What is Optimism (OP)?

Optimism is a Layer-2 scaling solution developed to enhance the Ethereum network. By reducing transaction fees while improving speed and efficiency, the OP network enables Ethereum-based applications to operate faster and at lower costs. Serving as critical infrastructure for DeFi, NFT, and Web3 projects, Optimism is rapidly gaining popularity among developers and users alike.

Robinhood’s Crypto Expansion

Robinhood US is widely known for its user-friendly interface tailored for retail investors in the US. In recent years, the platform has aggressively expanded into the crypto space. The listing of OP:

• Offers new investment opportunities to its user base.
• Increases the visibility of the Optimism ecosystem.
• Strengthens Robinhood’s position in the US crypto market against competitors like Coinbase and Kraken.

The listing of OP on Robinhood US could boost the token’s liquidity and provide easier access for US-based retail investors. This development may lead to increased trading volumes and price movements in the short term. Furthermore, Robinhood’s regulatory-compliant structure stands out as a factor that reinforces investor confidence.

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Bitcoin Intraday Key Levels

The BTC/USD pair has gained 1.29% in the last 24 hours and is currently trading at $85,448. If Bitcoin (BTC) loses the $80,800 support level, the next key support is at $78,000. On the upside, the first resistance level is at $86,800, followed by $90,600.

Ethereum (ETH): The ETH/USDT pair has decreased by 0.34% in the last 24 hours and is currently trading at $2,229. Resistance levels for ETH are at $2,295, followed by $2,370. Support levels are at $2,150 and $2,050.

Internet Computer (ICP): The ICP/USDT pair has decreased by 1.11% in the last 24 hours and is currently trading at $6.44. Resistance levels for ICP are at $6.65, followed by $7.40. Support levels are at $6.12, with further support at $5.60 if the decline deepens.

Mina (MINA): The MINA/USDT pair has decreased by 1.52% in the last 24 hours and is currently trading at $0.31. Resistance levels for MINA are at $0.326, followed by $0.37. Support levels are at $0.293, with further support at $0.274 if the decline deepens.

Optimism (OP): The OP/USDT pair has decreased by 3.43% in the last 24 hours and is currently trading at $1.04. Resistance levels for OP are at $1.09, followed by $1.19. Support levels are at $0.96, with further support at $0.79 if the decline deepens.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market include Sonic (prev. FTM) (S), Berachain (BERA), and Solana (SOL). The top gainers list features The Grays Currency (PTGC), Ket (KET), and Peanut the Squirrel (PNUT). Meanwhile, the top losers list includes Tokenize Xchange (TKX), Morpho (MORPHO), and AI Companions (AIC).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the most notable liquidation on the upside is at the $86,780 level, with $35.68 million in liquidations. On the downside, the key liquidation level stands at $84,476, with $31.89 million in liquidations.

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Upcoming Lock Expansions and Details

February 7, 2025

• SUI (Sui): SUI 378,060 ($1.29M) → Market capitalization impact: 0.01
• WLD (Worldcoin): 3.42M WLD ($4.32M USD) → Market capitalization impact: 0.33

February 9, 2025

• SEI (Sei): SEI 5.24M ($1.44M) → Market capitalization impact: 0.11
• TIA (Celestia): TIA 998,404 ($3.71M) → Market capitalization impact: 0.19

February 10, 2025

• GT (GateToken): 6.67M GT ($156.13M) → Market capitalization impact: 7.51

February 12, 2025

• AXL (Axelar): AXL 12.46M ($6.26M) → Market capitalization impact: 1.35

February 14, 2025

• OP (Optimism): 24.16M OP ($28.34M) → Market capitalization impact: 1.49
• PRIME (Echelon Prime): 1.66M PRIME ($9.34M) → Market capitalization impact: 3.04
• CPOOL (Clearpool): 6.86M CPOOL ($1.61M) → Market capitalization impact: 0.93

February 16, 2025

• DYDX (dYdX): 8.35M DYDX ($6.70M) → Market capitalization impact: 1.14

Possible Market Impacts

The upcoming token lock expansions are at remarkable levels, especially for large projects such as GT (7.51%) and OP (1.49%). Large-volume expansions can put selling pressure on the market and lead to price volatility.

Lower-impact expansions such as WLD, TIA and SEI may partially affect prices, but are not expected to create major selling pressure. However, it is important for investors to closely monitor the volume and price movements of these tokens.

On the other hand, tokens with moderate impact, such as DYDX and AXL, may be priced with the whale movements of large investors. It is critical for traders to be wary of potential sell-offs in the market.

This kind of key breakout data provides investors with important information when formulating their strategies. It is of great importance to follow the market movements after the lock-ups and to be prepared for possible price fluctuations.

