The value of layer 2 community Optimism’s OP token has additionally surged over the previous week. OP reached an all-time excessive of over $2.50 on Wednesday amid rising adoption of layer 2 networks. “Individuals need layer 2 tokens, and so they see layer 2 adoptions occurring,” stated Nick Hotz, vice chairman of analysis on the digital asset-management agency Arca, referring to the tokens related to companion blockchain programs. “Optimism is the one approach to get good publicity to that theme at present.” The OP token’s bounce has outpaced the highest two digital property by market capitalization, bitcoin and ether, which have risen 39% and 33%, respectively, in 2023.
