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

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Ethereum layer-2 scaling resolution Optimism has been overwhelmed with “all-time excessive demand” following the launch of its extremely anticipated airdrop on Wednesday.

Customers racing to gather their tokens had been greeted with failed or delayed transactions because the Optimism group raced within the background so as to add extra capability to the community.

As beforehand reported in April, Optimism is airdropping the brand new OP governance token — over a number of phases — alongside the launch of a decentralized autonomous group (DAO) dubbed “The Optimism Collective.”

Practically 250,000 addresses are capable of obtain the airdrop, with the eligibility set for Optimism early adopters and common Ethereum customers, equivalent to DAO voters, multi-sig signers and bridge customers.

Based on Optimism Standing, the mainnet skilled degraded efficiency for roughly three and a half hours, with the group “provisioning extra capability” to resolve the difficulty. Consequently, archive node performance stays quickly restricted till the community load subsides.

Optimism said on Twitter that it will take the teachings it realized from the primary airdrop and apply them to the second spherical, whereas it should additionally publish an “intensive retrospective subsequent week” detailing what went down.

“Wow, what a day. OP Drop #1 had a turbulent launch which we lastly stabilized after greater than 5 hours of continuous work.”

Twitter customers, equivalent to OlimpioCrypto, had been the primary to announce the airdrop going reside earlier on Tuesday to their 35,400 followers, hours forward of Optimism formally doing so.

Because it stands, OP is obtainable for commerce on a number of centralized exchanges equivalent to Coinbase, OKX, Bybit, Gate.io, MEXC International, together with well-liked decentralized alternate Uniswap.

With customers racing to snap up free tokens earlier than the official announcement, the Optimism group acknowledged that its community was struggling to assist the demand:

“Sup sleuths—as you might need guessed, OP Drop #1 launches at this time. Now we have NOT formally introduced but, however we’re already experiencing an all-time excessive demand. We knew everybody can be excited, however holy cow—y’all simply couldn’t look ahead to #OPSummer.”

“We’re working to closely provision extra capability earlier than our official announcement—within the meantime the general public RPC could reply slowly,” it added.

An RPC (Distant Process Name) allows varied functions, equivalent to MetaMask or Uniswap, to work together with Optimism and Ethereum and seems to have been a key difficulty that slowed down OP transactions.

Associated: Layer-2 adoption may spur the subsequent crypto turning level

Commenting on the drop, Martin Köppelmann, co-founder of Ethereum Digital Machine-compatible blockchain Gnosis, said he thinks Optimism is among the “main” tasks tackling Ethereum’s scaling points, however this drop highlighted the purpose that “scaling is difficult.”

Based on CoinGecko, OP opened at $1.43 earlier than surging to $2.10; nonetheless, the value has since dropped again to roughly $1.92, marking a rise of roughly 34%. To this point, buying and selling quantity has topped $169 million on the time of writing.

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