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In its report for Q4 2024, Grayscale highlighted 20 altcoins with growth potential, taking into account market trends and key factors specific to each token. The list now includes 6 new altcoins: SUI, TAO, OP, HNT, CELO, and UMA. However, RENDER, MNT, RUNE, PENDLE, ILV, and RAY have been removed from the previous list.

According to Grayscale, the altcoins with high potential for the fourth quarter are as follows:

• Bitcoin (BTC)
• Ethereum (ETH)
• Solana (SOL)
• Toncoin (TON)
• Chainlink (LINK)
• Near (NEAR)
• Uniswap (UNI)
• Sui (SUI)
• Bittensor (TAO)
• Stacks (STX)
• Aave (AAVE)
• Optimism (OP)
• Arweave (AR)
• Maker (SKY)
• Helium (HNT)
• Lido DAO (LDO)
• Akash Network (AKT)
• Aerodrome (AERO)
• Celo (CELO)
• UMA Protocol (UMA)

Additionally, it was stated, “This quarter, we have removed the following projects from the Top 20: Celo. Grayscale Research continues to value each of these projects, and they remain important elements of the crypto ecosystem. However, we believe the revised Top 20 list may offer more attractive risk-adjusted returns for the upcoming quarter.

Investing in the crypto asset class involves risks, including some unique to the crypto space, such as smart contract vulnerabilities and regulatory uncertainty. Furthermore, all assets in the Top 20 have high volatility and carry high risks, making them unsuitable for all investors. In light of the risks associated with the asset class, any investment in digital assets should be considered within the context of a portfolio and with the investor’s financial goals in mind.”

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Chiliz (CHZ) PEPPER Airdrop Distribution Begins

Chiliz will distribute the PEPPER Airdrop to users who own or stake 100 CHZ tokens on the Chiliz Chain. For every CHZ token, 150,000 PEPPER tokens will be given. This airdrop presents a profitable opportunity for investors, and its impact on Chiliz and the PEPPER token will be closely monitored.

Electra Protocol (XEP) Decentralized Exchange Launch

Electra Protocol will launch its much-anticipated decentralized exchange (DEX) platform tomorrow. Electra DEX aims to offer users the benefits of low transaction fees and high speed.

Optimism (OP) Token Unlock Event!

Optimism will unlock approximately 31.34 million tokens tomorrow. This represents 2.64% of the circulating supply and could create short-term selling pressure for investors.

These Altcoins Could Be Active Tomorrow!

• Cardano (ADA): In the third quarter of 2024, two new community hubs will be opened to support the development of local projects.
• Lumerin (LMR): Will enable participation in token validation processes through its “Validator-as-a-Service” offering.
• KRYZA Network (KRN): With the listing of KRYZA Diamond, Bitcoin rewards will increase from 5x to 12x.
• Theta Network (THETA): Will enhance security by adding blind signature support to Ledger wallets.

Additionally, other notable developments such as Lumerin’s community staking program, the new version of Verasity (VRA) wallet, and the Magic (MAGIC) mainnet launch will also attract investors’ attention.

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Among the lately added cryptocurrencies are SUI, TAO, OP, HNT, CELO, and UMA. Dropped off the list instead were RENDER, MNT, Rune, PENDLE, ILV, and RAY. These projects mirror Grayscale’s changing view on bitcoin projects and present market dynamics.

The research offers some innovative project concepts. Designed for instance by former Meta engineers, Sui is a third-generation blockchain. Following a recent upgrade enhancing Solana’s transaction speed by 80%, Sui’s network consumption has skyrocketed, exceeding Solana in this respect and ensuring a good list ranking.

Another effort bringing about transformation is optimism since it provides a solution for Ethereum’s scalability issues. Its execution in well-known initiatives including Sam Altman’s Worldcoins project and Coinbase’s Layer 2 network Base has inspired future hope.

The book also notes UMA and Celo. While UMA offers a distributed oracle network for prediction markets like as Polymarket, Celo specializes on stablecoins and payment systems in emerging nations. Particularly thankful of Opera’s MiniPay function; Celo has lately been rather popular in Africa and consumes more stablecoins than Tron.

Helium made the list under its direction in the DePIN area and with high reputation for sustainable income source. Helium’s over a million access points and 100,000 mobile customers reinforce its position in the market given more than $2 million in network fees.

Among efforts at the junction of artificial intelligence and cryptocurrencies, Bittensor stands out in trying to provide a distributed platform for artificial intelligence innovation. Its listing shows Grayscale’s awareness of evolving market structure as well as the expanding influence of artificial intelligence on the crypto scene.

Extensive research by Grayscale provides investors with a road map and perceptive analysis of which projects might take front stage in the future months.

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Positive developments continue in Hong Kong, which is taking important steps towards becoming a cryptocurrency hub.

