Optimism (OP), a main Ethereum layer-2 scaling solution, is making waves in the crypto market. The OP token surged 23% inside the ultimate 24 hours, currently at $2.08.
With an outstanding 24-hour trading volume of $1.31 billion, Optimism now boasts a marketplace cap of $2.6 billion.
Optimism is designed to decorate Ethereum’s efficiency using positive rollups, which file transactions on Optimism however steady them on Ethereum’s mainnet.
This progressive method has made it one of the maximum distinguished scaling answers, with a Total Value Locked (TVL) exceeding $500 million. The network helps 97 protocols, along with the most important players like Synthetix (SNX), Uniswap (UNI), and Velodrome (VELO).
Launched with lots of anticipation, Optimism distributed its OP tokens via a community airdrop on May 31, 2022. The token has won giant popularity and is now on hand on major exchanges like Binance, Coinbase, KuCoin, and Bybit.
Users can effortlessly start on Optimism by including the community in their Metamask pockets and bridging assets like ETH to this efficient layer-2 solution.
Also Read: Bitcoin Price Hits All-Time High of $99,000, Eyes $100K Next
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.