Kraken is set to launch its Layer-2 network, Ink, leveraging the OP Stack framework with support from the Optimism Foundation via a $25 million OP token grant.
Optimism conducted its fifth AirDrop, distributing 10.3 million OP tokens worth $16 million to 54,700 user addresses, rewarding active participants in the Superchain ecosystem developed through OP Stack.
Optimism's Layer-2 scaling solution rises in investor interest due to strong network metrics, resulting in a 9% increase in OP token value in Q1 2024.
Optimism's OP token surged 9% after a $90 million investment from a16z, showcasing resilience in a tough market. This investment, with a two-year vesting, signals a16z's conviction in L2 solutions and Optimism's growth and increasing usage. Despite a 47% drop from its ATH, OP's volume spiked, signaling strong interest.