OP Airdrop (Redux)

    Introduction

    Optimism Airdrop

    Optimism is a Layer 2 scaling solution for Ethereum that can support all of Ethereum’s Dapps. Instead of running all computation and data on the Ethereum network, Optimism puts all transaction data on-chain and runs computation off-chain, increasing Ethereum’s transactions per second and decreasing transaction fees.

    Optimism has announced the launch of their governance token “OP” and confirmed to airdrop 19% of the total supply to early and future Optimism users. Optimism Users, Repeat Optimism Users, DAO Voters, Multisig Signers, Gitcoin Donors and Users Priced Out of Ethereum by the snapshot date are eligible to claim the airdrop. The snapshot of the addresses was taken on March 25th, 2022 at 0:00 UTC.

    Eligible users are:

    • Optimism Users: Users who’ve bridged to Optimism from L1 during the early phases of mainnet (before Jun 23, 2021), or used Optimism for more than 1 day (at least 24 hours between their first and last transaction) and made a transaction using an app (after to Jun 23, 2021).
    • Repeat Optimism Users: Users who’re already eligible for the airdrop as “Optimism Users” and made at least 1 transaction with an Optimism application across four distinct weeks.
    • DAO Voters: Address has either voted on or authored at least one proposal on-chain, or at least two on Snapshot (off-chain).
    • Multi-Sig Signers: Address is a current signer on a Multi-Sig which has executed at least 10 transactions all-time. Multisig Wallets Include Gnosis Safe v0.1.0-1.3.0, MultiSigWithDailyLimit, MultiSigWalletWithTimeLock, and addresses in Etherscan’s ‘Multisig’ label which had a function to get owner addresses.
    • Gitcoin Donors: Address has made an on-chain donation through Gitcoin. This includes any donation, regardless of if it was during a matching round.
    • Users Priced Out of Ethereum: Address bridged to another chain, but still made an app transaction on Ethereum each month after they bridged, and transacted at an average rate of at least 2 per week since then. Bridges included top L1s by TVL: Terra, BSC, Fantom, Avalanche, Solana, Polygon; and general-purpose L2s: Arbtirum, Optimism, Metis, Boba.
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    Methodology

    In this dashboard, we analyze the status of optimism airdrop tokens using Optimism and Ethereum database tables that are available on Flipside.

    Technical:

    > Optimism and Ethereum Tables: > optimism.core.fact_event_logs > optimism.core.fact_hourly_token_prices > ethereum.core.fact_hourly_token_prices

    Analysis

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    Findings

    In the pie charts, we can see the state of Optimism's Claimed and Unclaimed Airdrop based on the number of wallets and the amount of Optimism tokens.

    150,886 wallets have claimed 159.9 million Optimism tokens. A total of 97813 wallets have not yet claimed the Optimism Token. The volume of 54.8 million Optimism unclaimed Tokens remains.

    Findings

    In the graphs of this section, we can see the number and volume of Optimism token claims and the number of claimers, the percentage of Optimism token claim volume on a daily basis. The highest number of claims is on the second day of airdrop, June 1, 2022. More than 73 thousand claim requests with a volume of 67.8 million Optimism tokens have been processed on the Optimism network.

    In the chart, we can see that from May 31 to June 9, almost more than a thousand user claimed the Optimism token.

    From May 31 to November 12, 2022, 156.9 million Optimism tokens have been claimed.

    Findings

    In the chart, we can see that more than 26,000 users have held a part of their Optimism tokens, and 87,534 users have held all of their Optimism tokens, and 36,824 users have sold all of their Optimism tokens.

    Lindajxie.eth has been given 1.2 million airdropped Optimism Tokens.

    Findings

    In the chart on the left, we can see the price of Bitcoin, Ethereum and Optimism from June to November 2022. The chart clearly shows that there is a direct relationship between the price of Ethereum and optimism. The higher the price of Ethereum, the higher the price of the Optimism token.

    Conclusion

    In this dashboard, using Optimism and Ethereum database tables, we analyzed the status of Optimism network airdrop tokens.

    Total Number of Eligible Users for Airdrops: 248.7k

    Total Amount of Airdropped OP Token: 214.7M

    150,886 wallets have claimed 159.9 million Optimism tokens.

    A total of 97813 wallets have not yet claimed the Optimism Token.

    The volume of 54.8 million Optimism unclaimed Tokens remains.

    The highest number of claims is on the second day of airdrop, June 1, 2022. More than 73 thousand claim requests with a volume of 67.8 million Optimism tokens have been processed on the Optimism network.

    26,000 users have held a part of their Optimism tokens, and 87,534 users have held all of their Optimism tokens, and 36,824 users have sold all of their Optimism tokens.

    Lindajxie.eth has been given 1.2 million airdropped Optimism Tokens.