How many Address held / dumped their $OP airdrop

• 58% of the recipients held on to their OP,

• 24% of airdrop recipients dumped most of their $OP airdrops (mre than 90%)

• 17.% of the held of their OP

Since Optimism has been releasing $OP airdrop on May this year, 150 K users has claimed said airdrop

The number of unique address claiming $OP has significantly been decreasing over time based on Log Scale

The number of address claimed for the past 14 days is 406 unique address

The amount of address claimed OP past 14 days ranges between 2 unique address to 50 unique address per day

About 160 M $OP token has been claimed since the airdrop began

For the past 14 days, 271 K $OP tokens has been claimed

The volume of OP claimed has been in downtrend corresponding to the decrease in address claiming the airdrop

The volume of $OP claimed for the past 14 days, ranges from about ~2K to 33K tokens per day

Volume $OP dumped

• Overall, Uniswap and Slingshot are the most frequented DEXs to dump their $OP airdrop.

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• The amount of $OP being dumped over time does not show any significant decrease.

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• For the past 14 days, there is sudden huge dump volume on Beethoven x on Nov 9th. Uniswap receives the most $OP volume for the past 14 days

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• Most Airdrop recipients frequented Uniswap to dump heir $OP airdrop. SLingshot and dodo are the second DEXs that are popular to trade their airdrops.

• On Nov 9th, there is te highest amount of address dumping their airdrop for the past 14 days.

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• It is reported 63 address trading their airdrop in a single day.

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• Uniswap has received 74,649 unique address that traded their $OP tokens within the past 14 days and 1.2 Million traders since the airdrop began

61% of the airdrop recipient has delegated their $OP token at least once, and 39% of the address never delegated their $OP

Most of the volume $OP that goes to delegates comes from first time delegators, which consists of about 90% of the total volume. Re delegations makes up the 2nd largest volume, followed by Self-delegations

Which Delegate are the most Popular ( among Airdrop Claimers)?

lindjxie.eth is the yields the most unique (first time) delegators among Airdrop Claimers. She`s the co-Founder of Scalar Capital and has held multiple portfolios in the crypto industry.

The 2nd most popular delegate is Quixotic. Quixotic is Optimism - based NFT Marketplace. It is essentially the Opensea of Optimism. The high delegator count for this address may suggest users are anticipating Quixotic Governance token airdrop for delegators. This is common move in the crypto ecosystem.

Number of Airdrop Recipients participating in Delegations

The number of address participating in $OP delegations decreases over time, which makes sense, since address can be first time delegators once only. However, more address are self delegating reported, despite lower volume delegation reported previously.

What is Optimism ?

Optimism is a Layer 2 Network for the Ethereum blockchain.

What are Layer 2s ?

Layer 2 are the secondary infrastructure made on top of a Main insfrastructure / Mainnet such as Ethereum. It act as a scaling solution that is able to support EThereum Dapps. This infrastructure runs computation off-chain while submitting transaction data on-chain. This facilitates more transaction activity on EThereum by reducing transaction processing speed and lowering gas fees.

What is an Airdrop?

An airdrop is a gift/reward in the form of Tokens/NFTs to certain address that meets certain requirements such as number of transaction activity on certain Dapp, numbers of NFT hold, participation with certain contracts on certain dates etc.

What is $OP Airdrop?

$OP tokens are airdropped to early Optimism users as a part of initiative to create a decentralized governed blockchain. $OP act as governance token to represent voting power for the Optimism DAO, that allows user to participate in voting and/or delegating the $OP tokens to delegates who represents them.