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The native token prices from multiple projects that employ Ethereum Layer 2 scaling solution Optimism have spiked around 20% amid rumors that the network will soon launch a token and airdrop it to the community. <\/p>\n
Optimism is a Layer 2 scaling solution that utilizes Optimistic rollups to process a high amount of transactions off the Ethereum blockchain. The project touts that it can operate smart contracts 5 to 500X cheaper than Ethereum’s Layer 1. <\/p>\n
According to DeFiLlama, the platform currently accounts for $496.47 million worth of total value locked (TVL) from 30 different projects that use it to scale such as Synthetix <\/a>(SNX), UniSwap (UNI), Stargate Finance<\/a> (STG) and Perpetual Protocol to name a few. <\/p>\n The rumors of a possible token distribution to users of the related projects started to swirl on Twitter earlier today after Optimism published<\/a> a blog post titled \u201cA New Chapter\u201d which recapped the project\u2019s performance since its launch early last year, along with outlining its plans moving forward. <\/p>\n The team highlighted notable milestones over the past 12 months such as $17.4 billion worth of transaction volume, $24.5 million worth of revenue and saving $1.1 billion worth of gas fees<\/a>.<\/p>\n Optimism’s story so far, by the numbers:<\/p>\n Saved $1.1B in gas fees A new chapter is near.<\/p>\n Let\u2019s take a minute to reflect on the path so far.<\/p>\n \u2014 ✨ Optimism.io\/amsterdam (@optimismPBC) April 19, 2022<\/a><\/p><\/blockquote>\n While Optimism didn\u2019t directly state anything about launching or airdropping a native token, onlookers highlighted the last section of the post which outlines a new stage of development that will be driven by the community: <\/p>\n \u201cThe network has grown by leaps and bounds, and it\u2019s only getting better by the day. Our baby has learned to walk, and it\u2019s nearly time to run. We\u2019re nearing the end of a chapter and the beginning of the next\u2013\u2013one driven by community ownership and governance.\u201d<\/p><\/blockquote>\n Commenting on the wording of the post, self-described \u201cmaster airdrop hunter\u201d \u201cOlimpioCrypto\u201d suggested<\/a> to their 7,164 Twitter followers that SNX might be the token to keep an eye on for potential airdrops, as Synthetix was the first protocol to start working with Optimism. <\/p>\n \u201cTeam at Optimism started working with Synthetix before any other protocol. $SNX holders, there might be a treat for you. Keeping tokens staked might be the play,\u201d they wrote. <\/p>\n A similar account in \u201cdefi_airdrops\u201d also pointed to other popular projects on Optimism such as Hop Protocol, Lyra Finance and the Polynomial Protocol.<\/p>\n Rumours that a L2 is launching a token imminently.<\/p>\n Is it @optimismPBC<\/a> ?<\/p>\n When in doubt go bridge into Optimism now and support the best projects <\/p>\n – LP in @HopProtocol<\/a> \u2014 DeFi Airdrops (@defi_airdrops) April 13, 2022<\/a><\/p><\/blockquote>\n Related: <\/strong>Ethereum Merge a \u2018few months after\u2019 June: Dev clears up what\u2019s going on<\/strong><\/a><\/p>\n While not all of the tokens related to Optimism are pumping, over the 24 hours SNX, Lyra Finance (LYRA) and Synapse (SYN) have all seen substantial increases in value. <\/p>\n According to data from Coingecko, SYN is up 26.2% to sit at $3.37, SNX is up 21.5% to $6.18 and LYRA has gained 18.4% to reach $0.24. <\/p>\n Looking back at DeFi Llama, Synthetix \u2014 which is the largest platform on Optimism \u2014 has seen its TVL gain 13.4% over the past 24 hours to top roughly $203.3 million, suggesting that so investors may be rushing to stake SNX in anticipation of an announcement from Optimism. <\/p>\n Looks like whales heard about the imminent @optimismPBC<\/a> governance smth being released, and what better way to join the fun than @synthetix_io<\/a> ecosystem fam! pic.twitter.com\/ILLMBZFI1u<\/a><\/p>\n \u2014 Danijel (@veryHighLander) April 19, 2022<\/a><\/p><\/blockquote>\n<\/div>\n\n
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– LP in @lyrafinance<\/a>
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