Saturday, September 23, 2023

Optimism Rumored to Drop Its Token


Optimism pointed out that they are nearing the conclusion of one chapter and the start of the next, which will be based on community ownership and governance.

The native token prices of many companies that use Optimism, an Ethereum Layer 2 scaling solution, have risen by roughly 20%. This comes amid reports that the network will soon create a token and distribute it to its users via airdrop.

Optimism is a Layer 2 scaling solution for the Ethereum blockchain. It uses optimistic rollups to execute a large number of transactions. The project claims that it can run smart contracts for 5 to 500 times less than Ethereum’s Layer 1 protocol.

According to DeFiLlama, the platform has $496.47 million in total value locked up right now (TVL). This will come from 30 separate projects that will use it to scale their operations.

Possible Token Distribution

On Twitter earlier today, reports of a prospective token distribution to users of associated projects began to circulate. This was after Optimism’s blog article “A New Chapter” was published. This report summarized the project’s progress since its inception early last year, as well as its future plans.

Over the last 12 months, the team has highlighted significant milestones. The $17.4 billion in transaction volume, for example, is one of these milestones. The $17.4 billion in transaction volume, for example, is one of these milestones. This includes $24.5 million in revenue and a $1.1 billion reduction in gas fees.

Optimism made no specific mention of launching or airdropping a native token. Onlookers, on the other hand, focused on the post’s final section. This details a new stage of development that will be led by the community.

The network has advanced in leaps and bounds, and it continues to improve every day. It’s almost time for the infant to run now that he’s learnt to walk. They’re approaching the end of one chapter and the start of the next, which will be guided by community ownership and governance.

Keeping an Eye on SNX

“OlimpioCrypto,” a self-described “master airdrop hunter,” commented on the post’s language. eye on SNX for probable airdrops. Synthetix was actually the first protocol to function with Optimism.

They said that Optimism’s team began working with Synthetix before moving on to any other procedure. There could be a surprise for $SNX holders. It’s possible that keeping tokens staked is the best strategy.

Other popular projects on Optimism were also pointed up by a similar account in “defi airdrops. Hop Protocol, Lyra Finance, and the Polynomial Protocol are among the projects covered.

Not all Optimism-related coins are performing well. However, SNX, Lyra Finance (LYRA), and Synapse (SYN) have all seen significant price gains in the last 24 hours.

SYN is up 26.2 percent to $3.37, according to data from Coingecko. In addition, SNX is up 21.5 percent to $6.18, while LYRA is up 18.4 percent to $0.24.

Synthetix, the largest platform on Optimism, has had its TVL rise 13.4 percent in the last 24 hours, according to DeFi Llama. This totals approximately $203.3 million. This indicates that investors may be rushing to buy SNX in anticipation of an Optimism announcement.

Miguel Garcia
Miguel Garcia
Miguel Garcia is a writer for Cryptoconstellation. Miguel has always been fascinated with Crypto. He has experience in Business and finance. Miguel loves sport cars and football.

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