OP – the governance token of Ethereum layer 2 scaling solution Optimism – surged by more than 30% over the past 24 hours from $2.23 to $2.92, hitting a fresh all-time high. The price action comes afte...
Tag: Optimisms
Assessing the effect of Optimism’s ‘NFT Quests’ on OP holders
Optimism NFT quests drive growth, usage, and volume. Despite the growth, Optimism lags behind in TVL when compared to Arbitrum. Optimism, a DeFi protocol, saw a significant increase in activity due to...
Is Optimism’s soaring market cap masking these troubling signals
Declining active users and transactions on Optimism could affect its future success. High fees and lack of interest in the native token could contribute to the decline in active users. Based on data p...
OP holders are pocket full of Optimisms– Prices bloom pre-spring
The prices rose by more than 27% in the last 24 hours. The volume increased by about 160%. The Optimism Labs launched Bedrock. Optimism Labs plans to make major upgrades to the network to remain in th...
Will Optimism’s [OP] upgrades be enough to sustain the L2 race? Analyzing…
Optimism’s TVL lagged behind Arbitrum despite upgrades to protocol. Synthetix adoption drove transaction growth on Optimism, but daily active address suggested a decline in overall activity. Despite O...
Optimism’s transaction count reaches a new high, but what does it mean for OP
The number of transactions on Optimism reached an all-time high. Fees generated increased along with the price of the token. Despite volatile market conditions, the number of transactions on L2 platfo...
The how and why and what next of Optimism’s NFT marketplace packing up
Quix announces plans to cease operations in two months OP remained unfazed as its price rallied with the rest of the market On 23 November, Quix, the largest NFT marketplace on Optimism, announced its...
Assessing Optimism’s performance before and after ‘Optimism Quests’
For improved accessibility of its scaling solutions, Optimism on 20 September launched the “Optimism Quests.” Put simply, the initiative is to reward Optimism users with NFTs when they learn about pop...
Arbitrum’s organic activity v. Optimism’s incentivized usage – The winner is…
Ethereum layer 2 blockchain solutions, Arbitrum and Optimism, have both played a huge role in solving ETH’s scalability issues. However, the war between the networks is waging on, one showcasing some ...
Will Uniswap and Optimism’s Massive Crypto Rallies Continue? Santiment Analyzes Top Ethereum Altcoins
Analytics platform Santiment is looking at two crypto assets recording triple-digit percent increases over a relatively short period of time. Starting with decentralized finance (DeFi) platform UniSwa...
Optimism’s Quixotic Hacked, Promises to Reimburse All Affected Users
Quixotic – an NFT marketplace that runs on Optimism – revealed that wrongdoers breached its security and drained ERC-20 tokens. The organization assured that users with stolen assets will be reimburse...
How Ankr Integrates as Optimism’s Public RPC Endpoint To Boost Capacity
Optimism has become of great interest to many cryptocurrency users, primarily due to the recent token airdrop. However, the Layer-2 scaling solution also helps advance the Ethereum network. Ankr’...
Decoding Optimism’s 36% crash and what went on behind the scenes
Just days after its launch, the Optimism’s native token, OP faced its first major hit over a $20 million mistake. The Optimism Foundation ‘accidentally’ transferred 20 million OP tokens to the wrong m...
Vitalik shows support for Optimism’s governance structure
The Ethereum co-founder has often advocated for projects to move away from coin voting in DeFi Vitalik also supports OP gas proposal DeFi and DeGov will enable smaller holders to participate in govern...
Vitalik shows support for Optimism’s governance structure and OP gas proposal
Ethereum co-founder Vitalik Buterin has shown support for Optimism’s new governance structure, noting that proposals such as using the OP token for gas fees shows “explicit representation of non-token...
Optimism’s OP Governance Token Goes Live With Airdrop To 249K Wallets
Optimism’s highly anticipated OP token has finally gone live with the launch of its airdrop, which will see nearly 249,000 wallets of early Optimism and select Ethereum users eligible to claim the tok...
Optimism’s governance token OP officially goes live
The governance token for the rollup-based Layer 2 network Optimism has gone live. The token is set to shift Optimism’s structure by fueling The Optimism Collective, a bicameral governance system for ...
Mapping Out Optimism’s Ecosystem
May 17, 2022, 1:45PM EDT • 18 min read Quick Take Founded in 2019 by Karl Floersch, Jinglan Wang, and Ben Jones, Optimism is a layer-2 Ethereum scaling solution utilizing optimistic rollups In April 2...
3 Reasons for Optimism’s Slow Development
Ethereum is now the undisputed king of chains, but its transaction congestion and high fees make it nearly impossible to use. In response, Layer 2 projects have become one of the fastest-growing areas...