Nasdaq-listed centralized crypto asset (virtual currency) exchange COINBASE on February 23 announced an Ethereum scaling solution that leverages the technology of Optimism, a Layer 2 solution for the Ethereum blockchain. bottom. The news seems to have set fire to optimism-related crypto assets.
VELO, the native token of optimism-based decentralized exchange (DEX) Velodrome Finance, rose 21% in 24 hours, according to data from Coingecko. The token has more than doubled in the last seven days. Velodrome is the 9th largest decentralized exchange in the world, with 2.5% of the total market volume.
The token of optimism-native lending protocol Sonne Finance, SONNE surged 82% to more than 300% in 7 days.
OPX Finance’s governance utility token, OPX, surged 144%, while Perpetual Protocol’s token, Perpetual Protocol, a perpetual-focused DEX, recorded a 42% gain. Other lesser-known tokens such as THALE, HND, RING, and PICKLE also posted double-digit gains in 24 hours.
Optimism’s token, OP, jumped more than 10% to reach a two-week high of $3.10, CoinDesk data shows.
When Coinbase unveiled the testnet version of its new Ethereum Layer 2 scaling solution, Base, it said it could interoperate with other chains like Solana but would not have a native token.
“Base aims to be decentralized, permissionless, open to everyone, and a vision to create a standard modular rollup-agnostic superchain powered by optimism. ,” Coinbase said. “We are joining Optimism as core developers of the open source OP Stack and working to create a vibrant community that includes other developers.”
Crypto Twitter speculation is that Coinbase is building a DeFi portal with the help of optimism, opening the door for participation in democratized finance.
We know: Optimism and Chainlink are involved.
My speculation: They’re making a KYC zone on Optimism. Basically a blockchain you can only enter if you have a Coinbase account and they are handling access via a Chainlink CCIP node. Institutions would love this, a KYCed DeFi portal. https:/ /t.co/UxJ6FLpKHn
— Gammichan (@gammichan) February 23, 2023
Coinbase’s foray into the Ethereum Layer 2 world comes a year after the exchange launched its NFT (non-fungible token) marketplace. Coinbase Ventures is currently one of the most active venture capital firms in the crypto space, with more than 240 investments, according to data from Analytics Insight.
Observers are therefore optimistic about Base’s evolution as a must-have for decentralized applications.
Anonymous analyst Route 2 FI tweeted, “This collaboration aims to upgrade Layer 2 such as Optimism mainnet and Base to superchains.” “We expect that superchain to blossom into a vast network that maximizes interoperability, shares decentralized protocols, and standardizes core primitives.”
|Translation: coindesk JAPAN
|Editing: Toshihiko Inoue
|Image: Shutterstock
|Original: Tokens of Optimism Ecosystem Surge as Coinbase Unveils Its Layer 2 Base
Optimism-related tokens rise with the start of coinbase “Base” operation | coindesk JAPAN | Coindesk Japan appeared first on Our Bitcoin News.
