What Happened on Feb. 28th | Preparing for Optimism Milestone
The next biggest milestone for Optimism is the Bedrock upgrade, which is expected to significantly improve the performance and stability of the network.
The Bedrock upgrade includes several improvements, including Optimized Rollup Data Availability and several security enhancements, including improved fraud proofs.
On February 3rd, the Optimism Goerli Testnet successfully implemented the Bedrock Upgrade. The upgrade proposal for the mainnet is scheduled for April 5. A few months ago, Arbitrum completed a similar upgrade called Nitro that led to a huge increase in daily transactions. The Bedrock Upgrade could result in a similar activity growth for Optimism.
It takes half a month to a month for a narrative to materalize, so it's time to prepare.
Biggest Gainers & Losers
Velodrome DEX on Optimism sees Surged Trading Volume, Fee Income as well as Token Price: This move in all-time weekly fees and trading volume on the DEX follows Coinbase's announcement last week launching Base, another layer two network built using Optimism tech, which has sparked interest in Optimism's ecosystem.
Shanghai Upgrade Goes Live on Sepolia Testnet: Sepolia is the second testnet after Zhejiang to complete the Shanghai upgrade. Before the upgrade is activated on the mainnet, it will go through the third and final test on the Goerli testnet.
Hot projects on the market
Optimism-based NFT Marketplace Quix to Resume Operations
Yuga Labs to Release Bitcoin NFT Collection on Ordinals Protocol
Metaverse Project Gamium Announces Partnership With Meta, Tokens up Over 400%
Other news in case you missed it:
Binance Will List Liquity ($LQTY) in the Innovation Zone
Avalanche Node Now Live on Tencent Cloud, Ava Labs and Tencent Cloud Collaborate to Advance Web3 Adoption in APAC
Visa and Mastercard Pause New Crypto Partnerships, Reuters Reports
Liquid Staking Protocol ether.fi Raises $5.3M Co-led by North Island Ventures and Others
Fixed-rate Lending Protocol Term Finance Raises $2.5M with Coinbase Ventures Involved
Decentralized Telecommunication Service Provider REALLY Raises $18M Led by Polychain