Buy $GGsCoinbase Layer 2 Blockchain Launch Powers Optimism ($OP) Token, Here’s Why
Coinbase Optimism Partnership: Cryptocurrency exchange Coinbase on Thursday unveiled Base — a testnet version of its newly developed Ethereum Layer 2 network. This marks Coinbase’s official entry into the layer 2 space, which offers faster and cheaper blockchain solution. The crypto exchange aims to make it easy for developers to build apps and link to Coinbase Global products. The Coinbase layer 2 Base runs on OP Stack, a layer 2 network solution developed by Optimism ($OP) network.
Also Read: US Fed Warns Banks Of Crypto Related Liquidity Risks
The Coinbase layer 2 launch news led to significant rise in buying interest for Optimism ($OP) token. Coinbase will be a sequencer for Base transactions, but will eventually have a fully permission less validator set. As Coinbase’s native blockchain, Base will be hosting many of the exchange’s products.
Optimism ($OP) Rallies On Base Launch
A layer-two blockchain on Ethereum network, Optimism’s native token OP took a jump immediately after the official Base announcement. With a current market cap of $680 million, the Optimism token is ranked 75 among all cryptocurrencies based on market size. At $2.88, the Optimism token price is currently not too far away from its all time high of $3.11. Read More to know about other layer 2 blockchains..
Also Read: FTX Founder Hit With 4 New Charges; Can Sam Bankman-Fried Make A Comeback?
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Cardano’s DeFi TVL Climbs as USDCx Stablecoin Launches on Network
- Gold vs. Bitcoin: Can Gold Outperform BTC Amid US–Iran Conflict?
- Bitcoin Faces $1.8B in Panic Selling as U.S.-Iran Airstrikes Escalate; Will BTC Crash Below $60k?
- Gold ETF vs Tokenized Gold: Who Could Outperform in 2026?
- Crypto Weekly Wrap: Jane Street Targeted After Terra Suit, Vitalik’s ETH Selloffs, Regulatory Progress Feb 23-27
- Top Analyst Predicts Pi Network Price Bottom, Flags Key Catalysts
- Will Ethereum Price Hold $1,900 Level After Five Weeks of $563M ETF Selling?
- Top 2 Price Predictions Ethereum and Solana Ahead of March 1 Clarity Act Stablecoin Deadline
- Pi Network Price Prediction Ahead of Protocol Upgrades Deadline on March 1
- XRP Price Outlook As Jane Street Lawsuit Sparks Shift in Morning Sell-Off Trend
- Dogecoin, Cardano, and Chainlink Price Prediction As Crypto Market Rebounds
