Lucía Peña
Optimism, a Layer 2 network, has launched its fifth airdrop, distributing 10.3 million OP tokens, valued at approximately $16 million, to 54,700 addresses. The airdrop is aimed at rewarding users who have actively interacted with the Superchain, a blockchain ecosystem built using the OP Stack technology.
Eligible wallets for this airdrop include those that engaged with at least 20 smart contracts on various chains within the Superchain between March 15 and September 15, 2024. Chains considered for eligibility include OP Mainnet, Base, Zora, Mode, Metal, Fraxtal, Cyber, Mint, Swan, Redstone, Lisk, Derive, BOB, Xterio, Polynomial, Race, and Orderly. Users have until February 13, 2025, to claim their tokens.
“Airdrop #5 rewards power users who have contributed to the growth of the Superchain ecosystem,” Optimism noted.
🔴 Use the Superchain, and reap the benefits 🔴
Today, @Optimism unveils Airdrop #5:
Onchain together, benefit together.
10M+ OP has been allocated to 54k+ unique addresses.
As of today, roughly 550M OP remains for future airdrops. pic.twitter.com/TCS1oSXKBs
— Optimism (@Optimism) October 9, 2024
In addition to meeting the basic criteria, certain bonus requirements were set that could increase individual token allocations. These included tasks such as delegating a minimum amount of OP tokens or interacting with at least seven different chains in the Superchain.
To date, Optimism has distributed over 265 million OP tokens through five separate airdrops. There are still around 550 million OP tokens reserved for future distributions.
Optimism’s first airdrop took place on May 31, 2022, followed by subsequent distributions on February 8, 2023, and September 13, 2023. The third airdrop rewarded nearly 32,000 users who participated in delegation activities, giving out 19.4 million OP tokens, worth $26 million at the time. The fourth airdrop occurred in February 2024.
At the time of this writing, the price of OP is $1.55, having experienced a 5% decrease in the past 24 hours. The OP token has a circulating supply of 1.3 billion and a total market cap of $1.9 billion.
