Decentralized exchange aggregator 1 Inch has announced that it will conduct an airdrop of 300,000 OP tokens for 1 Inch Wallet users on the Optimism Network, an Ethereum Layer 2 scaling solution.
OP tokens will be distributed equally among all wallets that have swapped through the 1-inch wallet on the Optimism network. However, the wallets involved in the Cibil attack, where an attacker uses multiple wallet addresses for malicious activities, will not be included in the distribution.
The airdrop is scheduled for September 1.
1-inch expansion on optimism
With the aim of reducing transaction fees and improving throughput for its users, 1 Inch became integrated on Optimism in August 2021. Optimism has the ability to process up to 2,000 transactions per second (TPS), which is far more than Ethereum.
1 Inch co-founder Sergej Kunz said in a statement:
“Optimism is one of the most efficient and popular L2 solutions. Ever since 1 inch has expanded into optimism, we have seen substantial activity on that network, and this reward is an added incentive for them to use 1 inch over optimism. will come as
According to 1 Inch, over 45,000 wallets have used 1 Inch on Optimism, of which 28,600 have done most of their transactions on the Optimism network.
Optimism’s Layer 2 Optimistic Rollup Scaling solution leverages Ethereum’s security while reducing transaction latency and costs. It is currently valued at over $900 million and the first half of the year has seen a steady increase in transactions.