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Optimism (OP) looks to be on a good recovery path so far in the month of September. This is thanks to the increasing positive user sentiment around the Ethereum Layer 2 network.
Optimism has kicked off its third round of OP airdrops.
Optimism (CRYPTO: OP) has announced its latest community airdrop. The Layer 2 blockchain is distributing more than 19.4 million OP tokens, equivalent to $27 million, to its users.
Optimism has distributed a staggering $26M in its third Airdrop, reaching out to a remarkable 31,870 addresses.
Optimism, a layer-2 scaling solution for Ethereum, has announced its third round of token airdrop to reward its early adopters and supporters. The airdrop will distribute 19.4 million OPT tokens, worth about $26 million at the current market price.
Layer-2 network Optimism (OP) has begun distributing 19 million OP tokens, around $26 million, across over 31,000 distinct addresses as part of its third airdrop campaign, according to a Sept. 18 post on its official X (formerly Twitter) account.
Optimism airdropped the tokens on Monday, as part of the 19% of its total token supply dedicated to rewarding the collective's participants.
The Ethereum scaling protocol allocated $26.7 million in free coins to wallets that delegated their OP tokens to community votes and on-chain governance. Layer-2 network Optimism airdropped 19.
Optimism could target $1.50 or more ahead of the Fed decision, presenting a likely extra gain to bulls.
In a surprising move, Optimism (OP), Ethereum's second-largest Layer 2 scaling solution by Total Value Locked (TVL), has once again initiated an airdrop. Unlike its previous campaign in February 2023, this time, the OP token price remained unfazed by the distribution.
Optimism has announced that the remaining funds from its first airdrop will be distributed immediately to qualified addresses that have not yet claimed the airdrop.
Optimism (OP), the second largest Ethereum (ETH) L2 scaling solution by TVL, yet again launched a "surprising" airdrop. However, unlike in February 2023, the OP price failed to react to this campaign.
Optimism Governance has taken to Twitter to announce the direct allocation of the remaining unclaimed OP tokens from Airdrop #1 to eligible addresses.
Base was one of the top-performing L2 chain in terms of network fees over the past few days, comprehensively beating OP Mainnet and Arbitrum.
In the dynamic realm of cryptocurrencies, Optimism (OP) has emerged as a notable contender, with its recent price surging to $1.27. This development has captured the attention of both experienced traders and newcomers, all seeking a slice of the crypto pie.
The market caps of two leading Ethereum layer-2 tokens flipped during Monday's negative crypto price action.
There are two good reasons why this bargain-priced crypto could be ready to soar.
The digital currency ecosystem is deep in losses at the moment, while the combined digital currency market capitalization is down by 1.04% to $1.02 trillion. Despite these losses, Optimism (OP), one of the most prominent Ethereum-based Layer-2 protocols, is leading the altcoin surge with its 5.31% growth to $1.33.
Optimism (OP) has been at the forefront of the blockchain industry with its incentive program, which recently led to the protocol's cumulative trading volume exceeding an impressive $3.8 billion. Analyst Ryan Holloway has shed light on the remarkable impact of Optimism's incentive program.
The use of incentives has resulted in a remarkable 23-fold increase in trading volume for the Optimism protocol. But it's not all good news for the network.
Optimism [OP] could rebound to the range-high if bulls defend the range-low. Sellers could take over again if BTC remains muted.
Whales buying the dip could be geared toward the long term rather than the token's short-term performance. However, longs should be lurking.
In a strategic move to bolster its market presence, USD Coin (USDC) has launched natively on both the Base and Optimism networks. The announcement came on September 5, marking a significant milestone for Circle, the company behind USDC, seeking to regain market share lost to competitors like Tether (USDT).
The Boston-based stablecoin issuer previously unveiled a plan to roll out USDC on six blockchain networks, including Polygon PoS. Users of Base, a Coinbase-incubated decentralized network, can now access native USDC and USDC liquidity on the layer-2 blockchain.
