Layer 2 Blockchain Optimism Airdrops $27M In OP Tokens: What Members Need To Know

Optimism (CRYPTO: OP) has introduced its newest group airdrop.

The Layer 2 blockchain is distributing greater than 19.4 million OP tokens, equal to $27 million, to its customers.

This airdrop reached over 31,000 distinct addresses, with the factors for eligibility being the delegation of OP holdings for governance voting participation.

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Because the digital asset area continues to evolve, occasions like these will seemingly be a subject of debate on the upcoming Benzinga’s Way forward for Digital Property convention on Nov. 14.

Moreover, there is a provision for the distribution of one other 570 million OP tokens in upcoming airdrops.

Since its inception in 2021, Optimism has seen important progress, amassing a complete worth locked (TVL) of $658 million, positioning it because the sixth dominant blockchain as per DefiLlama’s rankings.

Notably, earlier this yr, an sudden second airdrop by Optimism led to an 11% decline in OP’s worth as a result of surge in its circulating provide.

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Picture: Optimism