Optimism Launches Fifth Airdrop, Distributing 10.3 Million OP Tokens to 54,000 Superchain Users

Optimism launched its fifth airdrop, distributing 10.3 million OP tokens (worth $16 million) to 54,700 user addresses. Eligible users were those who had interacted with at least 20 contracts on the Superchain during the period from March 15, 2024 to September 15, 2024. The Layer 2 network Optimism launched its fifth round of airdrops, distributing 10.3 million OP tokens (worth about $16 million) to 54,700 user addresses. The airdrop specifically rewarded users who interacted with the Superchain, which is a blockchain ecosystem developed using the OP Stack. It considered on-chain activity including OP Mainnet, Base, Zora, Mode, Metal, Fraxtal, Cyber, Mint, Swan, Redstone, Lisk, Derive, BOB, Xterio, Polynomial, Race, and Orderly. Wallets that interacted with at least 20 contracts on the Superchain between March 15, 2024 and September 15, 2024 were eligible for the airdrop. Users must claim the tokens by February 13, 2025. "Airdrop #5 rewards super users who have contributed to the growth of the Superchain ecosystem," Optimism wrote. There are also some additional eligibility requirements that can increase an individual user's allocation, such as delegating a minimum amount of OP or participating in seven chains on the Superchain. Through five airdrops, Optimism has distributed over 265 million OP tokens to date. Approximately 550 million OP tokens will be used for future distributions. Optimism's first airdrop occurred on May 31, 2022, followed by a second airdrop on February 8, 2023, and a third airdrop on September 13, 2023. The third airdrop distributed 19.4 million OP, then worth $26 million, to nearly 32,000 addresses that participated in Optimism Collective staking activities. A fourth airdrop was then conducted in February 2020. According to The Block's price page, the OP token has fallen 5% in the past 24 hours and was trading at $1.55 at the time of writing. OP has a circulating supply of 1.3 billion tokens and a market cap of $1.9 billion.