Optimism Quietly Rolls Out Third Community Airdrop

A further 570 million OP tokens have been allocated to future airdrops.

AccessTimeIconSep 19, 2023 at 12:41 p.m. UTC

Layer 2 blockchain Optimism has issued its third community airdrop, with users receiving a total of 19,411,313 OP tokens worth $27 million.

Over 31,000 unique addresses received the airdrop. Eligibility was determined by whether holders delegated their OP holdings to participate in governance votes.

A further 570 million OP tokens have been allocated to future airdrops.

Having launched in 2021, the Optimism blockchain has accumulated $658 million in total value locked (TVL) to make it the sixth largest blockchain, according to DefiLlama.

Optimism surprised holders with a second airdrop earlier this year, spurring an 11% slump in the price of OP as circulating supply increased.

OP has remained relatively unperturbed this time around – down by 1.4% over the past 24 hours with trading volume experiencing a 17% uptick to $76 million.

Edited by Stephen Alpher.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.