$OP Airdrop

    Earlier this summer, Optimism offered an airdrop to users. Let’s examine the airdrop after a few months. 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? Feel free to provide any information that you think is related to token price.

    Conclusion

    • Out of total 248.6K wallets eligible for airdrop, only 149K wallets have claimed the airdrop so far, i.e only 59.9% of wallets.
    • Overall 137K wallets have delegated their $OP tokens , which is a total of 92% of wallets that claimed the Airdrop.

    How much of users delegated their OPs?

    • Overall 137K wallets have delegated their $OP tokens.
    • Out of the total 149K $OP Airdrop claimers, only 108K claimers have actually delegated their $OP tokens as well, which is a total of 72.4% of wallets.
    • Highest number of delegators were 92.3K delegators in the week of May 30, 2022.
    • We saw the highest number of delegate transactions i.e 104K in the week of May 30, 2022 as well.

    How many wallets are still holding tokens from airdrop?

    • Out of total 248.6K wallets eligible for airdrop, only 149K wallets have claimed the airdrop so far, i.e only 59.9% of wallets.
    • Out of these number the number of wallets that actually held > 1% of the OP tokens is 32K wallets.
    • Out of these wallets that actually held > 1% of the OP tokens and delegated those tokens is 28.6K wallets.

    Methodology

    • Find all $OP claim transactions from the OP Airdrop contract

          and from_address = '0xfedfaf1a10335448b7fa0268f56d2b44dbd357de' -- Airdrop Contract
          and origin_function_signature = '0x2e7ba6ef' -- Claim
          and contract_address = '0x4200000000000000000000000000000000000042' -- OP Token
      
    • We plot the claim metrics using these transactions.

    • To find the delegate transactions were filter on the Delegate function and the $OP token contract

            and origin_function_signature = '0x5c19a95c' -- Delegate
            and contract_address = '0x4200000000000000000000000000000000000042' -- OP Token
        	  and wallet is not null
      
    • For the Number of $OP holders, we take this SQL Query as base that finds the balance by looking at the OP transfers.

    • Once we have all the number we then plot various charts.

    How many users claimed optimism airdrop? How much of total airdrop was claimed?

    • Total of 149K users claimed 158.7M $OP tokens in 149K transactions.
    • The highest amount claimed was in the week of May 30, where 144M $OP tokens were claimed.
      • Since then only 14M $OP tokens have been claimed in the next 4 months.
    • The highest number of claimers were 131K in the week of May 30.
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