Try Quests to earn crypto$OP Airdrop (Redux)
It is evident that the majority of eligible users who received airdrops did so in the first several days. As of today, 150K people have claimed their airdrop, while the community has claimed 160M tokens.
Additionally, there are 249K people who are eligible for the airdrop, of whom 30% have not yet claimed it.
in addition to the 215M OP tokens that were given away to the community during the initial airdrop.
Approximately 74% of the OP tokens distributed to the community during the first round of airdrops have now been claimed. and over 60% of all eligible users have claimed their airdrop, whereas 40% of eligible users have not. (about 100,000 wallets!) Additionally, these two screenshots demonstrate that users with more tokens claimed their airdrops while those with fewer tokens did not (due to a 15% difference between claimers and OP).
Most eligible users claimed their airdrop in the first several days, according to the cumulative figures. The majority of eligible users for the airdrop grabbed between 500 and 1000 tokens, according to the pie chart, while the second group of users has between 250 and 500 tokens. and 25% of the tokens are reserved for users who have more tokens.
Approximately 140K airdrop claimants—or 92% of all claimers. around 23% of users delegate their tokens to their own wallets, compared to 68% of users who do the same for other users. and from the graph, we can infer that starting in November, the number of delegators rose everyday and that the cumulative delegator chart is on an upward trend.
About 74 percent of users in their first delegations delegate their tokens to other wallets and about 25% of users delegate to their own walets in their first delegations.
and also about 85% of all OP tokens are delegated to others and about 14% of all OP tokens are self delegated tokens.
The majority of users delegate their tokens after claiming them, and there are a lot of OP tokens that have been swapped.
Additionally, a small number of OP tokens are staked following claims, and some of them are utilized in NFT sections and some are used to increase liquidity.
Uniswap is the most used protocol for claimed airdrops, while Velodrome is the second most popular protocol.
and the Normalize chart demonstrate how top procedures are used over time, with GranaryFinance utilization rising over that same period for alleged airdrops.
The link between claimed Op and OP pricing in the early days of the airdrop was too high. However, this association eventually disappeared. since the majority of users used their tokens within the first day.
Additionally, there is a significant link between the price of OP and the USD volume of OP token swaps.
Background:
Earlier this year, Optimism offered an airdrop to users. Let’s examine the airdrop after a few months.
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How many users claimed optimism airdrop? How much of total airdrop was claimed? How many wallets are still holding tokens from airdrop? How much of users delegated their OPs?
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Feel free to provide any information that you think is related to token price.
Introduction:
Optimism is a fast, stable, and scalable L2 blockchain built by Ethereum developers, for Ethereum developers. Built as a minimal extension to existing Ethereum software, Optimism’s EVM-equivalent architecture scales your Ethereum apps without surprises. If it works on Ethereum, it works on Optimism at a fraction of the cost.[1]
Optimism is the second-largest Ethereum layer 2 with a total of $313 million locked into its smart contracts, as of this writing, according to Defi Llama. Arbitrum comes first with $1.32 billion.
Synthetix, a derivatives liquidity protocol, is the largest protocol on Optimism, with a total value locked (TVL) of $125 million. Uniswap, a decentralized exchange (DEX), is the second most popular protocol on the chain. As of this writing, there are 35 protocols on Optimism with at least $1,000 locked into their smart contracts.[2]
What is OP, Optimism’s token?
Optimism launched its OP token on May 31. A total of 231,000 addresses were eligible to claim 214 million OP tokens for free (known as an “airdrop”). That accounts for 5% of the total 4.29 billion supply, meaning 95% of the supply has yet to hit the market. You can track how many users claimed the first airdrop on this Dune Analytics dashboard.
The initial airdrop was met with “widespread frustration from the Optimism community” after some users claimed tokens early and then dumped those tokens. Optimism admitted there were mistakes and promised a retrospective in a series of tweets [2]
In this dashboard we will analyse the airdrop after a few months.
Method:
In this dashboard I used 4 sections for my analysis include:
1-Claim airdrop
2-Delegate tokens
3-Users activities and protocols
4-Correlations
In claim airdrop section I mentioned these analysis:
1-Number of users who claimed their airdrop by day
2-Amounts of OP airdrop claimed by day
3-Claimed VS Unclaimed OP token amounts
4-Claimers VS eligible users who dob't claimed their airdrop
5-Cumulative Claimed VS uncliamed OP tokens by day
6-Distribution of claimed OP tokens by number of users
\n In delegate tokens I showed these charts:
1-OP Token Daily Delegate by Amount
2-Total number of delegators by day
3-Distribution of delegators(self delegators VS delegate to others)
4-Distribution of delegating OP token(self delegators VS delegate to others)
5-Top 10 delegated addresses by number of delegators
6-Top 10 delegated addresses by OP amounts
\n In Users activities and protocols I used these analysis:
1-Users actions after claiming their airdrop
2-Users activities after claiming airdrop by days
3-Top 10 protocols that users used them after claiming their airdrop
4-Top 10 most used protocols by users after claiming the airdrop by day
\n And in the last part I showed some correlations include:
1-OP price VS OP claimed by day
2-Number of OP token swaps and OP price
3-OP airdrop claiming volatility % by week
4-USD amounts of OP swaps and OP price volatility by day \n \n
Conclusion:
1-The bulk of eligible customers who got airdrops, it is clear, did so in the first few days. As of right now, 150K persons have redeemed their airdrop, while 160M tokens have been claimed by the community.A further 249K persons are eligible for the airdrop, and just 30% of them have done so.the 215M OP tokens that were distributed to the community during the original airdrop.
2-The first round of airdrop gave out OP tokens to the community, and already 74% of those tokens have been claimed. About 40% of eligible users have not claimed their airdrop, compared to over 60% of all eligible users. Also, due to a 15% difference between claimers and OP, these two screenshots show that users with more tokens claimed their airdrops while those with fewer tokens did not.
3-According to the total statistics, the majority of eligible customers took use of their airdrop within the first few days. According to the pie chart, the majority of individuals who were eligible for the airdrop took between 500 and 1000 tokens, and the second group of users received between 250 and 500 tokens. moreover, individuals with more tokens are guaranteed 25% of the total supply.
4-In their first delegations, about 74% of users delegate their tokens to other wallets, while only 25% of users delegate to their own wallets.Additionally, 14% of all OP tokens are self-delegated, while 85% of all OP tokens are delegated to others.
5-For alleged airdrops, Uniswap is the most often used protocol, with Velodrome coming in second.and the Normalize chart show how top operations are utilized over time, with GranaryFinance usage increasing over that time for purported airdrops.
6-In the early stages of the airdrop, there was an excessive correlation between claimed Op and OP price. But ultimately, this connection vanished. because the vast majority of users used their tokens on day one.