Original article by: Vishal Chawla

Original title: Optimism rolls out fifth airdrop, allocates 10.3 million OP tokens to 54,000 Superchain users

Original source: The Block

Compiled by: Koala, Mars Finance

Optimism launched its fifth airdrop, distributing 10.3 million OP tokens (worth $16 million) to 54,700 user addresses.

Eligible users are those who have interacted with at least 20 contracts on the Hyperchain between March 15 and September 15, 2024.

Layer 2 network Optimism launched its fifth airdrop, distributing 10.3 million OP tokens (worth about $16 million) to 54,700 user addresses.

The airdrop specifically rewards users who interact with Superchain, a blockchain ecosystem developed using OP Stack.

Activity on chains including OP Mainnet, Base, Zora, Mode, Metal, Fraxtal, Cyber, Mint, Swan, Redstone, Lisk, Derive, BOB, Xterio, Polynomial, Race, and Orderly was taken into account.

The airdrop will be available to wallets that have interacted with at least 20 contracts on the Hyperchain between March 15 and September 15, 2024. Users must claim the tokens by February 13, 2025.

“Airdrop#5rewards superusers who contribute to the growth of the Superchain ecosystem,” Optimism wrote.

There are also some reward eligibility requirements that can increase individual users’ allocations, such as delegating a minimum number of OPs or participating in seven chains on the hyperchain.

Through five airdrops, Optimism has distributed over 265 million OP tokens to date. Approximately 550 million OP tokens are slated for future distributions.

Optimism's first airdrop took place 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 OPs, worth $26 million at the time, to nearly 32,000 addresses participating in the Optimism Collective delegation campaign. This was followed by a fourth airdrop in February 2020.

According to The Block’s price page, OP tokens are changing hands at $1.55 at the time of writing, after falling 5% over the past 24 hours. OP has a circulating supply of 1.3 billion tokens and a market cap of $1.9 billion.