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This week, we take a closer look at Ethereum, Ripple, Cardano, Optimism, and Pepe. Ethereum (ETH) The market leaders turned flat this past week, and ETH booked a modest 2.6% price increase.
Today's cryptocurrency market features Render Token (RNDR), Synthetix (SNX), Mask Network (MASK), Axie Infinity (AXS), Optimism (OP), and Lido DAO Token (LDO) as the top gainers. On the contrary, Pepecoin (PEPE), Conflux (CFX), Casper (CSPR), Ripple (XRP), Decentraland (MANA), and Toncoin (TON) are on the losing end.
Optimism is trading in the green today, with its trading volume up by over 54%. OP traded at $0.9231 on January 1, 2023, and peaked at $3.0294 on February 7, close to its all-time high value of $4.5692.
The Bedrock hard fork, proposed earlier this year and approved by the Optimism community in April, is supposed to bring a “new level of modularity, simplicity and Ethereum equivalence.”
The Bedrock upgrade will bring a 47% reduction in protocol costs and security fees to Optimism Mainnet.
Bedrock will improve the security and resilience of the Optimism bridge, among other things.
Optimism's Bedrock upgrade on June 6 brings reduced fees, improved security, and Ethereum compatibility, amidst rising competition from ZkEVM solutions.
Optimism, one of the most popular Ethereum layer-2 platforms, will release the Bedrock upgrade on June 6, 2023. Optimism Upgrading Via Bedrock In Early June The layer-2 provider on Ethereum says the release is “highly anticipated” by the community and will introduce some changes that make the protocol even more scalable, reducing transaction fees.
Optimism, a layer 2 scaling solution, is gearing up for its highly anticipated Bedrock upgrade on June 6, promising a range of improvements. The upgrade is expected to bring reduced transaction fees, enhanced network security, and better compatibility with Ethereum.
The much needed upgrade will provide a number of improvements across the network, and come at a time when competition in the Layer 2 space has been heating up.
Chainlink, an Oracle service provider, introduced Chainlink Automation on Layer-2 Optimism.
Optimism announces Bedrock upgrade for mainnet. Improves security, cuts fees, and maintains backward compatibility.
Optimism witnessed a surge in activity due to increasing interest in its NFTs. dApps continued to observe low activity as OP's price declined.
The cryptocurrency project founded by Sam Altman has decided to move its World App from Polygon to Optimism's OP mainnet as both entities deepen their collaboration.
Optimism, a Layer 2 scaling solution for the Ethereum network, has recently announced its integration of World ID and World App, the flagship products of Worldcoin, on its Mainnet.
Ethereum-based Layer 2 protocol Optimism (OP) is brandishing a metric that shows its relative dimming. According to data from IntoTheBlock, the total number of Optimism addresses in profit has slumped to just 29.27%.
Optimism will use the on-chain-proof protocol Ethereum Attestation Service (EAS) to promote a fairer OP distribution and community voting system on the blockchain.
The attestation service will allow any Optimism user to create digital sign-offs on all kinds of information involving the blockchain's activities and users.
Optimism (OP) whale investors are growing pessimistic following a recent $7 million hack. Here's how it could impact Optimism price
Bitcoin has rallied 73% this year, after a grim 2022. Some analysts are predicting this may be just the beginning of a bigger advance.
These top-performing cryptos have already shown impressive growth in 2023 and should continue to reach new records.
There are 21 token unlocks scheduled during May, which will release over $794 million worth of tokens into circulation in total, according to Token Unlocks data. Optimism (OP) will host the largest unlock worth $329 million, according to the Token Unlocks numbers.
Optimism Labs announced that the Bedrock upgrade entered consensus + feature freeze, marking progress. However, its L2 rival, Arbitrum, continues to edge it out in key metrics.
The recent news around Optimism (OP) and the perception around Curve DAO Token (CRV) as having few significant bull runs left have led to investors sourcing alternatives and better investments. Sparklo remains their top choice, and we will explain the reason in this article.
