because they need users and a community, just like bounties they need a community to promote their project, currently the community is the key to the success of a project like ARB, uniswap they provide airdrops in very large numbers but they are still surviving and even growing, which should be if seen from the logic of the project will die because it gives away their tokens and everyone can sell them.
If doing airdrop were equal to killing the project they would have stopped doing it long time ago, it works that's why this trend is continuing. Some even make it obvious that they are gonna do airdrop, come farm us!
Projects that were generous with their drop are still doing good in market while those who were miser for example $PSP from Paraswap are in ashes, take what you may.
$SWELL from Swell Network confirmed, Pearls earned for staking ETH will be used to claim $SWELL:
https://twitter.com/swellnetworkio/status/1745414013763436670This is deffo gonna be a significant one cause it's on Ethereum, already a win for Eigenlayer stakers.