How to Report Taxes on your Optimism L2 Transactions
Awaken makes reporting your crypto taxes on Optimism fast and hassle-free. Once you add your wallet address, we automatically pull in your entire transaction history — from swaps and transfers to NFTs and airdrops — so you can generate accurate tax reports in just a few clicks.
✅ Step-by-Step: Connecting Your Optimism Wallet to Awaken
To connect your Optimism wallet:
Navigate to the Accounts tab in your Awaken dashboard
Click Add Account
Search for Optimism
Select Add Wallet
Paste your public EVM wallet address (starts with 0x)
Awaken will scan and import all of your on-chain activity from Optimism — including DEX trades, yield farming, token bridges, NFT activity, and more.
📌 Reminder: Since Optimism uses EVM-compatible 0x addresses, connecting your wallet also allows Awaken to detect activity across other EVM chains you’ve used the same address on — including Ethereum, Arbitrum, Polygon, Base, BNB Chain, Avalanche, Blast, and HyperLiquid.
📄 Alternative Option: Upload a CSV File
Prefer to upload your Optimism data manually? Here's how:
Download a CSV of your Optimism transactions
The wallet you use for Optimism may have CSV support, or you can download a CSV from an Optimism block explorer.
Select your desired date range and export your transaction history as a CSV file
Follow this guide to properly format your CSV: 👉 How to Format Your CSV for Awaken Tax
Then return to Accounts > Add Account > Upload CSV and drag in your file
🔍 What Awaken Tracks on Optimism
Once your address is added, Awaken automatically identifies and categorizes:
On-chain swaps (e.g., Velodrome, Uniswap)
NFT purchases and transfers
Airdrops and incentive programs
DeFi earnings and staking activity
Wallet-to-wallet transfers
Bridged transactions to/from Ethereum and other networks
No spreadsheets, tagging, or guesswork required.
🌍 Tax Treatment of Optimism Activity
Depending on your country’s tax laws, your Optimism transactions may result in:
Capital gains from token or NFT trades
Taxable income from staking, farming, and airdrops
Deductible gas or bridge fees, where applicable
Awaken handles these calculations for you and generates country-specific reports. For a global breakdown of crypto tax rules, see: 📚 Global Crypto Tax Landscape 2025
🕵️ Does Optimism Report to the IRS?
No — Optimism is a decentralized, non-custodial Layer 2 blockchain. It does not collect personal information and does not report any data to the IRS or other tax agencies.
However, if you’ve transferred tokens between Optimism and centralized platforms (like Coinbase or Kraken), your wallet could be linked and traceable. To stay compliant, be sure to include all Optimism activity in your Awaken tax report.
Related Reading
🇺🇸 US Taxes 101
