Optimism

Ethereum

Hundreds of millions of dollars worth of Ethereum (ETH) and other crypto assets have been moved to Coinbase's new layer-2 scaling solution Base just hours after its launch.

Over $160,000,000 in Ethereum and Other Crypto Assets Moved to Coinbase's Layer-2 Solution Hours After Launch

Users will be able to bridge their ETH starting Thursday, with the official launch of the main network for Aug. 9

Coinbase Sets Public Launch of ‘Base' Layer 2 Blockchain for Next Week

Arbitrum

Worldcoin

Optimism (OP) outpaced Arbitrum (ARB) in terms of daily transaction count this week, which is the first time the project has beaten out its rival Ethereum (ETH) scaling solution in that metric since January.

Optimism Outpaces Arbitrum in Daily Transaction for First Time Since January Amid Worldcoin Rollout

As of July 27, Optimism logged 944,000 daily transactions. This surpasses its competitor, Arbitrum, which registered 660,000 transactions.

Optimism flips Arbitrum in daily transactions following Worldcoin launch

For the first time in six months, Layer-2 blockchain Optimism outperformed competitor Arbitrum in terms of daily transactions.

Optimism Transactions Surpassed Arbitrum After Worldcoin Launch

Layer-2 blockchain Optimism has surpassed Arbitrum in daily transaction volume for the first time in six months, according to Dune Analytics.

Worldcoin Hype Causes Optimism to Leapfrog Arbitrum in Daily Transactions

Layer-2 blockchain Optimism is set to unlock $36 million worth of tokens on Sunday, and the anticipated increase in supply spurred a 3.5% slump in the blockchain's native token (OP) on Tuesday.

Optimism Tokens Worth $36M to Be Unlocked on Sunday; OP Slides 3.5%

Worldcoin, the decentralized ID and wallet protocol, has migrated its operations to Optimism, an Ethereum L2 scaling layer. With this move, Worldcoin aims to prepare for its future launch, taking advantage of the scalability features that its deployment on Optimism brings, including migrating user accounts and bringing Uniswap support to the World App.

Worldcoin Migrates to Optimism

Optimism is moving forward with two proposals by O(1) Labs and RISC Zero to add zero-knowledge proofs to OP chains.

Optimism moves forward with two proposals to add zk-proofs

Coinbase protocols lead Jesse Pollak said Optimism will roll out a neutrality framework net week and Coinbase will hold itself to it.

Coinbase's Base to adhere to Optimism's open neutrality framework

Avalanche

Chainlink

Polygon

Chainlink (CRYPTO: LINK), a leading Web3 services platform, announced the launch of its Cross-Chain Interoperability Protocol (CCIP) on the Ethereum (CRYPTO: ETH), Optimism (CRYPTO: OP), Polygon (CRYPTO: MATIC) and Avalanche (CRYPTO: AVAX) blockchains. The protocol, which is designed to facilitate the development of cross-chain applications and services, is being adopted by major DeFi protocols such as Synthetix (CRYPTO: SNX) and Aave (CRYPTO: AAVE).

Chainlink Launches Cross-Chain Interoperability Protocol On Ethereum, Optimism, Polygon, Avalanche Blockchains

An Ethereum (ETH) layer-2 chain incubated by Coinbase has just opened up its mainnet for builders ahead of a general launch in early August.

New Coinbase-Incubated Layer-2 Network Opens Up Mainnet for Builders

ApeCoin

Optimism, Aptos and ApeCoin are set for significant token unlocks this month, releasing more than a combined $100 million worth of tokens.

Optimism, Aptos and ApeCoin set for largest token unlocks in July

Bitcoin

Bitcoin (CRYPTO: BTC) traded lower, but the cryptocurrency prices remaining below the key $31,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $1,900 mark this morning.

Bitcoin, Ethereum Move Lower; Optimism, Sui Among Top Losers

Optimism, the Layer-2 network that uses Optimistic Rollups to scale Ethereum applications, has changed its name to “OP Mainnet.”

Layer-2 Optimism Rebrands to OP Mainnet

The Optimism team said the name change reflects its objective to create a “superchain” network of many Layer 2 blockchains.

Optimism changes name to OP Mainnet in line with ‘superchain' vision

BNB Chain has launched the opBNB testnet, an Ethereum Virtual Machine (EVM)-compatible blockchain based on Optimism's OP Stack.

BNB Chain Launches Layer-2 Chain Based on OP Stack

Developers expect the opBNB blockchain to reach speeds of 4,000 transactions per second at a targeted cost of 0.005 U.S. cents per transaction.

BNB Chain Releases Layer 2 Testnet Based on Optimism's OP Stack

Arbitrum halts as Optimism upgrades — check out the biggest DeFi news in our comprehensive weekly roundup.

Week in DeFi: StETH Now Supported for CrvUSD, Arbitrum Pauses and an Optimism Upgrade

Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism's “Bedrock” upgrade this week.

Optimism Says Ether Now Treated as Native Cryptocurrency Alongside OP Token

Coinbase and Worldcoin are leading the charge in developing decentralized alternatives on Optimism's infrastructure, paving the way for other companies to address this

How Optimism's Upgrade Will Shape The Future Of Ethereum

The "Bedrock” upgrade will improve the usability of the chain by lowering gas fees and cutting deposit-confirmation times by 90% – pitched as a key step toward the Optimism network's goal of becoming a "Superchain."

Optimism 'Bedrock' Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to 'Superchain'

Uniswap

Uniswap fee switch vote failed to pass, but not because it was unpopular, as Celestia launches a modular DA interface for the OP Stack — find out more in our weekly DeFi roundup.

Week in DeFi: Uniswap Fee Switch Vote Fails, Celestia Collaborates with Optimism

Crypto networks Optimism and Sui are set for large token unlocks this week that will increase each of their circulating supply of tokens.

Optimism, Sui set for large token unlocks, worth a combined $650 million

The initial vesting period for early investors and contributors ends today and will nearly double the circulating supply of the tokens.

News for Optimism Crypto (OP)