Market Cap: $3,743,426,752,261
24h Vol: $129,864,322,227
Cryptocurrencies: 26901
Markets: 106767
Cryptocurrencies: 26901
Markets: 106767
Market Cap: $3,743,426,752,261     
24h Vol: $129,864,322,227
Seeking Alpha 2023-02-23 17:44:52

Coinbase layer 2 news sends Optimism's token price soaring

Coinbase layer 2 news sends Optimism's token price soaring
OP ( OP-USD ), the governance token of layer 2 scaling solution Optimism, jumped as much as 21.7% earlier in Thursday's session after crypto exchange Coinbase Global ( NASDAQ: COIN ) said it is developing its layer 2 blockchain on Optimism's open source OP Stack . The token has since pared its gains, rising 13.2% to $2.87 as of 12:44 p.m. ET. It's one of the best-performing cryptos year-to-date, garnering a nearly 200% climb. Coinbase ( COIN ), while announcing the launch of a testnet version of its own ethereum-powered, layer 2 network, noted that it is joining Optimism as a core developer of the OP Stack, Optimism's developer toolkit. Meanwhile, Seeking Alpha contributor Mike Fay warned earlier this month that OP ( OP-USD ) could be in for major dilution ahead .
esptco-banner img
Latest News

Videos

  • DCA: Dollar Cost Averaging in Crypto

  • Digibyte: What is DGB? EXPLAINED!

  • What is Bitcoin (BTC) & How it Works? Simply Explained!

  • What Is Better ? Hardware Mining or Software Mining? Pros & Cons Fully Explained!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire