The 5th OP token airdrop by Optimism will reward those who have continued to maintain activity in the project's Superchain ecosystem over the past 6 months.
Optimism announces Airdrop #5, allocating 10 million OP to users
On the evening of 09/10/2024, the layer-2 OP Mainnet (Optimism) announced the implementation of the 5th Airdrop event with a total value of 10 million OP (approximately $16 million).
🔴 Use the Superchain, and reap the benefits 🔴
— Optimism (@Optimism) October 9, 2024
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
The criteria for receiving this Airdrop are for those who have had interactions within the Superchain ecosystem of Optimism from March 15 to September 15, 2204, including DeFi applications, gaming, Web3 social networks, etc. on chains within the Superchain such as OP Mainnet, Base, Zora, Mode, Metal, Fraxtal, Cyber, Mint, Swan, Redstone, Lisk, Derive, BOB, Xterio, Polynomial, Race and Orderly.
Additionally, Optimism will also provide supplementary Airdrops to the group of users with active participation, meeting requirements such as delegating OP for governance activities, having over 10 transactions in 20 consecutive weeks, having at least 1 transaction on 7 Superchains, using the Superchain in the first week of launch, participating in NFT releases,...
In total, the 5th Airdrop of Optimism has allocated 10.3 million OP to 54,723 eligible wallet addresses.
The project also confirmed that Optimism's treasury still has 550 million OP (over $850 million) to serve for additional future Airdrops.
Optimism's previous Airdrops were as follows:
- Round 1 (May 2022): 214 million OP
- Round 2 (February 2023): 11.7 million OP - $28.5 million
- Round 3 (September 2023): 19.4 million OP - $26.5 million
- Round 4 (February 2024): 10.3 million OP - $40.8 million
It can be seen that the 5th Airdrop round has a similar amount of tokens distributed as the 4th round, but the USD value is 4 times lower, as a result of the deep price decline of the OP token since its peak in March this year. In addition, Optimism has also witnessed the rise of many competing Ethereum layer-2 solutions in 2024 such as ZKsync, Starknet, Base, Blast, etc., causing the layer-2 pie to be further divided.
However, OP Mainnet is still the second largest Ethereum layer-2 in terms of TVL, with a locked value of $5.8 billion.
Statistics of the top 10 Ethereum layer-2s by TVL. Source: L2Beat (10/10/2024)
The OP token price has decreased by 6% in the past few hours, following the overall adjustment of the cryptocurrency market on the morning of 10/10/2024.
1-hour chart of the OP/USDT pair on the Binance exchange at 09:00 AM on 10/10/2024
Compiled by Coin68
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