Optimism Allocates Over 10 Million Tokens To Users In Fifth Airdrop

Layer 2 network Optimism has launched its fifth airdrop, distributing 10.3 million OP tokens (valued at approximately $16 million) to 54,700 user addresses. This airdrop specifically recognized users engaging with Superchain, a network of blockchains built with the OP Stack.

Rewarding Users

Activity on various chains, including OP Mainnet, Base, Zora, Mode, Metal, Fraxtal, Cyber, Mint, Swan, Redstone, Lisk, Derive, BOB, Xterio, Polynomial, Race, and Orderly, was taken into account. Wallets that interacted with at least 20 contracts on the Superchain between March 15th and September 15th, 2024, are eligible for the airdrop. Users have until February 13th, 2025, to claim their tokens.

Optimism stated that this particular airdrop rewards power users who have contributed to the growth of the Superchain Ecosystem. Additionally, there were bonus criteria that increased individual allocations, such as delegating a minimum amount of OP or participating with seven chains on the Superchain.

An Impressive Feat

Through five airdrops, Optimism has now distributed over 265 million OP tokens, with around 550 million OP tokens remaining for future distributions. The initial airdrop took place on May 31st, 2022, followed by a second on February 8th, 2023, and a third on September 13th, 2023.

The third airdrop allocated 19.4 million OP, valued at $26 million at that time, to nearly 32,000 addresses involved in the delegation activities of the Optimism Collective. A fourth airdrop occurred in February 2024. Presently, the circulating supply of OP tokens stands at 1.3 billion, with a market cap of $1.9 billion.