Cryptocurrency News
As of October 14, 2024, Base now dominates Layer 2 (L2) transactions, accounting for 67.6% of total activity. Arbitrum follows with 22.6%, and Optimism holds 9.7%, according to data from IntoTheBlock. This shift in transaction shares marks a significant change in the L2 landscape compared to a year ago. Back […]
The gap between Layer 2 networks is widening, with Base now recording nearly 40% more daily active addresses than both Arbitrum and Optimism combined. As of August 2024, Base has solidified its position as a key player in the Layer 2 space, drawing significant attention from the crypto community. The […]
The Ethereum layer 2 blockchain, Optimism, has been facing bearish trends across all timeframes for its $OP token, as highlighted by Coinmarketcap data. Amidst price volatility and market uncertainty, OP trading volume spiked by over 70%. A recent report from Spotonchain revealed that a whale sold 2.095 million $OP tokens […]
Amidst a flurry of activity, Optimism OP, the leading Layer2 project, has experienced a remarkable uptick, with its total addresses surging by 22% over the past week. One notable event in this surge was the significant purchase made by Whale 0x8b9, who invested 2,000 ETH (equivalent to $5.99 million) to […]
Optimism, a Layer 2 network, is experiencing a significant uptick in user activity, with its Mainnet consistently boasting over 60% of the daily active addresses among the top optimistic rollups. This surge in activity marks a pivotal moment in the adoption and utilization of layer 2 scaling solutions within the […]
As of 2024, Optimism stands out as the top performer in the layer 2 space, boasting the highest total active addresses compared to other layer 2 platforms. The growth rate of Optimism addresses surpasses its counterparts, positioning it as a frontrunner in the evolving landscape of layer 2 solutions. Optimism […]
Optimism, OP saw a relief in the last couple of days following a slight recovery across the crypto space. It remains bearish on the daily chart as more selling lurks around the corner. Down 4% in the last 7 days. Following a steady drop for almost two weeks, OP found support […]
The $OP token, associated with Optimism’s OP Stack technology, has witnessed a substantial uptick in value, propelled by the robust adoption of its Layer2 solutions by key projects in the crypto space. Investors holding $OP have ample reasons to remain optimistic, with over 936,000 addresses currently #InTheMoney as the platform’s […]
Optimism has experienced a significant surge, reaching an 8-month high at $2.188, following Kraken’s announcement of Tether $USDT deposits and withdrawals now being available on Optimism through their platform. 👀 Kraken unleashing USDT on OP Mainnet https://t.co/CoJAkzZhRd — Optimism (✨🔴_🔴✨) (@optimismFND) December 7, 2023 The native governance token for Optimism, […]
Base is a Layer 2 (L2) network built on Ethereum. It uses a rollup technology called Optimistic Rollups to scale Ethereum by processing transactions off-chain and then batching them and submitting them to the Ethereum mainchain. This allows Base to offer cheaper and faster transactions than Ethereum mainnet. Base Overtakes […]