1inch Network to Distribute 300,000 Optimism Tokens

Reading Time: < 1 minute

DeFi project 1inch Network plans to distribute 300,000 OP tokens among its users.

According to project representatives, the tokens will be equally distributed among 3,782 wallets, active users of 1inch Wallet. Wallet selection decisions are final and non-negotiable.

1inch Network expanded to Optimism in August last year. As of last month, more than 45,000 wallets were using the 1inch protocols on Optimism. 28,600 of them had Optimism as their priority network.

In Optimism’s L2 network, transaction validations are aggregated off-chain, which reduces processing and transaction costs for decentralized applications.