- The Optimism Bedrock is stay on the Optimism mainnet.
- Optimism retained the second-largest market share amongst L2 options as OP declined.
On 8 June, Optimism [OP] declared the official launch of “Bedrock” on its Optimism Mainnet. This momentous improve, which concluded on 7 June, introduced a number of exceptional developments to the community, as shared by OP Labs.
Bedrock is stay on OP Mainnet! 🛏️🪨
This improve was a historic second for Optimism, and the complete Collective got here collectively to make it successful.
Listed here are a few of the issues we’re most happy with:
— Optimism (✨🔴_🔴✨) (@optimismFND) June 8, 2023
How a lot are 1,10,100 OPs value immediately?
The improve centered on three key areas: lowering deposit occasions, reducing layer-1 charges, and enhancing safety measures.
Bedrock aimed to decrease gasoline charges by a formidable 40% by implementing an optimized information compression technique. This discount in transaction prices would undoubtedly improve the general consumer expertise inside the community.
Introducing reorg assist signified a big step in direction of fortifying the community’s resilience and robustness.
Past these particular enhancements, the Bedrock improve was an integral a part of the developer’s broader imaginative and prescient to create a revolutionary “Superchain.” This imaginative and prescient entailed developing a community of interconnected chains, all leveraging Optimism’s OP Stack software program.
The Superchain would combine these particular person chains, enabling seamless communication and collaboration inside a unified setting.
How Optimism in comparison with different L2s
L2 Beats lately revealed that Optimism had secured a formidable place available in the market. As of this writing, it held the second-largest market share, accounting for about 19% of the market.
Moreover, Optimism had a considerable Whole Worth Locked (TVL) determine, exceeding $1.6 billion, signifying the platform’s stage of engagement and exercise.
In line with information from Santiment, there had been a decline within the 30-day lively addresses metric on Optimism. As of this writing, the variety of lively addresses inside that timeframe hovered round 147,000, displaying a discernible lower.
Supply: Santiment
These figures offered insights into the press time stage of interplay and consumer participation on the platform. Observing how the Bedrock improve may form these metrics might be fascinating.
The surge and decline of OP
When analyzing the day by day timeframe chart of OP, it turned evident that the token skilled a notable surge main as much as the improve. On 6 June, it witnessed a formidable leap of seven.72%, reaching a buying and selling worth of roughly $1.49.
Supply: TradingView
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Nevertheless, since then, the token has been dealing with a declining development, in the end shedding extra worth than it gained in the course of the surge.
As of this writing, the token was buying and selling at round $1.3, reflecting an addition of lower than 1% in its worth. The prevailing development additionally appeared bearish, because the Relative Energy Index (RSI) indicated.
