Optimism’s OP Token has attracted $90 million from venture capital firm a16z, which is showing a greater interest in the Ethereum Layer 2 ecosystem. Known for its steady performance and continuous airdrops, optimism is still getting a lot of attention in the cryptocurrencycurrency world.
Optimism’s OP token rose 11.01% to $2.72 over the course of the previous day, and trading volume surged to around $623.98 million, a 44.94% gain. The market value of OP has increased to over $2.84 billion.
A representative for Optimism expressed enthusiasm for the platform’s present growth and upcoming plans. Notably, Optimism’s technology was incorporated by Celo blockchain engineers to introduce its Layer 2 solutions, demonstrating its expanding power.
This action is in line with a16z’s broader cryptocurrencycurrency market strategy, which has included prior investments in Coinbase. An earlier report this year mentioned that the exchange activity and strategic governance work surrounding Optimism’s offerings had been highlighted by the Optimism Foundation’s recent large-scale sale of OP tokens, according to one source.
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