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

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


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Optimism airdrop overwhelmed by all-time high demand ‘Scaling is hard’
Photo Credit: coincarp.com

Ethereum layer-2 scaling resolution Optimism has been overwhelmed with “all-time high inquire of” following the originate of its highly anticipated airdrop on Wednesday.

Customers racing to win their tokens were greeted with failed or delayed transactions because the Optimism crew raced within the background so to add the further ability to the network.

As beforehand reported in April, Optimism is airdropping the recent OP governance token — over plenty of phases — alongside the originate of a decentralized self-ample group (DAO) dubbed “The Optimism Collective.”

Nearly 250,000 addresses are in a situation to receive the airdrop, with the eligibility location for Optimism early adopters and usual Ethereum customers, similar to DAO voters, multi-sig signers, and bridge customers.

Consistent with Optimism Effect, the mainnet experienced degraded performance for roughly three and a half hours, with the crew “provisioning more ability” to solve the pain. In consequence, archive node performance remains swiftly diminutive until the network load subsides.

Optimism acknowledged on Twitter that it would clutch the lessons it learned from the key airdrop and note them to the 2nd spherical, whereas this could perchance also submit an “intensive retrospective next week” detailing what went down.

“Wow, what a day. OP Drop #1 had a turbulent originate which we lastly stabilized after more than 5 hours of non-discontinuance work.”

There are heaps of lessons we learned from this to note to Drop #2. We’ll be publishing an large retrospective next week.

Iteration is core to the Optimism ethos and we always strive to note at the novel time’s lessons to day after as of late’s concerns.

— Optimism (✨_✨) (@optimismPBC) June 1, 2022

Twitter customers, similar to OlimpioCrypto, were the key to mumble the airdrop going live earlier on Tuesday to their 35,400 followers, hours ahead of Optimism formally doing so.

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As it stands, OP is swiftly available for commerce on plenty of centralized exchanges similar to Coinbase, OKX, Bybit, Gate.io, MEXC Global, in conjunction with smartly-liked decentralized alternate Uniswap.


2 minutes ago, $OP turned claimable in @optimismPBC, and tradable on plenty of exchanges

Thread: all or no longer it is a must to know referring to the so hyped originate

Claim appropriate now:

— olimpio ⚡️ (@OlimpioCrypto) Will also 31, 2022

With customers racing to snap up free tokens ahead of the legitimate announcement, the Optimism crew acknowledged that its network used to be struggling to toughen the inquiry of:

“Sup sleuths—as that that you just can perchance possibly need guessed, OP Drop #1 launches at the novel time. Now we have NOT formally announced yet, but we’re already experiencing an all-time high inquire of. We knew all americans could perchance be infected, but holy cow—y’all upright couldn’t look ahead to #OPSummer.”

“We’re working to closely provision more ability ahead of our legitimate announcement—within the period in-between the public RPC could reply slowly,” it added.

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An RPC (Far off Course of Call) enables diversified capabilities, similar to MetaMask or Uniswap, to work in conjunction with Optimism and Ethereum and appears to be like to were a key pain that slowed down OP transactions.

Commenting on the fall, Martin Köppelmann, co-founding father of Ethereum Virtual Machine-appropriate blockchain Gnosis, acknowledged he thinks Optimism is one of the “main” tasks tackling Ethereum’s scaling points, but this fall highlighted the level that “scaling is involving.”

And this used to be absolutely no longer meant to sound negative in any formula towards @optimismPBC – moderately the reverse, I believe referring to the project as one amongst the main as soon as to deal with scaling and them working into scaling points appropriate now upright shows how involving the pain is.

— Martin Köppelmann (@koeppelmann) Will also 31, 2022

Consistent with CoinGecko, OP opened at $1.43 ahead of surging to $2.10; nonetheless, the worth has since dropped abet to roughly $1.92, marking an extension of roughly 34%. To this level, buying and selling volume has topped $169 million at the time of writing.

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