1inch Network Announces Airdrop for Optimism Users, Then Retracts Last Minute
1inch Network recently announced an airdrop of 300,000 OP tokens for users on the Optimism network, but it turns out this was just a "false alarm."
Yesterday, the DEX platform 1inch declared that it would airdrop tokens to users who had executed swaps via 1inch on Optimism—a popular Ethereum layer-2 scaling solution. However, the project has since backtracked, and the announcement can no longer be found.
Originally, the plan was to distribute tokens evenly to wallets that had performed swaps through 1inch on the Optimism network as of September 1. This excluded wallets involved in Sybil attacks—where an individual creates multiple accounts, nodes, or wallets to gain undue influence over a network. Ultimately, the airdrop will occur at a later date, not today.
1inch Network co-founder Sergej Kunz previously stated:
"Optimism is one of the most effective and popular layer-2 solutions. Since 1inch expanded to Optimism, we have seen significant activity on the network, and this reward serves as an additional incentive for users to engage with 1inch on Optimism."
1inch expanded to Optimism in August 2021 to reduce fees and increase transaction throughput. According to 1inch, out of more than 45,000 wallets that have used Optimism, 28,600 have prioritized this blockchain—indicating that most users prefer transacting on this network.
Optimism maintains Ethereum's security while reducing costs and latency by batching transaction confirmations off-chain. The layer-2 solution currently holds over $900 million in TVL, with transaction volumes steadily increasing since the beginning of the year.
Total Value Locked (TVL) Fluctuations on Optimism
Source: DeFi Llama
