Optimism’s OP Token Hits All-Time High as Layer 2 Adoption Interests Grow

Optimism and other layer 2 scaling systems such as Arbitrum are supposed to make transactions on the Ethereum ( $2,316.94 ) blockchain cheaper and faster. After Ethereum ( $2,316.94 ) completes its EIP-4844 upgrade, also called proto-danksharding, later this year, it will make transaction fees on layer 2s even “an order of magnitude cheaper,” Marc Arjoon, Ethereum ( $2,316.94 ) research associate at CoinShares, wrote in a note.