Hop Protocol Airdrops Over 20M Governance Tokens

The Hop Protocol airdrop is currently worth around $3.5 million with 37% of users claiming their tokens.

By Oliver Knight

Jun 10, 2022 at 10:04 a.m. UTC

Updated Jun 10, 2022 at 4:15 p.m. UTC

Hop airdrop distributed (Chris Briggs/Unsplash) — Hop airdrop distributed. (Chris Briggs/Unsplash)

Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

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Layer 2 bridge Hop protocol has distributed 20.5 million governance tokens (HOP) to its users in the form of an airdrop.

A total of 54.8 million tokens are available to be claimed by 145,329 eligible recipients, according to data from Dune Analytics.
Hop protocol currently supports Gnosis and Polygon as mainnet rollups but will soon offer support for Optimism and Arbitrum.
The airdropped token gives holders a say in the official Hop decentralized autonomous organization (DAO) and the project's future development.
At press time, HOP is trading at over 16 cents, with the majority of volume taking place on Uniswap, according to CoinGecko.
Hop follows the trend of airdrops for early adopters in decentralized finance (DeFi) since the turn of the year. Last week, Optimism launched its airdrop, which followed the likes of CowSwap and Connext.

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