Layer 2 network Optimism airdropped 11.7 million tokens into over 300,000 wallets on February 9, increasing the circulating supply of OP tokens to 234.74 million.
Following the news, the OP token has dropped 13% over the past 24 hours to $2.33 at the time of writing. crypto slate data.
OP is one of the best performing digital assets to date, up over 200% since January 1st. That positive price performance took him to an all-time high (ATH) of $3.20 on February 3rd.
According to a February 9 statement, the purpose of the airdrop is to reward “participation in plus-sum governance and power users of the Optimism Mainnet.”
Scaling Solutions said the airdrop is part of a broader plan to distribute 19% of the initial governance token supply. has been distributed. This is about 5% of the initial governance his token supply.
Recent airdrop eligible users included users who spent $6.10 or more on gas after March 25, 2022, and users who delegated their OP token voting rights.
According to the dune analysis datathe average amount airdropped to users was $38.13, and the maximum amount was $10,462.
Meanwhile, L2 network transaction volume has hovered in the 160,000-200,000 range since dropping from ATH’s 800,000.
At press time, Optimism ranks 76th by market capitalization, with an OP price of under 10.97% Within the last 24 hours. OP’s market capitalization is $559.82 million 24 hours trading volume $493.87 million. Learn more >
At the time of press, the global cryptocurrency market is valued at $1.02 trillion at the 24-hour volume of $69.4 billionBitcoin dominance is now 41.42%. Learn more >