Optimism Activates Bedrock Update
Reading Time: < 1 minute
The Optimism (OP) token rose to $1.54 in preparation for the activation of the Bedrock upgrade for the Optimism layer 2 Ethereum network.
After a correction, the asset is now trading around $1.45. This marks a growth of 3.5% compared to Bitcoin’s 4.1% over the same period, resulting in a 3% increase in market capitalization (CoinGecko).
The developers announced back in February the proposed update of Bedrock, causing the price of OP to jump by more than 20%.
The upgrade process took place from June 6 to 7, resulting in a 10% cost reduction, a deposit confirmation time reduction to approximately 3 minutes, and an improvement of performance by new transaction block capabilities. As of now, all key network infrastructure is stable.
Follow and like us on
