Optimism jumps 22% following Coinbase ‘Base’ layer 2 announcement

Optimism (OP) surged 22% to hit the local top at $3.095 at the time of writing, marking a 15-day high.

Since then, profit taking has formed a relatively long top wick of the daily candle. Nevertheless, the year-to-date gain of 218% at current prices is well above the 45% gain seen by market leader Bitcoin.

OP was trading at a year-to-date high of $3.28 on February 3rd. Then, on Feb. 8, he was rejected at a slightly lower price of $3.209, highlighting a target area for the bulls to overcome.

optimism chart
sauce: OPUSDT on TradingView.com

Coinbase x Optimism

On February 23, cryptocurrency exchange Coinbase announced the launch of Ethereum Layer 2. baserunning in the optimism chain.

Base is an Ethereum L2 that provides a secure, low-cost, developer-friendly way to build decentralized apps for anyone, anywhere. ”

formerly, money exchange teased A blue circle with the text “2.23.23,” drives Crypto Twitter into a speculative frenzy.

Adam Cochrane I posted a sarcastic comment about airdropped Coinbase tokens intended to save the market from the current lull.

If there is eventually a Coinbase token that will be airdropped to users and save the market, some of it will be pooled to create a giant bronze statue of Armstrong with an extra shiny bald head and give it to them. to the office of

However, it was Thursday lunchtime (GMT) when Coinbase unveiled its base layer 2 solution. According to the company, Base has no built-in token and instead uses Ethereum as its native gas token.

Commenting on news optimism the base is OP stack Architecture – Described as modular, open source code that is highly extensible and interoperable. optimism We are in a position to collect a portion of the base transaction fee.

Moreover, boarding the base is another step towards the ‘superchain’ vision. optimism Said.

In the long term, superchains could evolve into chaotic networks that maximize interoperability, share decentralized protocols, and standardize their core primitives while funding the public goods that enable them. There is a nature.

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