1 inch users on Optimism will receive an airdrop of 300,000 OP Tokens

DEX Aggregator and Automated Market Maker was first deployed on the Optimism mainnet in August 2021.

The 1-inch decentralized exchange aggregator rewards users with free tokens for participating in Optimism; a move the organization says will encourage further activity on Ethereum's Layer 2 scaling solution.

The exchange aggregator announced on Tuesday that it will also distribute 300,000 OP tokens among its most active wallets and regular users on Optimism via a retrospective drop from Merkle. 1inch said 3,782 wallets were selected for airdrop. The OP token is Optimism's native cryptocurrency allowing holders to participate in the network's multi-level governance system.

The current value of the OP token is $1.22, after gaining 5% on the day, according to CoinMarketCap. The governance token traded as low as $4.57 when it was first dropped in May, but has since faced extreme volatility due to underlying market conditions and so- saying dump dumpers. Optimism witnessed a surge in demand after the project announced its phased airdrop program.

1 inch rolled out to Optimism in August 2021, with co-founder Sergej Kunz touting faster transaction speeds following the integration. On Thursday, Kunz said 1inch's integration with Optimism has resulted in "substantial activity on the network."

As of August 2022, more than 45,000 wallets have interacted with 1-inch protocols on Optimism, the company said. Of this total, 28,600 wallets performed the majority of their transactions on the Layer 2 scaling solution.

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