Optimism has voted to repurpose 546.9 million OP tokens, previously earmarked for future airdrops, into an ecosystem growth fund. The project, which has already distributed 269.1 million OP across five rounds, said it does not plan any further free token distributions, shifting instead toward an institutional-focused approach. The protocol behind OP Mainnet and the OP Stack framework used by Base, Unichain, Kraken’s Ink, and Sony’s Soneium counts over 30 revenue-contributing blockchains. OP token trades around $0.09, up 11% in 24 hours but still more than 93% below its all-time high, valuing the 546.9 million tokens at roughly $50 million, nearly a quarter of its $211 million market capitalization.
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