The speculation on Crypto Twitter is that Coinbase is making a know-your-customer-based decentralized-finance ( DeFi) portal with the help of Optimism, which will open doors for institutional participation in democratized finance. "We're joining Optimism as a core dev on the open source OP Stack and working to create a thriving community of other developers." "Base aims to be decentralized, permissionless and open to anyone with the vision of creating a standard, modular, rollup agnostic Superchain powered by Optimism," the exchange said. Optimism's OP token has jumped over 10%, reaching a two-week high of $3.10, CoinDesk data shows.Ĭoinbase launched the testnet version of its new Ethereum layer 2 scaling product, Base, announcing that it will be interoperable with other blockchains like Solana but won't have its native token. Other lesser-known names like THALE, HND, RING and PICKLE have also chalked up double-digit gains in the past 24 hours. Coinbase launched the testnet version of its new Ethereum layer 2 scaling product, Base, announcing. OPX, the governance and utility token of OPX Finance, has skyrocketed by 144%, while perpetual-focused decentralized exchange Perpetual Protocol's PERP token has seen a 42% rise in its market value. Optimisms OP token has jumped over 10, reaching a two-week high of 3.10, CoinDesk data shows. Optimism-native lending protocol Sonne Finance's SONNE token has jumped 82%, taking its seven-day rally to over 300%. The recent price action in Optimism left the tokens market capitalization at 1,365,385,117.32. Velodrome is the ninth-largest decentralized exchange in the world, accounting for 2.5% of the total market volume. The Optimism price is 1.55, a change of 1.46 over the past 24 hours as of 6:40 a.m. The token has more than doubled in the past seven days. The news has lit a fire under the cryptocurrencies from the Optimism ecosystem.ĭata from CoinGecko shows VELO, the native token of the Optimism-based decentralized exchange Velodrome Finance, has gained 21% in the past 24 hours. Nasdaq-listed centralized digital-assets exchange Coinbase (COIN) on Thursday announced an Ethereum scaling product that will use layer 2 network Optimism's technology. Join the most important conversation in crypto and web3! Secure your seat today
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