Optimism to distribute unclaimed funds from first airdrop

Quick Take

The Ethereum Layer 2 network Optimism recently announced that unclaimed funds from its first airdrop will be directly distributed to the remaining eligible addresses.

Optimism, one of the top Layer 2 networks on Ethereum, will distribute remainder of the funds from its first airdrop directly to the eligible addresses who have yet to claim the airdrop directly.

The airdrop, which commenced on June 1, 2022, had distributed 166 million of the nearly 215 million tokens reserved for the airdrop to addresses who claimed the airdrop before the announcement, according to blockchain data. About a quarter of eligible addresses did not claim the airdrop and will thus receive the direct distribution today, as announced by Optimism.

Optimism has committed to distributing 19% of its initial token supply through airdrops. Following its two airdrops so far, 13.73% of that initial supply remains, according to Optimism. Optimism has yet to announce a third airdrop.

Optimism is currently the second-largest L2 on Ethereum, as measured by Total Value Locked, according to The Block data.