Fuel, a Layer 2 network built on top of Ethereum, has announced that airdrop claims for its native token will open on December 19, with ten percent of the total supply allocated to over 200,000 eligible wallets.
The deadline for airdrop claims will last one month. 28% of the airdrop allocation will go to Phase 1 pre-depositors, 20% to those who used the Fuel bridge, and 12.5% to “NFT insiders.”
Fuel claims to be the fastest and least expensive rollup on Ethereum. It features a transaction processing speed of up to 600 TPS at around $0.0002 per transaction. Fuel achieves this through parallelization, state minimization, and interoperability. For comparison, Arbitrum, TVL’s largest layer 2, has averaged 27.6 TPS in the last 24 hours, while Base is averaging around 90 TPS, according to data from L2BEAT.
The token will have a maximum supply of 10 billion and network users can still earn “points” for Fuel phase 2, which can eventually be converted to the FUEL token.
Fuel’s block explorer shows that it has processed 154,000 transactions in the last 24 hours and has 63 active decentralized applications (dapps).
