It's easy to get lost in the sea of buzzwords and jargon. But every once in a while, there's news that really grabs the attention of investors and enthusiasts alike.
Coinbase, the Nasdaq-listed digital assets exchange, just announced a new Ethereum scaling product that's got everyone talking. And it's not just because of the potential impact on the crypto world. It's also because of the sweet gains that some lesser-known tokens are experiencing thanks to their ties to the Optimism ecosystem.
VELO, the native token of Velodrome Finance, is up over 20% in the past 24 hours, and has more than doubled in value in just one week. And that's just the tip of the iceberg. SONNE, OPX, PERP, and even THALE, HND, RING, and PICKLE are all seeing double-digit gains too.
What's driving all this hype?
Well, Coinbase's new Ethereum layer 2 scaling product, Base, is leveraging Optimism's technology. And the speculation on Crypto Twitter is that this could be the start of something big. A KYC-based DeFi portal that opens the door for institutional investors? A decentralized, permissionless superchain powered by Optimism? The possibilities are endless.
But let's not get ahead of ourselves. For now, the focus is on Base and its potential to be a go-to place for decentralized applications.
So, what's next for Base and the Optimism ecosystem?
Only time will tell. But one thing's for sure, this is a story worth keeping an eye on. Who knows, we might look back on this moment as the start of something truly groundbreaking in the world of crypto.
#Optimism #DeFi #Binance #crypto2023 #dyor