Highlights From The Last Week 👇
• Velodrome Turns 3! 🎉
• Velodrome Surpasses 1B Beyond OP Mainnet
• #1 DEX on @soneium
• Soneium ACS Rewards Are Coming
• Velodrome is Now Live on Binance Wallet
• New Launches: $sUSDC
3.07K
27
Michaël van de Poppe
The bullish divergence starts to strengthen on $OP.
What does that mean?
It means that the gap between the indicators & price have widened and that one of the two will come back to par with the other one.
I think that we'll likely see price run back upwards, which would mean that ~1200-1500 sats is the area to go to for $OP.
20.87K
116
Cryptking.eth 👑 🦍
🚨 Yaprun Season One, and other Infinex news.
3 Latest News from the @infinex ecosystem.
1⃣. The infinex Yaprun Season One, Week Three Leaderboard is now live.
- This is the cumulative leaderboard across Weeks One, Two, and Three.
- Congratulations to the current Top 3.
- I went from 144 to 117.
- View the full leaderboard tap here:
-
A reminder, Yaprun will distribute around $6M (at current prices) in the form of µPatrons, over 4 seasons.
For those of you staking $KAITO, the airdrop claim will occur next week was stated.
2⃣. In other Infinex new:
- sUSD Holders Eat Weekly with 12,000 $OP on the Table.
- If you’re holding over 1,000 $sUSD, you’re already playing the game right.
- Week 2 of rewards just dropped.
Time to gear up. The yield wars are on.
3⃣. And Last News on Infinex:
🛑PSA: Scam Alert: Infinex does not DM.
There’s a fake account running and acting like infinex and has been reported but just in case:
🔒 They will NEVER DM you.
🔒 They do NOT use WalletConnect publicly.
🔒 Support is ONLY available at on "Get Support".
Stay alert. Always verify URLs. Stick to our Discord and official site.
This is how we keep each other safe in the jungle.
Keep showing up. Keep playing smart.
Season’s still young and the best plays are yet to be made.
Dive into Infinex today.
10.43K
115
VIKTOR
Log chart of long $OP / short $BTC
Down a light -94% since early 2024
The L2 curse
10.72K
66
Profesor Utonio
Optimism earned more fees from chains part of the Superchain through revenue-share deals (~44M)* than what those rollups (and all rollups posting DA/proofs) paid in blobs to Ethereum (~12M)
If all (valuable) economic activity take place within the Superchain, and OP pay minimal blob fees to Ethereum, then REV will be higher for OP > Ethereum.
For some people, that should translate into $OP being valued higher than $ETH
Ethereum bears the cost of security/DA and subsidize it, while letting L2s capture ~all economic upside.
See the future that awaits you, Celestia.
*I know this number is not pure profit as Optimism has given $OP grants to some chains to build within the Superchain (e.g. Ink, BASE)
The current price of Optimism is ₺24.6093. Over the last 24 hours, Optimism has increased by +5.93%. It currently has a circulating supply of 1,714,909,778 OP and a maximum supply of 4,294,967,296 OP, giving it a fully diluted market cap of ₺42.14B. At present, Optimism holds the 53 position in market cap rankings. The Optimism/TRY price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
To tackle scalability issues and high transaction costs on the Ethereum network, Optimism has emerged as a compelling Layer 2 solution. Functioning as an off-chain network layered on top of Ethereum, Optimism extends the capabilities of the blockchain. Fueled by its native token OP, the platform aims to alleviate Ethereum's challenges and enhance its performance.
What is Optimism
Optimism (OP), also known as Optimistic Ethereum (OE), is a Layer 2 solution built to address the scalability issues of the Ethereum network. At its core, Optimism utilizes a technology known as optimistic rollups. This technology bundles, or rolls up, multiple transactions into a single transaction, significantly improving the speed and cost of transactions. As Optimism is built on top of Ethereum’s architecture, developers and users can make use of the speedy and low-cost transactions whilst having the security of the Ethereum blockchain.
The Optimism team
The Optimism team comprises a group of dedicated blockchain experts, including Jaynti Kanani, Jinglan Wang, Ilya Polosukhin, Ben Jones, Paul Hauner, and Matteo Rizzi.
How does Optimism work
When a user initiates a transaction, it's executed on the Optimism network rather than directly on the Ethereum mainnet. Throughout this process, Optimism maintains communication with Ethereum's Layer 1 and leaves the original network unchanged. This is achieved through optimistic rollups, which consolidate multiple transactions into a single batch submitted to Ethereum.
By adopting this approach, the computational burden on the Ethereum mainnet is lessened, resulting in faster transaction speeds and lower gas fees. Ultimately, Optimism plays a pivotal role in alleviating strain on the Ethereum network, consequently reducing congestion and associated high fees.
Optimism’s native token: OP
OP is the token of the Optimism ecosystem, crucial in securing and powering the Optimism network. The token also serves as incentivizes and rewards for validators who correctly process and confirm transactions. Validators are able to stake OP tokens as collateral, which can be confiscated if they act maliciously.
OP tokenomics
There is a maximum supply of 4,294,967,296 OP tokens. The supply of OP tokens is carefully controlled and released into the market via strategic allocation methods such as staking rewards, developer incentives, and ecosystem grants. This approach ensures a balanced and sustainable distribution of tokens, maintaining the long-term stability and health of the Optimism ecosystem.
OP use cases
The primary purpose of the OP token is governance. This encompasses various essential functions, including allowing token holders to cast votes pertaining to proposed updates to the protocol as well as distribution of incentives for projects through the Governance Fund. Additionally, it facilitates the funding of projects hosted on the Optimism platform. OP holders are also allowed to engage in project management alongside other OP Citizens.
Distribution of OP
OP’s distribution is as follows:
25 percent: Ecosystem fund
20 percent: Retroactive Public Goods Spending (RetroPGF), an experimental spending mechanism designed to align with OP's objective of equating impact with profit.
19 percent: Airdropped to the community
19 percent: Awarded to core contributors
17 percent: Given to investors
Optimism: The road ahead
On the project's horizon is the launch of a public mainnet, marking a significant milestone that will elevate Optimism's capabilities. Looking ahead, Optimism aims to become the leading Layer 2 scaling solution for Ethereum. The project envisions a future where Ethereum's transaction processing capabilities skyrocket to millions per second while upholding its foundational principles of security and decentralization.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 5.3K new posts about Optimism, driven by 3.9K contributors, and total online engagement reached 5.2M social interactions. The sentiment score for Optimism currently stands at 92%. Compared to all cryptocurrencies, post volume for Optimism currently ranks at 824. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Optimism.
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Posts
5,315
Contributors
3,910
Interactions
5,177,687
Sentiment
92%
Volume rank
#824
X
Posts
3,053
Interactions
2,277,741
Sentiment
95%
Optimism FAQ
What is Optimism?
Optimism, also known as Optimistic Ethereum (OE), is a Layer 2 scaling solution for Ethereum that aims to increase transaction throughput and reduce fees without sacrificing security and decentralization.
How does Optimism improve Ethereum’s scalability?
Optimism improves Ethereum’s scalability through the use of optimistic rollups. These rollups are a Layer 2 solution that perform most computation off-chain while keeping the same level of security as the main Ethereum network.
Where can I buy OP tokens?
Easily buy OP tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include OP/USDT and OP/USDC.
Currently, one Optimism is worth ₺24.6093. For answers and insight into Optimism's price action, you're in the right place. Explore the latest Optimism charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Optimism, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Optimism have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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