Giant Project with Layer 2 Scaling Solution Carried Out Its Airdrop! Distributed Millions of Dollars Worth of Tokens! Here Are the Details

Layer 2 scaling solution Optimism has launched its fifth airdrop by allocating 10.3 million OP tokens worth approximately $16 million to 54,700 user addresses.

Optimism Conducts Fifth Airdrop, Distributes 10.3 Million OP Tokens to Superchain Users

The airdrop rewards users who actively engage with Superchain, a blockchain network built using Optimism's OP Stack technology.

The airdrop focused on users interacting with various chains in the Superchain ecosystem, including OP Mainnet, Base, Zora, Mode, Metal, Fraxtal, Cyber, Mint, Swan, Redstone, Lisk, Derive, BOB, Xterio, Polynomial, Race, and Orderly.

To qualify, wallets had to have interacted with at least 20 contracts across the Superchain between March 15 and September 15, 2024.

“The airdrop rewards strong users who contribute to the growth of the Superchain Ecosystem,” Optimism said in a statement. Eligible users have until February 13, 2025 to claim their tokens.

Some participants were able to increase their allocation through bonus criteria such as delegating a minimum amount of OP tokens or interacting with at least seven chains on the Superchain.

Optimism's Airdrop History

This latest distribution brings the total number of OP tokens distributed via airdrop to over 265 million. Optimism has approximately 550 million OP tokens remaining for future airdrops.

The first airdrop was launched in May 2022, followed by others in February and September 2023. The third airdrop in September 2023 distributed 19.4 million OP tokens worth $26 million to approximately 32,000 addresses.

At the time of writing, the OP token was trading at $1.55, down 5% over the last 24 hours. With a circulating supply of 1.3 billion tokens, OP has a market cap of $1.9 billion.

*This is not investment advice.