Layer 2 scaling solution Optimism has launched its fifth airdrop, allocating 10.3 million OP tokens worth approximately $16 million to 54,700 user addresses. The airdrop rewards users who have been actively engaging with the Superchain, a network of blockchains built using Optimism’s OP Stack technology.
The airdrop focused on users interacting with various chains within 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 needed to have interacted with at least 20 contracts across the Superchain between March 15 and September 15, 2024.
In a statement, Optimism said, “Airdrop #5 rewards power users who have contributed to the growth of the Superchain Ecosystem.” 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 engaging with at least seven chains on the Superchain.
Optimism’s Airdrop History
This latest distribution brings the total number of OP tokens distributed via airdrops to over 265 million. Optimism has around 550 million OP tokens left 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 nearly 32,000 addresses.
At the time of writing, the OP token was trading at $1.55, reflecting a 5% drop in the past 24 hours. With a circulating supply of 1.3 billion tokens, OP has a market capitalization of $1.9 billion.
Optimism’s consistent airdrop strategy aims to incentivize user participation and reward the active contributors to its expanding Superchain ecosystem.
