![]() how zero-knowledge rollups differ from optimistic rollups.For more information please read our full risk warning and disclaimer.Kain Warwick, founder of Synthetix, and Ben Jones, cofounder and chief scientist at Optimism Foundation, discuss the current state of Ethereum Layer 2s, Optimism’s new governance structure, why Synthetix chose to build on Optimism, and more. This website does not provide investment, financial, legal, tax or accounting advice. If you are unsure, seek independent financial, legal, tax and/or accounting advice. Investing is not suitable for everyone ensure that you have fully understood the risks and legalities involved. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Past performance is not an indication of future results. When trading in stocks your capital is at risk. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Past performance does not guarantee future results. Trading cryptocurrencies is not supervised by any EU regulatory framework. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.Ĭryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Each investment is unique and involves unique risks.ĬFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. Therefore, there is a likelihood that the price will bounce back later this month Still, from a fundamental perspective, Optimism is a good platform that has more room to grow. The same is true for stocks since they tend to be a bit volatile when they get listed in most exchanges.Īt this time, it is a bit early to conduct a technical analysis on Optimism because there is not enough data to work with. In most cases, cryptocurrencies tend to be highly volatile when they start trading. Optimism price rose initially after the airdrop and then it crashed hard as many of the original buyers sell. Now, its price is falling as many of the original buyers start exiting their positions. The Optimism price rose earlier on after Binance announced that it will start offering the coin in its ecosystem. According to the developers, a total of 248,699 users were eligible for this airdrop. It was one of the most hyped airdrops in the industry. ![]() Therefore, the first day of July was an important one for the Optimism ecosystem as the developers launched their governance token known as OP. According to Dune, the number of users using the bridge increased from 141 on May 30th to 3,980 on Wednesday. Optimism also runs an Ethereum bridge that makes it easy and cheap for people to handle Ethereum transactions. It has also been embraced in other market sectors like gaming and non-fungible tokens. They include some of the best-known blockchain projects like Perpetual Protocol, Synthetix, Uniswap, Coinbase Wallet, and Chainlink among others.Īccording to DeFi Llama, Optimism now has a total value locked (TVL) of over $275 million making it the 15th biggest blockchain in the world. In the past few months, the number of developers embracing the platform has been in a strong upward trend. It is a low-cost layer 2 platform whose goal is to scale applications created in Ethereum. Optimism is one of the most popular blockchain platforms globally. As a result, its total market cap has slumped to about $337 million. OP, the native token for the ecosystem, is trading at $1.59, which is about 67% below its highest level. The Optimism price crashed hard on Wednesday as the hype died down.
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