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Optimism Plunges 9.29% Ahead of $30 Million Token Unlock -What’s Going On?


Ethereum layer 2 network Optimism faces headwinds as its price slumps nearly 10% in the week ahead of the planned token unlock on Sept 30. At press time, the price of OP exchanges hands at $1.26 falling by 9.29% over the past seven days. After a sharp fall slightly above 3% yesterday, the token...

Layer 2 Network Optimism Announces $26 Million Airdrop to 31,870 Wallets


Layer 2 network Optimism announced the third airdrop of OP tokens to 31,870 qualified addresses aimed at bolstering community participation.  In an announcement on X (formerly Twitter), the company stated that the airdrop will see it allocate 19.4 million OP tokens approximately $26 million...

The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M


Last week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators...

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