Optimism airdrop overwhelmed by all-time high demand: ‘Scaling is hard’

The airdrop is readily available to nearly 250,000 addresses. Eligibility for the airdrop is set for routine Ethereum users and early adopters of Optimism, as well as DAO voters, multisig signers, bridge users and bridge users.

RPC (Remote Procedure call) enables various applications such as MetaMask and Uniswap to communicate with Optimism or Ethereum. This seems a major problem that decreased OP transaction processing.

Currently, OP can be traded on lots of centralized exchanges like Coinbase, OKX and Gate.io.

” Sup sleuths – As you might have thought, OP Drop # 1 is now available. Although we have not yet formally announced, we are currently seeing an unmatched demand. We understood everyone would be delighted, #OPSummer was just too much for them all.

Users were racing to get complimentary tokens prior to the official announcement. The Optimism Team acknowledged that it was having trouble supporting the demand.

After Wednesdays highly anticipated launch, Ethereum layer-2 scaling option Optimism was overwhelmed by “all-time high” demand.

Wow, what a remarkable day. OP Drop # 1 was a disorderly launch that we eventually supported after 5 hours of non-stop working. Next week, well publish a comprehensive retrospective. We think in model and will release a comprehensive retrospective next week.
— Optimism (_) (@optimismPBC) June 1, 2022

Optimism announced on Twitter that it would utilize the lessons gained from the initial airdrop to use them to the second round. It will also release a “substantial retrospective next Wednesday” detailing the events.

As reported formerly in April, Optimism will airdrop the new OP governance token over numerous stages. This is alongside the launch a decentralized autonomous organisation (DAO), called “The Optimism Collective.”

( _) $OP AIRDROP LIVE 2 minutes back, $OP was claimable in @optimismPBC and tradable at a number of exchanges Thread. All you need to understand about this hyped launch Claim now:
— olimpio (@OlimpioCrypto) May 31, 2022

Twitter users such as OlimpioCrypto were the very first to alert their 35,400 fans that the airdrop was going live on Tuesday, hours before Optimism.

As the Optimism group raced behind the scenes to increase the networks capacity, users racing to collect their tokens were met with delayed or stopped working transactions.

According to Optimism status, the mainnet suffered a degraded performance for approximately 3 and a quarter hours. The group “provisioned more capability” in order to resolve the problem. Archive node performance is momentarily restricted until the network load subsides.

It specified that they are working to provision more capability ahead of our main statement, however the public RPC might react gradually in the interim.

Related: Layer-2 adoption might be the catalyst for the next crypto turning point

CoinGecko reports that OP was initially priced at $1.43, prior to increasing to $2.10, but it has because been up to $1.92, a 34% boost. Trading volume has actually reached $169 million as of the writing.
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Martin Koppelmann, cofounder of Ethereum Virtual Machine-compatible Blockchain Gnosis, discussed the drop. He specified that Optimism was one of the “leading” jobs tackling Ethereums scaling problems, but that this drop showed him that scaling is challenging.

According to Optimism status, the mainnet suffered a degraded performance for roughly 3 and a quarter hours. OP Drop # 1 was a chaotic launch that we ultimately stabilized after five hours of non-stop working.” Sup sleuths – As you might have thought, OP Drop # 1 is now available. We have not yet officially revealed, we are currently seeing an unmatched need. The fact that they are having scaling issues right now just shows how tough the problem is.

This was not meant to be a negative declaration about @optimismPBC. I in fact consider them to be one of the most important ones to take on scaling. The truth that they are having scaling issues right now only reveals how hard the problem is.
— Martin Koppelmann (@koeppelmann) May 31, 2022

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