OP Token Falls After Surprise Optimism Airdrop

The airdrop comes as Optimism looks for an edge over its largest competitor, Arbitrum, another Ethereum ( $2,501.77 ) layer 2 albeit one without a token. Abritrum currently boasts more than double the amount of transacting wallets as Optimism, widening the gap between the two exchange’s transacting wallets over the past month.