Ad
Network at Layer 2 On February 9, optimism airdropped 11.7 million tokens to more than 300,000 wallets, bringing the total number of OP tokens in circulation to 234.74 million.
As a result of the revelation, the OP token dropped 13% in the previous 24 hours to $2.33 as of the time of this writing, according to statistics from CryptoSlate.
OP has increased by more than 200% since January 1 and is one of the best-performing digital assets year to date.
The airdrop of optimism
The airdrop, according to the scaling solution, was a part of a larger strategy to disperse 19% of its initial supply of governance tokens. In May 2022, it conducted its first airdrop, giving out more than 200 million tokens, or around 5% of the total supply of its governance tokens.
All users who have spent more than $6.10 on petrol since March were eligible for the most recent airdrop.
The average amount airdropped to Dune analytics users was $38.13, while the highest amount was $10,462.
The L2 network’s transaction volume has fluctuated between 160,000 and 200,000 after dropping from an ATH of 800,000.
Optimism is now ranked #76 by market value, and the OP price has dropped 10.97% over the previous day. With a $493.87 million 24-hour trading volume, OP has a market value of $559.82 million. Find out more Optimism $2.38 -10.97% TradingView’s OPUSD Chart On-Chain Analysis of Optimism market overview At the time of publication, the market for cryptocurrencies was worth $1.02 trillion and had a 24-hour volume of $69.4 billion.