OP Crashes 25% After Base Moves Away From OP Stack
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OP token fell nearly 25% following Base's announcement to migrate away from the OP Stack to its own stack, raising concerns over potential economic impacts on the Superchain ecosystem. Base, with a total value locked (TVL) of $3.85 billion, has been closely linked to Optimism's revenue, which may now be at risk.
- OP fell nearly 25% after Base revealed stack migration plans.
- Base holds $3.85 billion TVL, deeply tied to Optimism revenue.
- The move is technical, but investors fear economic impact on Superchain.
OP dropped nearly 25% in 24 hours after Base revealed it is moving away from the OP Stack to its own unified technical stack. The sell-off pushed OP toward $0.12, as investors quickly reassessed the long-term impact on Optimism and its Superchain ecosystem.
Why Base Matters So Much
Base launched in 2023 and rapidly became one of the most widely used Ethereum layer-2 networks. Today, it has about $3.85 billion locked in the protocol. When Base first went live, both teams shared that Base could earn up to 118 million OP tokens over six years, tying its growth closely to Optimism’s economics.
Because Base generated significant activity and revenue within the Superch…
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OP Crashes 25% After Base Moves Away From OP Stack
Share:
OP token fell nearly 25% following Base's announcement to migrate away from the OP Stack to its own stack, raising concerns over potential economic impacts on the Superchain ecosystem. Base, with a total value locked (TVL) of $3.85 billion, has been closely linked to Optimism's revenue, which may now be at risk.
- OP fell nearly 25% after Base revealed stack migration plans.
- Base holds $3.85 billion TVL, deeply tied to Optimism revenue.
- The move is technical, but investors fear economic impact on Superchain.
OP dropped nearly 25% in 24 hours after Base revealed it is moving away from the OP Stack to its own unified technical stack. The sell-off pushed OP toward $0.12, as investors quickly reassessed the long-term impact on Optimism and its Superchain ecosystem.
Why Base Matters So Much
Base launched in 2023 and rapidly became one of the most widely used Ethereum layer-2 networks. Today, it has about $3.85 billion locked in the protocol. When Base first went live, both teams shared that Base could earn up to 118 million OP tokens over six years, tying its growth closely to Optimism’s economics.
Because Base generated significant activity and revenue within the Superch…
Read The Full Article OP Crashes 25% After Base Moves Away From OP Stack On Coin Edition.
In This News
Share:
In This News
Share:
Read More
SNX Jumps 17% After Robinhood Listing as Traders Watch Key Levels