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Worldcoin, the decentralized ID and wallet protocol, has migrated its operations to Optimism, an Ethereum L2 scaling layer. With this move, Worldcoin aims to prepare for its future launch, taking advantage of the scalability features that its deployment on Optimism brings, including migrating user accounts and bringing Uniswap support to the World App.
Hackers have stolen over $23 million worth of crypto assets from hot wallets belonging to crypto payments service provider Alphapo.
Optimism is seeing an uptick in transaction volume after Worldcoin revealed plans to migrate to its mainnet. According to Etherscan data, the daily transaction count on Optimism Mainnet surpassed 600,000 twice in July.
OP has a clear lead as MATIC struggles to shrug off regulatory uncertainty. But both must deal with overhead roadblocks to reinforce extra bullish intent in Q3.
Optimism is moving forward with two proposals by O(1) Labs and RISC Zero to add zero-knowledge proofs to OP chains.
Sam Altman-founded Worldcoin has completed its migration to the Optimism ecosystem, with critical components such as the World ID and World App technology stack already migrated to the OP mainnet. The project announced the news on Twitter, adding that user migration is currently ongoing.
Optimism's further upside is at stake ahead of next week's Fed decision, following a key roadblock.
The layer 2 sector witnesses a tremendous surge in growth. Optimism observed a spike in activity as well, followed by a surge in price.
If you look at the information regarding Messari, Superchain has plans to enable atomic and trust-minimized cross-chain rollup communications hence managing to reduce the size of the attack surface and removing chain reorganizations. It will also reduce the costs by canceling out cross-chain consensus verification.
Optimism's new Superchain project could provide an edge to the protocol in layer 2 space.
Optimism (OP) has emerged as a promising solution to address the challenges faced by Ethereum, the second-largest cryptocurrency by market capitalization. Ethereum's scalability issues, including slow and costly transactions, have hindered its progress towards becoming a faster and more efficient platform.
An Ethereum (ETH) layer-2 chain incubated by Coinbase has just opened up its mainnet for builders ahead of a general launch in early August.
Optimism (OP), alongside major cryptocurrencies, has witnessed a remarkable surge in value amidst a wave of positive momentum sweeping through the broader crypto market. The recent victory of Ripple against the US Securities and Exchange Commission has sparked a sea of green, with investors expressing renewed confidence in the industry.
Aura Finance, has launched on Optimism, offering increased adoption and liquidity for partners such as stablecoin protocols, lending platforms, bridges, currency markets.
Near-term OP bulls faced headwinds on the lower time-frame. They could seek re-entry at the immediate support or after a $1.3 breakout.
Over $138 million in crypto tokens will be released into circulation in July, including Aptos (APT), ApeCoin (APE), Axie Infinity (AXS), and Optimism (OP), potentially increasing selling pressure.
Arcadia Finance, a DeFi platform, has fallen victim to a hacking incident, further highlighting the ongoing security challenges faced by the crypto industry. PeckShield Alert, a security firm, reported on Twitter that a hacker exploited a vulnerability in Arcadia Finance's code, resulting in the theft of $455,000 worth of funds from the platform.
A new crypto hack was discovered today: this time the DeFi Arcadia Finance protocol on the Ethereum and Optimism chains was successfully attacked.
The Public Goods Network from Gitcoin promises to redirect most net sequencer fees into public goods, instead of giving them to token holders or developers.
Optimism (OP), a prominent Layer 2 network, is experiencing a noticeable decline in network activity as the hype surrounding meme coins takes a dip. Once bustling with vibrant transactions and a fervent community, Optimism now faces a subdued atmosphere as users shift their attention away from these speculative assets.
The fall in memecoin hype has led to a decline in network activity on Layer 2 network Optimism.
Optimism, Aptos and ApeCoin are set for significant token unlocks this month, releasing more than a combined $100 million worth of tokens.
The Optimism network witnessed some growth over the last 30 days, however, OP failed to share the enthusiasm of the network. Additionally, OP's current state would need more than just investor confidence to step out of its slumber.
Bitcoin (CRYPTO: BTC) traded lower, but the cryptocurrency prices remaining below the key $31,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $1,900 mark this morning.
