OPTIMISM
Optimism Announces Third Airdrop Allocations
Optimism, an Ethereum Layer 2 solution, announced its third airdrop, "OP Airdrop #3," which allocated 19 million OP tokens to 31,870 addresses. The airdrop aimed to incentivize active participation in governance through delegation of voting power. The reward types included government delegation rewards and voting delegate bonuses. Optimism plans to allocate 19% of the initial OP token supply for future airdrops.
BNB and Optimism Synergy: opBNB Mainnet Launches with a Vision for a Billion Web3 Users
The opBNB Mainnet, an Ethereum Virtual Machine (EVM)-compatible Layer 2 chain, has gone live on September 13, 2023. Launched on June 19, it has seen over 35 million transactions and connections to 435,972 wallet addresses. The Mainnet offers reduced gas fees, trustless security protocols, and improved user experience. Post-launch, opBNB focuses on strengthening network resilience and decentralization, fostering an integrated ecosystem for developers.
Ethereum Layer 2: A Simplified Overview
Ethereum Layer 2 projects, such as Optimism, Arbitrum, and zkSync, aim to increase transaction throughput and reduce costs while maintaining security and decentralization properties. L2 solutions operate atop the existing blockchain, allowing for off-chain processing and a more scalable approach. They offer lower transaction costs, improved transaction capacity, and maintained security. Types of L2 solutions include rollups, state channels, and plasma. Projects like Arbitrum, Optimism, and zkSync are pioneering the L2 space, aiming to improve Ethereum's efficiency and scalability.
Ethereum ERC-4337 Account Abstraction Grant Round Recipients Announced
The Ethereum Foundation has awarded grants to 18 teams in its ERC-4337 Account Abstraction grant round, supporting projects focused on ERC-4337. Notable recipients include ZeroDev Kernel, Skandha Bundler, and MynaWallet, which integrates with the Japanese Government-Issued ID Card. These grants promote modularization, diverse blockchain applications, and enhance the Ethereum network's capabilities.
OKX NFT Adds Base, Linea Support, Beyond Ethereum, Optimism, Polygon
OKX expands NFT Marketplace compatibility to 17 blockchains, including Base and Linea, enhancing interoperability and composability, and utilizing over 11 blockchain networks as a centralized hub for NFT transactions.
USDC will integrate into Polkadot, NEAR, Base, Cosmos' Noble, and Optimism this September
Circle, the creator of USDC stablecoin, is expanding its reach to six new blockchain ecosystems, including Base, Cosmos via Noble, NEAR, Optimism, and Polkadot, solidifying its market leadership.
Balancer's $2.1M Breach Impacts Pools Across Ethereum, Fantom, and Optimism
PeckShield Inc. has reported a $2.1 million loss on the Balancer platform, affecting multiple pools across Ethereum, Fantom Foundation, and Optimism Foundation. The loss, including Beethoven X, is believed to be miscalculated.
Significant Unlock of Optimism's OP Tokens Imminent, Wintermute Transfers a Large Batch to Binance
According to Token Unlocks data, a significant amount of Optimism's OP tokens is scheduled for release on May 31st. A total of 386,547,056.64 OP tokens, equivalent to approximately $587 million and accounting for 9% of the total supply, are set to be unlocked.
Ethereum Layer 2s See Surge in Popularity in Q1 2023
Alchemy's Q1 2023 report shows Ethereum layer 2 networks, including Optimism, Arbitrum and Polygon, saw a 44% increase in bridged crypto assets compared to Q4 2022, and a 518% increase compared to Q1 2022. The report suggests this growth may have been driven by successful airdrops from Optimism and Arbitrum. Additionally, the deployment of smart contracts related to layer 2s increased by 160% compared to Q1 2022, despite a 30% decrease from Q4 2022.
Kokomo Finance Accused of $4M Exit Scam
Kokomo Finance, an open-source and noncustodial lending protocol on Optimism, is suspected of an exit scam worth $4 million. The protocol allegedly plucked user funds via a smart contract loophole, causing the Kokomo Finance token to plummet 95% in value. Blockchain security firm CertiK alerted its followers to the situation, noting that Kokomo Finance removed all social media accounts following the incident.
Curve Finance Submits Application for 1 Million OP Token Grant
Curve Finance has submitted a governance proposal on Optimism for a 1 million OP token grant, according to a post on the Optimism forum submitted on July 24.
Ethereum Layer 2 Startup Optimism Raises $150m in Series B Round
Ethereum scaling startup Optimism has secured a $150 million Series B round co-led by Andreessen Horowitz and Paradigm.