What Happened on June. 20th | OP Stack is Popular

The OP stack is a standardized, open-source development stack maintained by the Optimism Collective. The OP stack is designed to be modular and extensible, so that it can be used to build a variety of different L2 blockchains.

Some of the most prominent companies and builders are building Layer 2 chains using OP stacks. In February, Coinbase announced it will develop an Ethereum Layer 2 blockchain using OP stack. On May, Worldcoin, the crypto project launched by OpenAI CEO Sam Altman, announced it will support the Optimism Collective in brining the Superchain vision to life and build a scalable blockchain ecosystem built on the OP stack. World ID will be also available on OP mainnet.

On Monday, BNB Chain said it will build a Layer 2 opBNB using the OP stack.

Optimism has a potential to see a huge influx of users coming from Coinbase's Base L2 and Worldcoin commiting to building on top of OP's Superchain. While the potential influx of new users are promising, it is still unclear how $OP token could capture the value created by these projects building using the OP stack.

Biggest Gainers & Losers

Hot projects on the market

TokenInsight Enables Low-Cost Bulk Transfer on 9 Blockchains with New Open-Source Tool

Binance Working on Integrating Bitcoin Lightning Network

Osmosis Cuts Token Inflation by 50%, Explores Fee Sharing and Burning Menchanism

BNB Chain Announced opBNB, a Layer 2 Solution within BNB Ecosystem, using OP Stack

Other news in case you missed it:

Etherscan Launches AI-powered Code Reader to Interpret Smart Contract

Ethereum Developers Propose Raising Validator Limit to 2,048 $ETH From the Current 32 $ETH

Fundraising

Galaxy Finance Secured $30 million in Series B Funding, Led by BlackPine, QCP Capital and Tally Capital