Altcoin Rally Cools as Massive $650M Worth of Token Unlocks Loom Over Crypto Market
Several major alternative cryptocurrencies including DYDX, Optimism (OP) and SUI dropped sharply as massive token unlocks weighed on prices.
Optimism
Ex-Polygon Veteran Wyatt Joins Optimism Foundation Unit in Growth Role
Wyatt, who previously served as president at Polygon Labs and had a stint at YouTube, joins as chief growth officer, where he will be in charge of helping developers build across Optimism’s ecosystem of blockchains.
Manta’s Layer-2 Blockchain Already Plans to Ditch OP Stack for Polygon
The network, which just went live a couple weeks ago as a so-called optimistic rollup – the core underpinning of OP Stack – will now become a “ZK-rollup,” which is what Polygon’s software kit provides.
Optimism Slumps Most Among Crypto Majors Ahead of $30M Token Unlock
Optimism’s native token OP has dropped over 10% in a week, the most among the largest cryptocurrencies, ahead of its unlocking date that will increase the token’s supply.
Polygon Emerges as Suitor for Celo’s New Layer-2 Blockchain, Competing With OP Stack
Celo, which is ditching its standalone blockchain in favor of a new “layer-2” network atop Ethereum, had originally signaled plans to rely on Optimism’s OP Stack, a similar customizable kit to Polygon’s but using Optimism’s “optimistic” technology.
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 is mushrooming toward 1 million, introducing new concerns related to the sprawl. We discuss how Ethereum developers are addressing the issue with the EIP-7514 proposal.
Coinbase, in Uncharted Territory as Public Company Running Blockchain, Pledges Neutrality
The U.S. crypto exchange’s ‘Base Neutrality Principles’ are a series of guidelines aimed at maintaining a decentralized and neutral blockchain, according to a blog post.
Crypto Lender Exactly Hit by $12M Bridge Exploit
Exactly Protocol, a decentralized credit market on the Optimism (OP) blockchain, has been targeted by a bridge exploit worth as much as $12 million.
Coinbase Layer 2 Base Overtakes Optimism in Daily Active Users as Friend.Tech Hype Soars
A grayed-out “airdrop” icon at the top of the Friend.Tech app suggests the platform will release a token.
Africa-Focused DeFi Platform Mara Releases Ethereum-Compatible Testnet
Developers in Nigeria and across Africa can build and test their decentralized applications on the Optimism forked Mara Chain.