Optimism

Layer 2 scaling solution Optimism's governance token, OP, has chalked up a 200% rally in four weeks, outperforming market leaders bitcoin and ether by a big margin.

OP Token Surges 25% as Optimism Foundation Proposes 'Bedrock' Upgrade

Polygon

The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 27, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Layer 2 Tokens Take Lead

The OP token has surged 140% this year, surpassing bitcoin and ether.

Optimism's OP Token Hits All-Time High as Layer 2 Adoption Interests Grow

Solana

A widely followed trader says he sees more upside potential for smart contract platform Solana (SOL) and two tokens flying under the radar. Pseudonymous Cantering Clark tells his 158,900 Twitter followers that traders who continue to bet against the Ethereum rival will likely be blown out of their positions by a short squeeze.

Top Crypto Analyst Predicts Bullish Continuations for Solana and Two Under-the-Radar Altcoins

Ethereum-based Layer 2 scaling protocols Optimism and Arbitrum have seen a significant divergence in transaction activity, with Optimism outperforming Arbitrum since mid-December. The post Ethereum Layer 2 protocol Optimism surpasses Arbitrum in transaction volume appeared first on The Block.

Ethereum Layer 2 protocol Optimism surpasses Arbitrum in transaction volume

Since The Merge, Ethereum's onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum's onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for the same day.

Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum's Daily Transfer Count 

Blockchain insights platform Santiment is pointing out anomalies recorded on one under-the-radar crypto asset after it recently rallied to a local top. Santiment says that the Ethereum (ETH) scaling solution Optimism (OP) recorded a bump in price just as the transaction volume of Tether (USDT) and USD Coin (USDC) on the layer-2 blockchain was surging.

Traders Should Keep an Eye on One Little-Known Ethereum-Based Altcoin, Says Crypto Analytics Firm Santiment – Here's Why

An Ethereum (ETH) scaling altcoin is surging in price while crypto markets continue to trade sideways on the day. Optimism (OP), the layer-2 (L2) scaling solution for Ethereum, exploded in price by 78% in the past week, reflecting a general upward trend in crypto over the last seven days.

Ethereum Scaling Altcoin Explodes 78% in Just One Week As Bitcoin and Crypto Bulls Return

Ethereum scaling solutions Arbitrum and Optimism have steadily increased in transaction count since the beginning of the year. The post Ethereum Layer 2 protocols Arbitrum and Optimism continue to gain traction appeared first on The Block.

Ethereum Layer 2 protocols Arbitrum and Optimism continue to gain traction

Ethereum

Avalanche

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SupraOracles Goes Live on Ethereum, Polygon, Aptos and Four Other Layer One Blockchain Testnets

Users of Ethereum's quicker, cheaper layer 2 networks will have access to the new wrapped staked ETH (wstETH) token.

Lido's stETH Token Expands to Layer 2 Networks Optimism and Arbitrum

Cosmos

Polkadot

NEAR Protocol

USD Coin (USDC) issuer Circle says it intends to make the second largest stablecoin by market cap available on five additional blockchain ecosystems. The digital financial technology firm says that USDC will be available on layer-1 blockchains Arbitrum One, NEAR Protocol (NEAR), Optimism (OP) and Polkadot (DOT) by the end of the year.

Second Largest Stablecoin by Market Cap Expands to Cosmos (ATOM), Polkadot (DOT) and These Three ETH Rivals

OpenSea listed four NFT projects from the Layer 2 Ethereum scaling network Optimism, bringing the platform's supported blockchains to six.  The post OpenSea lists NFTs from the Layer 2 scaling network Optimism appeared first on The Block.

OpenSea lists NFTs from the Layer 2 scaling network Optimism

Bitcoin

ApeCoin

A widely followed crypto analyst is predicting a massive surge for Ethereum (ETH) competitor XRP while updating his outlook on Bitcoin (BTC) and two other altcoins. Pseudonymous trader Altcoin Sherpa tells his 183,000 Twitter followers that XRP should rise to $0.60 before ultimately shooting up to $0.87. “XRP: Go to $0.60 and then $0.

