Optimism's OP token continues to rally after the Bedrock proposal, which is expected to speed up the network. Reports godbole17.
Optimism on Wednesday proposed a mainnet upgrade to boost performance and functionality, accelerating the rally in its governance token OP.
OP has rallied nearly 25% in the past 24 hours, hitting a new record high of $2.90, CoinDesk data show. The Bedrock proposal seems to have driven the token higher. "With Bedrock, Optimism will be the first EVM-based rollup to deliver Ethereum-level security guarantees," Hasan said in anOptimism's OP token has rallied nearly 200% in the past few weeks, outshining bitcoin and ether by a big margin. The top two coins have gained 44% and 39%, respectively. Optimism's rival Arbitrum doesn't have its native token yet.
"One of the big narratives of 2023 looks to be Layer 2's and the only way to get direct exposure to them right now is through the OP token," Conor Ryder, research analyst at Paris-based crypto data provider Kaiko, said."TVL on Optimism has also outpaced Arbitrum, its closest competitor, to start the year."
If that's not enough, early today, Binance, the world's biggest cryptocurrency exchange by trading volumes,the integration of its dollar-pegged stablecoin BUSD and its wrapped version Binance-peg BUSD on Optimism.
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