The native token costs from a number of initiatives that make use of Ethereum Layer 2 scaling resolution Optimism have spiked round 20% amid rumors that the community will quickly launch a token and airdrop it to the neighborhood.
Optimism is a Layer 2 scaling resolution that makes use of Optimistic rollups to course of a excessive quantity of transactions off the Ethereum blockchain. The challenge touts that it might function sensible contracts 5 to 500X cheaper than Ethereum’s Layer 1.
Based on DeFiLlama, the platform at the moment accounts for $496.47 million value of complete worth locked (TVL) from 30 totally different initiatives that use it to scale reminiscent of Synthetix (SNX), UniSwap (UNI), Stargate Finance (STG) and Perpetual Protocol to call just a few.
The rumors of a potential token distribution to customers of the associated initiatives began to swirl on Twitter earlier at the moment after Optimism published a weblog submit titled “A New Chapter” which recapped the challenge’s efficiency since its launch early final yr, together with outlining its plans shifting ahead.
The group highlighted notable milestones over the previous 12 months reminiscent of $17.4 billion value of transaction quantity, $24.5 million value of income and saving $1.1 billion value of fuel charges.
Optimism’s story to date, by the numbers:
Saved $1.1B in fuel charges
On-boarded 300k distinctive addresses
Secured $900M of worth
Facilitated $17.4B in TX quantity
Generated $24.5M in incomeA brand new chapter is close to.
Let’s take a minute to replicate on the trail to date.
— ✨ Optimism.io/amsterdam (@optimismPBC) April 19, 2022
Whereas Optimism didn’t straight state something about launching or airdropping a local token, onlookers highlighted the final part of the submit which outlines a brand new stage of growth that shall be pushed by the neighborhood:
“The community has grown by leaps and bounds, and it’s solely getting higher by the day. Our child has discovered to stroll, and it’s almost time to run. We’re nearing the tip of a chapter and the start of the subsequent––one pushed by neighborhood possession and governance.”
Commenting on the wording of the submit, self-described “grasp airdrop hunter” “OlimpioCrypto” suggested to their 7,164 Twitter followers that SNX is likely to be the token to keep watch over for potential airdrops, as Synthetix was the primary protocol to begin working with Optimism.
“Staff at Optimism began working with Synthetix earlier than every other protocol. $SNX holders, there is likely to be a deal with for you. Holding tokens staked is likely to be the play,” they wrote.
An analogous account in “defi_airdrops” additionally pointed to different widespread initiatives on Optimism reminiscent of Hop Protocol, Lyra Finance and the Polynomial Protocol.
Rumours {that a} L2 is launching a token imminently.
Is it @optimismPBC ?
When doubtful go bridge into Optimism now and help one of the best initiatives
– LP in @HopProtocol
– LP in @lyrafinance
– Stake $SNX
– Commerce @kwenta_io
– Deposit in @PolynomialFi https://t.co/UaXpIAr58A— DeFi Airdrops (@defi_airdrops) April 13, 2022
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Whereas not all the tokens associated to Optimism are pumping, over the 24 hours SNX, Lyra Finance (LYRA) and Synapse (SYN) have all seen substantial will increase in worth.
Based on knowledge from Coingecko, SYN is up 26.2% to sit down at $3.37, SNX is up 21.5% to $6.18 and LYRA has gained 18.4% to succeed in $0.24.
Trying again at DeFi Llama, Synthetix — which is the most important platform on Optimism — has seen its TVL achieve 13.4% over the previous 24 hours to prime roughly $203.3 million, suggesting that so buyers could also be speeding to stake SNX in anticipation of an announcement from Optimism.
Appears to be like like whales heard in regards to the imminent @optimismPBC governance smth being launched, and what higher method to be a part of the enjoyable than @synthetix_io ecosystem fam! pic.twitter.com/ILLMBZFI1u
— Danijel (@veryHighLander) April 19, 2022
