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Farcaster Secures $150M in Funding, Reaches $1B Valuation With Backing From Paradigm

[May 21 11:30 PM] Farcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation to $1 billion. The funds…

Optimism Network Activity Metrics Approach Record Levels, Propelling OP 9% Higher

[May 17 8:00 PM] Layer 2 (L2) scaling solution Optimism reported a series of strong network metrics in the first quarter (Q1) 2024, with its native OP token surging 9% on the back of this bullish momentum. Optimism Sees Higher Activity And Rising Transaction Fees…

Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers

[May 14 11:31 PM] Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security…

Optimism Stack Update: OP to Support Layer Three With Funding, Features, and Revenue Sharing

[May 8 11:20 PM] Ethereum scaling solution provider Optimism announced plans to enhance blockchain throughput by integrating Layer three applications on top of its OP Stack, aiming to foster a Superchain network where Layer threes can build and share revenue with…

Market Downturn? Not For Optimism: A16z’s Major OP Purchase Sends Price Skyrocketing By 9%

[May 1 7:00 PM] In a month marked by a challenging correction in the crypto market, Layer 2 (L2) blockchain protocol Optimism has emerged as a standout performer. Within the past 24 hours, Optimism’s native OP token skyrocketed by 9%, positioning it as the…

FXS Price Poised For Uptrend As Frax Finance Unveils Roadmap To Reach $100B TVL

[Mar 22 1:00 PM] Frax Finance, a decentralized finance (DeFi) protocol, recently unveiled its Singularity Roadmap. It aims to propel the total value locked (TVL) of its layer 2 blockchain, Fraxtal, to $100 billion by the end of 2026. This notable surge would…

Optimism Foundation Executes $89 Million OP Private Token Transaction

[Mar 8 3:52 AM] The Optimism Foundation recently sold approximately 19.5 million OP tokens, valued at nearly $90 million, to an unnamed buyer, with these tokens being sourced from the unallocated segment of their OP Token treasury initially set aside as working…

Uniswap Expands Reach: Deploys v2 Protocol On Six New Chains Including Arbitrum And Polygon

[Feb 21 1:00 PM] Uniswap (UNI), one of the largest decentralized cryptocurrency exchanges (DEX) by trading volume, has made an important announcement regarding deploying its v2 protocol on six additional chains.  The chains on which the v2 protocol has been…

Optimism (OP) Climbs 6% A Day As Crypto Market Rebounds, What’s Next?

[Oct 2, 2023 8:00 AM] Optimism (OP) has posted notable gains today, October 2, trading at $1.45, with a 5% increase in the last 24 hours. Furthermore, its price has gained 15% in the last seven days.  OP’s rise coincides with the improvement in the general crypto…

Optimism (OP) Tallies 13% In 7 Days Despite High Profile DeFi Hack

[Aug 5, 2023 12:05 PM] In the midst of the ever-changing cryptocurrency landscape, Optimism (OP) has shown remarkable resilience, posting a notable price increase of 13.53% in the past seven days. Despite facing a slight decline of 1.80% in the last 24 hours and a…

Optimism Bedrock Upgrade Sends Network Transactions Soaring By 67%

[Jun 26, 2023 8:00 PM] Optimism (OP) is a layer 2 scaling solution that operates on top of the Ethereum mainnet, providing faster and cheaper transactions for Ethereum users. It was launched in 2020 and has quickly become one of the most popular scaling solutions for the…

Optimism (OP) Soars Over 6% Following Launch On BNB Chain

[Jun 20, 2023 9:30 AM] Optimism price is basking in the news of BNB Chain’s newly introduced Optimism-powered layer-2 testnet opBNB. On June 19, BNB Chain announced the launch of its opBNB testnet. The newly launched layer-2 scaling solution based on Optimism Stack will…

Optimism (OP) Rallies 12% In One Week, But Can It Keep Going?

[Feb 28, 2023 10:15 AM] Many cryptocurrencies are down today as the broader cryptocurrency market retraced over the past week. This trend suggests that the once-high crypto investor sentiment has reduced, as shown by the Fear and Greed Index, which is now neutral. It…

Optimisim (OP) Records 14% Gains In One Day As Crypto Market Turned Red

[Feb 24, 2023 8:30 AM] The crypto market is recording some pullbacks today, as many coins are now red. The global market cap is down by 1.46% in 24 hours, while the other top three coins, BTC, ETH, and USDT, are all red in hourly, daily, and weekly values. But amidst…