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Stealthy Generosity: Optimism's Third Community Airdrop Unveiled

Sep 20, 2023 at 11:35 am

In preparation for upcoming airdrops, an additional 570 million OP tokens have been specifically allocated.

Optimism, operating as a Layer 2 blockchain, has recently introduced its third community airdrop. This distribution has provided users with a combined total of 19,411,313 OP tokens, equating to a value of $27 million.

The airdrop has reached out to more than 31,000 distinct addresses. Eligibility was contingent on whether holders had delegated their OP holdings for participation in governance votes.

Looking ahead, there are concrete plans to set aside another 570 million OP tokens for upcoming airdrops.

Since its establishment in 2021, the Optimism blockchain has amassed a total value locked (TVL) of $658 million, solidifying its position as the sixth-largest blockchain, as verified by DefiLlama.

Earlier this year, Optimism caught its users off guard with a second airdrop, resulting in an 11% decline in the price of OP due to the increased circulating supply.

However, this time around, the value of OP has demonstrated relative stability, showing only a slight 1.4% decrease in the past 24 hours. Meanwhile, trading volume has experienced a significant upswing, surging by 17% to reach $76 million.

Read more: Assessing PayPal's Stablecoin Aspirations: Insights from Tether's Co-Founder

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