1inch Network DeFi Web3

1inch Wallet users to be rewarded with OP tokens

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by 1inch Network

• 1 min read

OP tokens will be available to claim by the 1inch Wallet’s most active and regular users.

The 1inch Network is thrilled to announce that a total of 300,000 OP tokens will be distributed among the 1inch Wallet’s users in a move to incentivize their activity on the Optimism network.

The distribution will be made in a retrospective Merkle drop. The OP tokens will be equally distributed between 3,782 selected wallets of the 1inch Wallet’s most active and regular users, and are already available for claiming. For a detailed instruction on how to claim OP tokens on Optimism, please, head to the 1inch Help Center.

To check if your wallet was selected, switch to the Optimism network and click on the OP token balance icon. All decisions about wallet selection are final and non-negotiable. Those users whose wallets were not selected should not contact the 1inch Network’s support. Thanks for your understanding!

“Optimism is one of the most efficient and popular L2 solutions,” says Sergej Kunz, co-founder of 1inch Network. “Since 1inch expanded to Optimism, we have seen substantial activity on that network, and this reward will come as an extra incentive for them to use 1inch on Optimism.”

The 1inch Network expanded to Optimism in August 2021. As of August 2022, a total of just over 45,000 wallets used 1inch protocols on Optimism. Of that number, 28,600 wallets had Optimism as their priority network, meaning that they made the majority of their transactions on that blockchain.

Optimism is a Layer 2 Optimistic Rollup network aiming to utilize Ethereum’s strong security guarantees, while reducing its cost and latency. On Optimism, transaction verifications are bundled off-chain, reducing processing and transaction costs for decentralized applications within the network.

As of late August 2022, TVL on Optimism stood at just under 900 mln, according to DeFi Llama. The projects with the highest TVL are AAVE, Synthetix and Velodrome.

Stay tuned for more news and updates from the 1inch Network!

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