Optimism, a leading Layer 2 network, has announced its fifth airdrop, distributing 10.3 million OP tokens (valued at approximately $16 million) to 54,700 user addresses. This airdrop specifically rewards users for their interactions within the Superchain ecosystem, which is comprised of various blockchains developed using the OP Stack.
The airdrop considered activity across multiple chains, including:
Airdrops are available to wallets that interacted with at least 20 contracts on the Superchain between March 15 and September 15, 2024. Users have until February 13, 2025 to claim their tokens. According to Optimism, "Airdrop #5 rewards power users who have contributed to the growth of the Superchain Ecosystem."
In addition to the base eligibility, there are bonus requirements that can increase individual user allocations. These include:
Through its previous airdrops, Optimism has distributed over 265 million OP tokens, with approximately 550 million OP tokens remaining for future distributions. The first airdrop was conducted on May 31, 2022, followed by subsequent airdrops on February 8, 2023, and September 13, 2023. The third airdrop alone distributed 19.4 million OP worth $26 million at that time to nearly 32,000 addresses.
As of now, the OP token is trading at $1.55 after a 5% drop in the past 24 hours. The circulating supply stands at 1.3 billion tokens with a market cap of $1.9 billion.
Disclaimer: This article is provided for informational purposes only and does not constitute legal, tax, investment, or financial advice.
