As Web3 expands on Ethereum, the focus has once again shifted to Layer-2 scaling solutions.

Here’s a deep dive into Optimism - the underlying stack that powers Base, Ethereum’s newest Layer-2 solution.

➡️https://www.kucoin.com/blog/what-is-op-and-how-does-it-work

#Optimism #Layer2 #Ethereum $OP #Base

📈#KuCoin Market Watch - August 4, 2023:

📍 24H Long/Short Ratio: 49.35%/50.63%

📍 Ytd's Fear & Greed Index: 54 (Neutral)

📍 US legislators urge IRS to release crypto tax guidance for crypto brokers.

📍 #Curve founder sold 72M $CRV to 15 investors/institutions.

📍 #Crypto influencer discloses the appearance of a token named "X" in latest dev version of #X (Twitter).

📍 Traders dump $USDT on #Curve and #Uniswap, price drops below $1.

📍 $XDC continues to rise and becomes the top traded coin on #KuCoin

📍 #DeFi tokens $CRV, $MKR, $AAVE show signs of recovery.

📍 $OP: #Base mainnet, based on OP architecture, launches on Aug 9.

📍 $SHIB: No. of addresses reaches ATH, Layer 2 protocol #Shibaium will be released soon.

📈#KuCoin Market Watch - Aug 7, 2023:

📍24H Long/Short Ratio: 49.56%/50.45%
📍Ytd's Fear & Greed Index: 49 (Neutral)
📍#Ripple launches recruitment in the US, returning to the US market.
📍#CurveFinance's founder sells another 28.625M $CRV.
📍#Coinbase Layer2 network #Base has TVL of $111M.
📍Vyper Compiler releases vulnerability analysis report. Vulnerability fixed and tested in v0.3.1
📍$NYM, $HFT, $GLMR will unlock this week, totaling $54.23M.
📍$APE: A new proposal AIP-250 was raised to optimize $APE token staking smart contract, maximizing rewards and flexibility.
📍$YGG: Rose about 232% in the past week, with a TVL of $216M, surpassing its market cap. Some whales have started transferring tokens to exchanges, suspected to sell. Funding rate -2.09%.
📍API3: Price rises 65%, with TX Vol increased 20x. Funding rate -2.44%.
📍$HBAR: #Hyundai and #Kia will use #Hedera DLT to track carbon emission data from suppliers. $HBAR rises.
📍$UNIBOT: UNIBOT wallet features #ERC20 token transfer functionality.

#Base Network is the rising star of 2024. This #Ethereum #Layer2 scaling solution is poised to make waves with a more efficient, developer-friendly blockchain ecosystem.

Let's explore how Base is reshaping DApp development and the top projects in its ecosystem ⤵️
https://www.kucoin.com/learn/crypto/top-crypto-projects-in-base-network-ecosystem