Cryptocurrency News

Optimism-based projects spike on rumors of token airdrop

04/20/2022

Less than a minute

2022.04.20 09:51

Optimism-based projects spike on rumors of token airdrop

The native token prices from multiple projects that employ Ethereum Layer 2 scaling solution Optimism have spiked around 20% amid rumors that the network will soon launch a token and airdrop it to the community.

Optimism is a Layer 2 scaling solution that utilizes Optimistic rollups to process a high amount of transactions off the Ethereum blockchain. The project touts that it can operate smart contracts 5 to 500X cheaper than Ethereum’s Layer 1.

04/20/2022

Less than a minute

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