In this context, HashKey, the first licensed cryptocurrency exchange in Hong Kong, is making altcoin listings for professional investors, and the latest listing is for Toncoin (TON).

Haskey announced that TON trading will start on May 09 and made the following statement:

“We are excited to announce that Toncoin will be listed on HashKey Exchange, a licensed virtual asset exchange in Hong Kong.

The listing information and schedule for TON are as follows:

TON deposit and withdrawal transactions are currently open.

TON trading is scheduled to open on May 09, 2024 at 16:00 (UTC+8).

The listed trading pair will be TON/USD, and this trading pair will only be available to professional investors.”

HasKey has listed many altcoins before. In this context, the exchange announced that it had listed altcoins such as Chainlink (LINK), Aave (AAVE), Cosmos (ATOM), Lido DAO (LDO), Maker (MKR), Polkadot (DOT), Litecoin (LTC) and Compound (COMP) in previous months.

Currently, BTC/USD, ETH/USD, USDT/USD, AVAX/USD, UNI/USD, LINK/USD, LDO/USD, ATOM/USD, AAVE/USD, MKR/USD, DOT/USD, COMP/USD, RNDR/USD, DYDX/USD, LTC/USD, OP/USD pairs are listed.

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Worldcoin is now advancing to a new phase by launching its own dedicated network on the OP Stack, known as World Chain. This significant step not only marks a milestone for the Worldcoin protocol but also strengthens the collaborative efforts with the Optimism Collective. World Chain is specially designed to incorporate all human interactions onto the blockchain. It distinguishes itself by prioritizing transactions made by verified humans over bots through the innovative World ID system. This approach aims to alleviate congestion and reduce fees. It facilitates more efficient, cost-effective, and reliable transactions for individuals on a massive scale.

Superchain Synergy: Building on the OP Stack

The Superchain leverages the OP Stack to provide a robust economic model. This model supports scalability and reduced costs, benefiting builders and users alike. By participating in the Superchain, World Chain gains access to interact with various other networks. These networks include Base, Mode, OP Mainnet, and Zora. World Chain continues to support Ethereum’s network and governance.

Proving Humanness Onchain: The Heart of Worldcoin’s Vision

Central to Worldcoin’s ethos is the goal to onboard all humans onto the blockchain. This goal is facilitated by the integration of new digital identity tools like World ID. This initiative not only advances Worldcoin’s vision but also aligns with the Optimism Collective’s broader goal. The goal is to foster a scalable, inclusive digital economy. This economy enhances onchain identity verification and supports diverse applications from governance to gaming.

Anticipated to launch later this summer, World Chain promises to redefine the blockchain landscape. It offers a unique and transformative platform that champions human-centric interactions and fosters a thriving digital economy.

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Optimism Foundation, a key contributor to the development and maintenance of the Optimism network, executed this private token sale on Friday. The Optimism network operates as a blockchain platform facilitating transactions on Ethereum.

Under the terms of the sale, the purchased tokens will be locked up for two years. However, the buyer retains the option to delegate these tokens to external parties for engagement in governance activities, granting similar privileges as an unvested holder.

These tokens originated from the unallocated section of the OP Token treasury, constituting part of the foundation’s initial operational budget, which allocated 30% of the initial OP token supply. As of the recent transaction, the OP token’s circulating supply stood at 1 billion tokens, with a total supply of 4.29 billion.

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More than 10 Million OP Distributed to Wallets!

Optimism, managed to make its users smile with the post it made last night. Layer-2 network Optimism announced that the fourth airdrop distribution has taken place.

The distribution involves the distribution of over 10 million OP to more than 22 thousand wallets. This amount corresponds to approximately 41 million dollars in value.

The Airdrop took place under the title of “A big community needs artists.” as the reward for their productivity on the Optimism network over the past year.

In the additional announcement made, it was stated that it is the first airdrop event on Optimism’s Superchain.

1/ Create together, and benefit together. That’s the Superchain.

Today, @Optimism unveils Airdrop #4.

Allocating 10M+ OP to over 22k unique addresses.

Read more about how to claim here: https://t.co/smGLcc4yID pic.twitter.com/E8YUGFo8gW

— Optimism (@Optimism) February 20, 2024

There Was Also Mention of Those Who Missed The Surprise Distribution!

In the sharing made, it was also referred to users who missed the fourth airdrop event. The Optimism team shared that distributions will take place throughout the Superchain and there is 560 million OP left for future airdrop events.

Click here to check if you have won a reward and collect your rewards!

In recent periods, OP, which has managed to maintain its popularity, managed to rise to the $4.2 level with the post titled “Optimism (Optimism) always wins.” made from X’s official account yesterday and the surprise airdrop news that came in the evening. It is trading at the $3.7 level at the time of writing.

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