Optimism Token Surges 6.5% as Coinbase Builds Its Layer 2 on the Protocol
The optimism token (OP) has surged after Coinbase said that it is building its layer 2 blockchain on the OP Stack in collaboration with Optimism Original Source
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Optimism
Ether Staking Service Lido Granted 1M Optimism Tokens to Incentivize Wrapped Staked Ether Adoption
Lido and Optimism aim to increase the availability of wrapped staked ether (wstETH) with OP tokens through the new liquidity mining and user incentives program. Original Source
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OP Token Falls After Surprise Optimism Airdrop
The airdrop comes as Optimism looks for an edge over its largest competitor, Arbitrum, another Ethereum layer 2 albeit one without a token. Abritrum currently boasts more than double the amount of transacting wallets as Optimism, widening the gap between the two exchange’s transacting wallets over the past month. Source
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DeFi Lender Aave to Distribute Lido Staking Rewards on Arbitrum and Optimism
Ethereum staking is a way for ether investors to earn a reward by locking up their coins following the Merge event last year. Ethereum’s next major upgrade, expected to occur in March, is the “Shanghai hard fork,” which will allow participants on the network to unlock ether they had staked
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Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March – Technology Bitcoin News
The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhance compatibility with the Ethereum Virtual Machine (EVM). The Optimism Foundation stated in its proposal, “The Bedrock
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OP Token Surges 25% as Optimism Foundation Proposes ‘Bedrock’ Upgrade
"One of the big narratives of 2023 looks to be Layer 2's and the only way to get direct exposure to them right now is through the OP token," Conor Ryder, research analyst at Paris-based crypto data provider Kaiko, said. "TVL on Optimism has also outpaced Arbitrum, its closest competitor,
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How Arbitrum and Optimism Made Millions in 2022
Arbitrum and Optimism raked millions in profit despite the extended bear market that hammered decentralized finance (DeFi) activities and Ethereum (ETH) valuation in 2022. Arbitrum And Optimism Win Big Per on-chain data shared on Twitter, Arbitrum, and Optimism, general-purpose Ethereum layer-2 platforms, made 2,906 ETH and 2,086ETH, respectively. In USD terms, it translates
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Ethereum Layer 2 Network Optimism Sees Bump in Transactional Activity. Here's Why it Matters
Transactional activity can serve as a predictive indicator of forthcoming investor interest in any blockchain ecosystem. Original Source
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Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count – Defi Bitcoin News
Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for
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Optimism and Arbitrum flip Ethereum in combined transaction volume
Ethereum Layer-2 (L2) on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than the Ethereum network.Layer-2 networks Arbitrum and Optimism have seen an increase in transactions over the past three months. Comparatively, aside from a few spikes, transactions on the Ethereum
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