- Optimism (OP) surged after Binance introduced improve and exhausting fork assist
Optimism (OP) worth rose by greater than 5% on Dec. 27, breaking to intraday highs of $1.89.
The features for the native token of the layer-2 blockchain community got here because the neighborhood reacted to constructive information. Earlier within the day, Binance, the world’s largest crypto trade by quantity, introduced it will be supporting the upcoming community improve and exhausting fork of Optimism.
Binance Will Assist the Optimism (OP) Community Improve & Onerous Fork
👉— Binance (@binance) December 27, 2024
Optimism’s community ugrade and exhausting fork takes place on January 9, 2025 at 18:00 UTC.
“Starting at approximately 2025-01-09 17:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Optimism (OP) network to support its network upgrade and hard fork to ensure the best user experience,” Binance wrote in an announcement.
OP protocol improve
Optimism’s community improve is a significant milestone for the mission because it targets key enhancements throughout consumer expertise, scalability and efficiency. The mission stated in an announcement that the protocol improve will drive interoperability and innovation within the OP ecosystem.
Binance’s discover of assist boosts the general sentiment round Optimism. In accordance with the trade, customers ought to word that regardless of the modifications and halting of deposits and withdrawals, OP buying and selling on the community will stay unaffected.
As Binance notes, the trade will deal with all technical necessities for the exhausting fork for its customers. The platform additionally plans to reopen deposits and withdrawals as quickly because the community turns into secure.
OP worth reached its all-time excessive of $4.84 in March 2024, which suggests the present worth is about 61% off that peak.Nevertheless, upside momentum has seen OP token’s worth soar 15% previously week.
