• Optimism (OP) soars after Binance proclaims improve and laborious fork assist

Optimism (OP) worth rose greater than 5% on December twenty seventh, topping an intraday excessive of $1.89.

The good points for the layer-2 blockchain community’s native token have been pushed by the group reacting to optimistic information. Earlier within the day, Binance, the world's largest cryptocurrency trade by buying and selling quantity, introduced that it’ll assist an upcoming community improve and Optimism laborious fork.

Binance helps Optimism (OP) community upgrades and laborious forks
👉https://t.co/LtO3AKJmZm

— Binance (@binance) December 27, 2024

Optimism's community improve and laborious fork will happen on January 9, 2025 at 18:00 UTC.

“From round 2025-01-09 17:00 (UTC), Binance will droop token deposits and withdrawals on the Optimism (OP) community as a way to assist community upgrades and laborious forks to make sure the very best person expertise. ” Binance wrote in an announcement.

OP protocol improve

Optimism's community improve is a serious milestone for the undertaking, because it targets vital enhancements throughout person expertise, scalability, and efficiency. The undertaking mentioned in an announcement that the protocol improve will foster interoperability and innovation within the OP ecosystem.

Binance’s assist notification elevated general sentiment round optimism. In accordance with the trade, customers ought to be aware that regardless of the change or suspension of deposits and withdrawals, OP transactions on the community won’t be affected.

As Binance factors out, the trade will deal with all technical necessities relating to the laborious fork for its customers. The platform additionally plans to renew deposits and withdrawals as soon as the community stabilizes.

OP worth reached an all-time excessive of $4.84 in March 2024. This implies the present worth is about 61% away from its peak. Nevertheless, the upward momentum has seen the worth of OP token improve by 15% prior to now week.