Optimism
Why Optimism is down 1.0% in the last hour
Analysis
Optimism (OP) slipped about 1% over the past hour as traders reacted to reports that Coinbase’s Base is moving away from the OP Stack, raising near-term uncertainty around Optimism’s ecosystem alignment and narrative. Decrypt highlighted the “Base breaks up with Optimism” angle, while AMBCrypto noted OP’s broader downside pressure tied to the same development, which likely kept sell pressure elevated in the short timeframe.
Contributing Factors (2)
Morning Minute: Base Breaks Up With Optimism
Base is taking their ball (onchain revenue) and going home (to their own chain).
Optimism down 22% as Base drifts from OP Stack: Is more decline coming?
Analyzing why Optimism's price dropped in the past 24 hours.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.