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OP Token Surges 25% as Optimism Foundation Proposes 'Bedrock' Upgrade
OP Token Surges 25% as Optimism Foundation Proposes 'Bedrock' Upgrade
Layer 2 scaling system Optimism's governance token, OP, has chalked up a 200% rally in four weeks, outperforming market leaders bitcoin and ether by a big margin.
On Wednesday, Etherum Layer 2 Scaling System optimism offered a mid-sized upgrade to improve performance and architecture and speed up its bounce against dynamic password OP.
In the proposal put forward at the renovation seminar, it said: "the optimism Charitable Foundation is extremely proud to give the first agreement upgrade to the optimist group: bedrock."
The proposal added: "this upgrade brings a higher level of modular design, simplicity and ethernet equivalence to layer 2 solutions, with unprecedented performance benefits." It was also stressed that this benefit could lead to a surge in tier 2 contracts.
WJB statistics show that OP has risen nearly 25% in the past 24 hours, setting a new record of $2.90. This basic advice seems to push up the tokens.
The community will vote on the proposal after two weeks of discussion. If approved, the upgrade will be carried out at 9:00 on March 15. PT (17:00 in global harmony).
Bedrock is a kind of inductive architecture design of optimistic research and development. Induction applies to batch orders and release hundreds of transactions in a single master block. In other words, they narrowed multiple deals into one, driving the rate of the blockchain.
Kunar Gore of Mesa shows that the Bedock upgrade will help optimism increase transaction fees and speed, and lay the foundation for future improvements, such as blockchain technology sequencing, to help it compete with key competitors in the Arirum market. "OP Labs estimates that Bedock will make optimism the cheapest commodity on the Internet," Goel said in a survey last month. "
Zayinabu Hassan, an exploratory writer at Web3 research and development firm Xord, estimates that the bedrock upgrade reduces the positive blocking time for pending transactions from 13 seconds to 2 seconds and promotes faster savings.
"with bedrock, optimism will be the first commodity based on EVM to provide etheric security," Hassan said in a data analysis released in October.
OP dynamic password leads the fashion
Optimistic OP Token has risen by nearly 200% in the past few weeks, much higher than BTC (BTC) and ETH. The top two coins rose 44% and 39%, respectively. Arirum, a competitor for optimism, has not marked it himself.
In terms of the increase in the percentage of total locked in the decentralized financial ecosystem over the past 30 days, cheerfulness has also exceeded this point.
DeFiLlama statistics show that the total amount locked in cheerfulness (TVL) increased by 47% to $744 million, while the overall lock use value of Arirum increased by 27% to $1.3 billion.
Conor Ryder, Discovery Investment analyst at Kaiko, a Paris-based login password data provider, said: "one of the bigger stories of 2023 may be the second layer, and now the only way to reach them is to use the OP dynamic password. TVL also takes a more positive and optimistic view than its closer competitor, Arirum. "
The selection of the second tier began last year, and although the overall market is weak, Arirum and optimism have experienced continued growth in the user base. At the end of December, optimism had more participative daily active users than Arirum.
If this is just the beginning, earlier today, Binance, one of the most traded cryptocurrency exchanges in the world, announced the integration of its smooth Binance B dollars associated with the US dollar and the cheerfulness of keeping a close eye on B dollars with the package version number Binance-.
Binance customers can now move Binance and Binance-peg BU.S between ethernet, BNB chain, Polygon, Tron, landslides and optimistic Internet.
Fully considering that Poyuan is the third largest stable loan currency by market capitalization in the world, this kind of integration may arouse a large number of investors' interest in cheerfulness. As of press time, the total market capitalization of Biyuan exceeded US $16 billion, with a turnover of US $12.14 billion in 24 hours.
"the Australian dollar against the US dollar is one of the most stable lending currencies, and putting it on the Binance simplifies the user experience for investors and corporate traders without the need for fragmented roads and bridges," Ignas, a Defi researcher under the pseudonym, told WJB.
Ignas added: "at this stage, only Etherum, Polygon, Avax and Tron are supported. Incredibly, it doesn't work with Arirum yet. "
Written at 13:36 World Standard time on February 3rd:Change the name of Messari investment analyst to Kunar Goel. The previous version was Kunar Shah.
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