Optimism Price Rockets 23%, Market Cap Reaches $2.6B

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 trading 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 a layer-two blockchain on top of Ethereum using positive rollups, which file transactions on Optimism but secure them on Ethereum’s mainnet. 

This progressive method has made it one of the most distinguished scaling rollups, 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