OP token is the native governance token of one of the most significant scaling solutions on the Ethereum network. It is also the first token to adopt Rollup technology. OP tokens are mainly used to participate in the governance of the Optimism protocol and determine the development direction and changes of the platform. On June 1, 2022, Optimism conducted an airdrop of OP tokens, sending free tokens to 249,000 eligible addresses to reward early users and other participants in the Ethereum ecosystem, including DAO voters, multi-sig and Ethereum cross-chain bridge users. Users can confirm whether they are eligible to participate in the airdrop by connecting their MetaMask wallet to the official website.
The OP token has been performing extremely well recently, rising as much as 227% since the beginning of 2023. This number is particularly striking in the context of Ethereum’s 135% rise. Currently, the total market value of Optimism token OP reaches US$13 billion, which is comparable to Solana.
With a strong technical foundation and clear goals, OP is well-positioned for the upcoming altcoin season. The current decline provides an attractive entry point for those interested in investing in innovative cryptocurrency solutions.
