The Layer 2 blockchain is distributing more than 19.4 million OP tokens, equivalent to $27 million, to its users.
This airdrop reached over 31,000 distinct addresses, with the criteria for eligibility being the delegation of OP holdings for governance voting participation.
As the digital asset space continues to evolve, events like these will likely be a topic of discussion at the upcoming Benzinga's Future of Digital Assets conference on Nov. 14.
Additionally, there's a provision for the distribution of another 570 million OP tokens in upcoming airdrops.
Since its inception in 2021, Optimism has seen significant growth, amassing a total value locked (TVL) of $658 million, positioning it as the sixth dominant blockchain as per DefiLlama's rankings.
Notably, earlier this year, an unexpected second airdrop by Optimism led to an 11% decline in OP's price due to the surge in its circulating supply.