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 Optimism set to unlock 587M worth of OP tokens will investors unload

Optimism set to unlock 587M worth of OP tokens will investors unload


Published: 2023-05-30


1. The main topic of the article is the recent launch of the Optimism network's new token,OP. This token is part of the company's efforts to bring faster,more efficient transactions to the Ethereum network. The launch of the token has created a great deal of excitement within the cryptocurrency community as it represents a significant milestone in the ongoing development of decentralized finance. The article suggests that the launch of OP may put some downward pressure on the price of other tokens as investors shift their attention to Optimism and the potential benefits that it offers.

2. The article goes into some detail regarding the technical aspects of the Optimism network and its potential impact on the broader cryptocurrency market. It explains that the network is designed to provide faster and more scalable transactions by utilizing a technique known as optimistic rollups. This approach allows transactions to be processed off-chain and then settled on the Ethereum mainnet,resulting in significantly reduced gas fees and faster confirmation times. The article notes that the launch of OP represents a major step forward for Optimism and could potentially lead to significant growth in the network's user base.

3. Finally,the article touches on some of the potential downsides of the launch of OP and the growing dominance of Optimism within the Ethereum ecosystem. Some analysts have raised concerns about the possibility of centralization within the network,as well as potential issues with security and privacy. Additionally,there are fears that the rise of Optimism could lead to increased congestion on the Ethereum mainnet as more users flock to the faster and more efficient network. Despite these concerns,however,it seems clear that the launch of OP represents a major turning point in the ongoing development of decentralized finance and is likely to have significant implications for the broader cryptocurrency market in the months and years ahead.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,065.00 1,977,387,563.50
2 BTC title=BTC 63,063.96 1,658,995,005.79
3 ETH title=ETH 3,139.57 773,152,037.61
4 SOL title=SOL 137.70 535,776,159.53
5 PEPE title=PEPE <0.01 273,705,303.60
6 WIF title=WIF 2.74 178,906,102.73
7 COS title=COS 0.02 144,750,979.66
8 DOGE title=DOGE 0.15 136,238,496.53
9 XRP title=XRP 0.52 133,523,771.93
10 ENA title=ENA 0.82 130,183,398.30
11 NEAR title=NEAR 7.07 128,998,766.42
12 BONK title=BONK <0.01 113,964,959.14
13 BOME title=BOME <0.01 96,497,887.60
14 RUNE title=RUNE 5.05 87,911,217.55
15 LTC title=LTC 84.80 83,012,584.67
16 GLM title=GLM 0.55 76,708,606.28
17 WLD title=WLD 4.82 67,440,051.96
18 AVAX title=AVAX 34.16 61,521,916.62
19 FLOKI title=FLOKI <0.01 52,100,880.20
20 TRX title=TRX 0.12 51,265,626.10
21 HBAR title=HBAR 0.11 48,249,025.30
22 FIL title=FIL 5.79 45,367,807.13
23 ADA title=ADA 0.46 43,819,231.94
24 FTM title=FTM 0.69 42,448,875.02
25 LINK title=LINK 14.14 41,744,659.47
26 RNDR title=RNDR 7.96 40,692,164.54
27 SEI title=SEI 0.57 38,867,998.52

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Golem title=GLM 0.55 +44.43
2 Powerledger title=POWR 0.34 +15.05
3 Cartesi title=CTSI 0.22 +14.51
4 Loom Network (NEW) title=LOOM 0.10 +13.64
5 BinaryX title=BNX 1.01 +12.06
6 Blur title=BLUR 0.42 +11.34
7 aelf title=ELF 0.65 +10.22
8 Highstreet title=HIGH 3.97 +7.26
9 SSV Network title=SSV 47.14 +7.14
10 Ethereum Name Service title=ENS 15.37 +7.11
11 Dymension title=DYM 3.65 +7.09
12 Galxe title=GAL 4.57 +6.60
13 Orion title=ORN 1.68 +5.57
14 Axelar title=AXL 1.10 +4.62
15 LTO Network title=LTO 0.19 +4.55
16 Aergo title=AERGO 0.14 +4.52
17 Wing Finance title=WING 6.14 +4.42
18 TROY title=TROY <0.01 +4.20
19 Aevo title=AEVO 1.49 +4.13
20 Ardor title=ARDR 0.11 +3.86
21 SPACE ID title=ID 0.75 +3.74
22 Magic title=MAGIC 0.81 +3.37
23 Immutable title=IMX 2.11 +3.29
24 Worldcoin title=WLD 4.82 +3.28
25 Cream title=CREAM 45.07 +3.28
26 IQ title=IQ <0.01 +3.19
27 Atletico Madrid Fan Token title=ATM 3.17 +3.13
28 Polymesh title=POLYX 0.41 +2.95
29 Mina Protocol title=MINA 0.85 +2.85
30 Sui title=SUI 1.20 +2.80

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Contentos title=COS 0.02 -15.11
2 Theta Fuel title=TFUEL 0.11 -10.50
3 REI Network title=REI 0.09 -9.89
4 Pundi X title=PUNDIX 0.68 -8.46
5 Automata title=ATA 0.19 -7.87
6 Pepe title=PEPE <0.01 -7.50
7 BOOK OF MEME title=BOME <0.01 -7.43
8 Lisk title=LSK 1.63 -7.00
9 Theta Network title=THETA 2.25 -6.96
10 dogwifhat title=WIF 2.74 -6.76
11 Bonk title=BONK <0.01 -6.04
12 FLOKI title=FLOKI <0.01 -5.87
13 Alchemy Pay title=ACH 0.03 -5.48
14 Fantom title=FTM 0.69 -5.43
15 SafePal title=SFP 0.78 -5.41
16 THORChain title=RUNE 5.05 -5.10
17 BENQI title=QI 0.02 -5.02
18 AS Roma Fan Token title=ASR 3.98 -4.83
19 NULS title=NULS 0.64 -4.81
20 Ethernity Chain title=ERN 4.48 -4.80
21 Ontology Gas title=ONG 0.59 -4.67
22 Hedera title=HBAR 0.11 -4.40
23 OG Fan Token title=OG 4.50 -4.28
24 Saga title=SAGA 3.54 -4.06
25 Stacks title=STX 2.53 -3.87
26 Stargate Finance title=STG 0.51 -3.84
27 xMoney title=UTK 0.09 -3.84
28 FC Barcelona Fan Token title=BAR 2.62 -3.68
29 Tensor title=TNSR 0.93 -3.67
30 Amp title=AMP <0.01 -3.59

Bitcoin's Greed and Fear Index.

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67
Greed

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