Decentralized exchange aggregator 1inch announced an airdrop of 300,000 OP tokens to 1inch wallet users on Optimism Network, an Ethereum Layer 2 scaling solution.
OP tokens will be distributed evenly to all wallets swapped through the Optimism Network’s 1 inch wallet. However, wallets involved in Sybil attacks where attackers use multiple wallet addresses for malicious activity are not included in the distribution.
The Airdrop is scheduled for September 1st.
1 inch extension of Optimism
1 Inch was merged into Optimism in August 2021 with the aim of reducing transaction fees and increasing user throughput. Optimism has the potential to process up to 2,000 transactions per second (TPS), which is well beyond what Ethereum can handle.
1inch co-founder Sergej Kunz said in a statement:
Optimism is one of the most efficient and popular L2 solutions. Since 1inch expanded to Optimism, we have seen considerable activity in its network. provided as an additional incentive for
According to 1inch, over 45,000 wallets are using 1inch on Optimism, with 28,600 doing most of their transactions on the Optimism network.
Optimism’s layer 2 optimistic rollup scaling solution leverages the security of Ethereum while reducing transaction latency and costs. It is currently valued at over $900 million pegged, with a steady increase in trading in the first half of the year.