a significant milestone in the token’s expansion on major exchanges. The move aligns with Binance’s ongoing HODLer Airdrop program, which distributes tokens to users who participated in its Simple Earn and On-Chain Yields programs. Eligible users who held

BNB
or participated in these programs between August 3 and 6, 2025 (UTC), are set to receive their share of the initial 15 million DOLO tokens directly into their spot accounts. A secondary airdrop of 10 million DOLO tokens is also planned for six months after the initial distribution, emphasizing Binance’s strategy to reward long-term engagement [3].

The DOLO token, native to the Dolomite decentralized money market protocol, operates on both the

Ethereum
and Arbitrum blockchains. It is designed to facilitate over-collateralized loans, margin trading, and spot trading. The protocol also integrates virtual liquidity to improve capital efficiency for traders and lenders [3]. Binance has launched spot trading for DOLO on five pairs:
USDT
,
USDC
, BNB, FDUSD, and TRY, starting on August 27, 2025, at 16:00 UTC. Deposits for DOLO were made available earlier at 12:30 UTC, with withdrawals enabled following the launch. This structured rollout aims to provide immediate market depth and support diverse trading strategies for users [3].

At the time of the airdrop, the circulating supply of DOLO tokens was approximately 264.9 million, representing 26.49% of the total supply of 1 billion tokens. The market capitalization of DOLO was valued at BTC891.5794, placing it at 522 on CoinGecko, while its fully diluted valuation (FDV) stood at BTC2,308.6637. The DOLO token has shown a 17.60% price increase in the last seven days, outperforming both the global cryptocurrency market and similar tokens within the Ethereum ecosystem [1].

The inclusion of DOLO on Binance has already had a positive impact on its price trajectory. According to recent data, the token surged by 10% following the announcement of its addition to Coinbase’s roadmap, which, although not an official listing, signals growing institutional interest and improved accessibility. The price movement is consistent with patterns observed for other altcoins that receive endorsements from major exchanges, as increased liquidity and visibility often lead to stronger investor sentiment [4].

Binance’s HODLer Airdrop program continues to be a strategic initiative to incentivize user participation and foster token adoption. By rewarding BNB holders and long-term participants, Binance encourages sustained engagement with decentralized finance (DeFi) protocols. The inclusion of DOLO underscores the platform’s commitment to expanding its DeFi offerings while maintaining a secure and transparent environment for users [3].