Crypto Trader Predicts XRP Could Erupt by Over 80%, Updates Outlook on Bitcoin (BTC) and Two Altcoins

A widely followed crypto analyst is issuing fresh warnings for a trio of altcoins as the markets attempts to recover from a lengthy downtrend.

Crypto Analyst Issues Warnings for Avalanche (AVAX), Polygon (MATIC) and One Additional Altcoin

Dogecoin

Shiba Inu

Uniswap

CNBC host Jim Cramer is advising investors to avoid meme assets and altcoins after the Federal Reserve announced further interest rate hikes. In a new Mad Money segment, Cramer says that investors should steer clear from meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB).

CNBC's Jim Cramer Warns Investors Should Stay Away From Dogecoin, Shiba Inu and Over a Dozen Other Altcoins

OP tokens will be claimable retrospectively by users who made swaps via the 1inch wallet on Optimism. The post 1inch announces 300,000 OP token airdrop for users on Optimism appeared first on The Block.

1inch announces 300,000 OP token airdrop for users on Optimism

A popular analyst is providing price target updates for a handful of crypto assets as the markets fight to wrap up the week in positive territory.

Here's What's Next for Bitcoin, Ethereum, Binance Coin and a Leading Dogecoin Rival, According to Crypto Trader

The layer 2 solution's token fell 10% on Wednesday before rebounding to its pre-crash price after its team clarified it had not been hacked for $450 million.

Optimism Token Flash Crashes 10% on False Rumors of a Major Hack

A recent research report from Coinbase Global Inc (NASDAQ: COIN) warned that Layer 2 scaling solutions for Ethereum (CRYPTO: ETH) could potentially end up diverting revenue away from ETH itself. What Happened: Layer 2 networks like Optimism (CRYPTO: OP), Polygon (CRYPTO: MATIC) and Arbitrum may well become the application layers hosting the bulk of economic activity while ETH exists solely to store transaction data, Coinbase analysts wrote in a monthly outlook report.

Coinbase Says Layer 2 Solutions Could Eat Ethereum's Lunch

Lido DAO

A widely followed crypto trader is sharing his outlook for Bitcoin (BTC), ApeCoin (APE) and two Ethereum (ETH)-based altcoins amid signs of potential recovery for the crypto market.

Popular Crypto Trader Forecasts What's Next for Bitcoin (BTC), ApeCoin (APE) and Two Ethereum-Based Altcoins

There's a new winner in town, and this time round, it's the token underpinning Ethereum layer-2 scaling solution Optimism.

Token Backing Ethereum Scaling Solution Optimism Rallies 20%

Ethereum Classic

A closely tracked crypto strategist is predicting dips for two altcoins while updating his forecast for Solana (SOL) and ApeCoin (APE). Pseudonymous crypto analyst Altcoin Sherpa tells his 180,700 Twitter followers that smart contract protocol Ethereum Classic (ETC) looks poised for a significant pullback after its steep rally over the past few weeks.

Analyst Predicts Pullbacks for Ethereum Classic and One Low-Cap Altcoin, Updates Outlook on Solana and ApeCoin

yearn.finance

A handful of altcoins have outperformed the broader crypto markets by printing gains of over 100% or more in the past seven days. One the best performing altcoins this week is the BTC Standard Hashrate Token (BTCST), an altcoin designed to allow holders to stake their tokens on-chain and earn Bitcoin (BTC) mining rewards.

Four Under-the-Radar Altcoins Skyrocket 111% or More in Just One Week As Crypto Markets Turn Green

Curve DAO Token

Curve Finance has requested a 1 million Optimism (OP) token grant to reward liquidity providers on Curve's Optimism pools. The post Curve Finance applies for 1 million OP token grant from Optimism appeared first on The Block.

News for Optimism Crypto (OP)