The Ethereum Layer 2 network team, Optimism, distributed 10.3 million OP tokens (~$16 million) to 54,700 unique addresses in its fifth airdrop.

🔴 Use the Superchain, and reap the benefits 🔴

Today, @Optimism unveils Airdrop #5:

Onchain together, benefit together.

10M+ OP has been allocated to 54k+ unique addresses.

As of today, roughly 550M OP remains for future airdrops. pic.twitter.com/TCS1oSXKBs
— Optimism (@Optimism) October 9, 2024

This coin distribution was aimed at rewarding users of the Superchain ecosystem — a set of rollups built on the OP Stack infrastructure.

The distribution took into account activity on the OP Mainnet, Base, Zora, Mode, Metal, Fraxtal, Cyber, Mint, Swan, Redstone, Lisk, Derive, BOB, Xterio, Polynomial, Race, and Orderly networks.

Airdrop participants were wallets that interacted with 20 or more smart contracts within the Superchain ecosystem between March 15 and September 15, 2024.

Individual distributions were increased with bonuses for actions such as delegating OP or using seven protocols within the ecosystem.

The coins can be claimed until February 13, 2025.

Airdrop History

In total, over 265 million OP tokens have been distributed in five airdrops. Around 550 million OP tokens remain for future distributions.

The first drop occurred on May 31, 2022.

The second airdrop took place on February 9, 2023.

The third drop was on September 18, 2023.

The fourth distribution was on February 20, 2024.

Current Data on OP Token

Over the last 24 hours, the price of OP has decreased by 6%. As of the time of writing, the token is trading at $1.53. Compared to its historical high, the price is lower.