Optimism

L2 · Ethereum

The Ethereum L2 pioneer that built the 'repeat airdrop' culture

Participation

Not currently open

Token

Live · $OP

Potential

Total funding

$179M

Major VCs

Last verified

2026-08-03

Potential is AirdropAgent's editorial assessment and does not confirm an official distribution.

Tasks

—

Check the official website and X account for currently available actions.

Check the official site

Funding & investors

Round

Series A

Lead

Andreessen Horowitz (a16z crypto)

Investors

Andreessen Horowitz (a16z crypto)

Round

Series B

Lead

Paradigm

Investors

Paradigm

Overview

Optimism is an Ethereum Optimistic Rollup L2 and the base layer for the OP Stack. $OP had its TGE in May 2022 and now trades around $0.088 with a market cap of about $201.5M. It raised roughly $178.5M in a Series B co-led by a16z and Paradigm. The project has since shifted its focus toward OP Enterprise for exchanges and fintechs.

Analysis

Optimism is one of the longest-running Ethereum L2s and has undergone multiple audits, including OpenZeppelin, Trail of Bits, and Code4rena. $OP has been trading since 2022 and is down roughly 98% from its ATH of $4.84. It previously gained recognition through RetroPGF, a retroactive public-goods funding program, but has recently pivoted toward the enterprise-focused OP Enterprise business for exchanges and fintechs. There is no confirmed distribution program that a new user could join today to earn tokens. Full tokenomics details and the future of RetroPGF remain unconfirmed. There is currently nothing available to earn.

Token & distribution status

Market tracker$OP

View on CoinGecko

Price: $0.1304
24h change: -11.34%
Market cap: $300M
24h volume: $83M

Token: Live
Ticker: $OP
TGE: Not announced
Allocation: Published

Allocation

RetroPGF Round 3: recipients announced December 2023, distributing OP to public-goods contributors
850M OP: March 2024, earmarked for the evolution of Retro Funding
Retro Funding 2025: announced November 2024, run as a full-year 2025 cycle
Governance Season 8: began June 2025
Season 9 'From Experiment to Organization': announced January 2026, restructuring governance
No confirmed distribution announcement for new users recently
Distributed amounts, snapshot dates, and claim deadlines are unconfirmed

Tokenomics

Full supply and allocation details are unconfirmed, but the following is verified.

User Airdrops: 19.0%
Partner Fund: 5.4%
Full vesting completion: June 28, 2026
Token utility: gas fees, governance voting, and funding for RetroPGF

Security & risks

Verified security information

OpenZeppelin: started March 15, 2021, 7-week audit
Trail of Bits: September 2022
Code4rena: July 15–29, 2024
Sherlock: fault-proof audit (date unconfirmed)
Bug bounty: expanded to $2 million in June 2025
No confirmed major security incidents

Key risks

$OP is down roughly 98% from its ATH of $4.84
Vesting continues through June 28, 2026, creating ongoing supply dilution risk
No confirmed new distribution or farming program for retail users currently exists
The business has pivoted toward exchange- and fintech-facing OP Enterprise, shrinking retail-facing incentives
RetroPGF and Retro Funding target public-goods contributors, not necessarily general users

What's next

Season 9: announced January 2026, shifting governance 'from experiment to organization'
Post-Quantum Roadmap: announced January 2026, plans for post-quantum readiness
OP Enterprise expansion: ongoing partnerships with Upbit, Toss, and DB Securities
Continued work on Superchain interoperability

Visit the official site