Optimism Conducts Fifth Airdrop Distributing 10.3 Million OP Tokens

The team behind the Ethereum layer-two network, Optimism, has conducted its fifth airdrop, distributing 10.3 million OP tokens (approximately $16 million) among 54,700 unique addresses.

? 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

This token distribution aims to incentivize users of the Superchain, an ecosystem of rollups built on the OP Stack infrastructure.

Activity in networks such as OP Mainnet, Base, Zora, Mode, Metal, Fraxtal, Cyber, Mint, Swan, Redstone, Lisk, Derive, BOB, Xterio, Polynomial, Race, and Orderly was considered.

The airdrop participants included wallets that interacted with at least 20 smart contracts in the Superchain from March 15 to September 15, 2024.

Individual allocations for users were increased through bonuses, awarded for actions like delegating OP or using seven protocols within the ecosystem.

Tokens must be claimed by February 13, 2025.

In total, Optimism has distributed over 265 million tokens across five airdrops. Approximately 550 million OP remain for future distributions.

The first drop occurred on May 31, 2022, followed by distributions on February 9, 2023, and September 18. The fourth token distribution took place on February 20, 2024.

In the past 24 hours, the price of OP has decreased by 6%. At the time of writing, the asset is trading at $1.53. Compared to its all-time high recorded in March, the price has fallen by over 68% (CoinGecko).

Back in May, Optimism developers added support for third-layer networks to the OP Stack.