Optimism New Users After Airdrop Round 2

    Introduction

    This analysis focuses on new users who joined the Optimism chain following the second round of the Optimism Airdrop. After an Airdrop, new platforms or chains often face challenges regarding their future, but Optimism seems to have solved this problem for now.

    They aimed to distribute 19% of their supply to users, with 5% airdropped during the first round and 3% during the second. This leaves 11% for future Airdrop rounds, the eligibility criteria for which are unknown.

    This dashboard tracks the activities of ONLY NEW USERS who joined after the second Airdrop round to determine how activities have changed since the Optimism Airdrop and to assess the success of Optimism.

    What is Optimism?

    Optimism is a layer 2 scaling solution that utilizes Optimistic rollups technology to group large amounts of transaction data into manageable batches. Compared to Ethereum, Optimism is a more affordable option and is gaining popularity alongside other layer 2s like Arbitrum.

    The governance of Optimism is supported by its namesake token, OP. In late May 2022 and February 2023, some of the OP supply was distributed via airdrops to early users of the platform.

    Method

    As we don't have direct access to the wallet creation date, I opted to use the date of each user's first transaction as a proxy for wallet creation. I extracted transaction data from the relevant table for new users and their transactions to accomplish this.

    I also extracted generated volume data from the ETH transfer and EZ transfer tables for new users. These findings were then joined with the DIM label table to determine activities and platforms.

    Overview ( New Users )
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