Optimism Price Surges 23%, Market Cap Hits $2.6B

Summary: Optimism (OP) is a leading Ethereum Layer-2 Solution and it’s currently experience a 23% valuation surge just within 24 hours and is not trading at a sweet price of $2.08. The market cap of the token as also obviously increased and has reached $2.4 billion with a trading volume of $1.31 billion.

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What is Optimism ?

We’re all familiar with the terminology “Layer-2 Blockchain”, Likewise, Optimism is a laye-2 blockchain built on the ever so successful Ethereum which is a layer-1 blockchain. Optimism uses Optimistic Rollups to make sure the transaction process is efficient. Optimism is also highly regarded as one of the top scaling solutions as it uses Ethereum’s mainnet which is very secured while handling transactions. Optimism has a Total Value Locked (TVL) of over $500M and supports an extraordinary number of 97 protocol which includes Uniswap (UNI), Synthetix (SNX), and Velodrome (VELO).

OP Token Popularity

OP Tokens received a major reaction when it was first launched on a community airdrop on May 31. There were hundreds and thousands of Ethereum enthusiasts who used OP tokens as a go-to asset as it was available on major exchanges such as Binance, Coinbase and Kucoin at that time. That’s not all because accessing Optimism is also fairly easy, all users have to do it connect their wallets like MetaMask and Bridge asset such as ETH to use its efficiency.

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Sahil Poudel

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