Optimism
Why Optimism is down 7.6% today
Analysis
Optimism (OP) fell 7.6% over the past 24 hours as investors reacted to reports that Coinbase’s Base is “breaking up” with Optimism/OP Stack, undermining near-term sentiment around OP’s ecosystem influence and future fee/usage capture. Decrypt and AMBCrypto both highlighted the shift away from OP Stack as a key narrative weighing on OP, despite some offsetting adoption news like Ether.fi moving its crypto card product to OP Mainnet from Scroll.
Contributing Factors (3)
Optimism down 22% as Base drifts from OP Stack: Is more decline coming?
Analyzing why Optimism's price dropped in the past 24 hours.
Morning Minute: Base Breaks Up With Optimism
Base is taking their ball (onchain revenue) and going home (to their own chain).
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.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.