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

Optimism (CRYPTO: OP) has announced its latest community airdrop.

The Layer 2 blockchain is distributing more than 19.4 million OP tokens, equivalent to $27 million, to its users.

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

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As the digital asset space continues to evolve, events like these will likely be a topic of discussion at the upcoming Benzinga’s Future of Digital Assets conference on Nov. 14.

Additionally, there’s a provision for the distribution of another 570 million OP tokens in upcoming airdrops.

Since its inception in 2021, Optimism has seen significant growth, amassing a total value locked (TVL) of $658 million, positioning it as the sixth dominant blockchain as per DefiLlama’s rankings.

Notably, earlier this year, an unexpected second airdrop by Optimism led to an 11% decline in OP’s price due to the surge in its circulating supply.

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Image: Optimism