Optimism
Why Optimism is down 23.6% today
Analysis
Optimism (OP) fell 23.6% over the past 24 hours as sentiment weakened following reports that Coinbase-backed Base may move away from Optimism’s underlying tech stack, raising concerns about Optimism’s longer-term role in Base’s roadmap. While Ether.fi’s decision to migrate its crypto card product to OP Mainnet from Scroll is a positive ecosystem signal, it wasn’t enough to offset the market impact of the Base-related headlines.
Contributing Factors (3)
Ether.fi Moves Crypto Card Product to OP Mainnet From Scroll
Ether.fi Migrates Crypto Card From Scroll to OP Mainnet The post Ether.fi Moves Crypto Card Product to OP Mainnet From Scroll appeared first on Cryptonews.
Coinbase-Backed Ethereum Network Base to Dump Optimism Tech as Potential Token Looms
Ethereum layer-2 network Base is leaving behind the Optimism technology stack as it seeks faster upgrades and reduced overhead.
Ether.fi shifts non-custodial crypto card product to OP Mainnet from Scroll
Ether.fi will migrate roughly "70,000 active cards, 300,000 accounts, and millions in user TVL to Optimism," over the coming months.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.