Coinbase’s Layer 2 solution BASE has triggered an on-chain bull rally. Built on Optimism’s OP stack, BASE’s popularity has allowed many investors to t
urn a few hundred dollars into impressive returns. In a recent announcement, Layer 2 scaling solution Optimism said it is collaborating with BASE, an alliance that could benefit OP holders.
Token unlocks are typically considered as bearish events for the assets involved. bBased on the price charts of OP, HBAR and dYdX , the upcoming unlocks accentuate the existing downward trend in prices. Shiba Inu ecosystem’s Layer 2 chain, Shibarium, is live after a botched mainnet launch on August 16. While users lost access to their Ethereum and BONE tokens when they were “paused” on the Shibarium bridge, Shytoshi Kusama and SHIB developers worked to reinstate withdrawals and reintroduce access to funds on the chain.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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