25 Jul Bitfinex to List OP, Native Token of Optimism Blockchain
ROAD TOWN, British Virgin Islands – July 25, 2023 – Bitfinex (www.bitfinex.com/), a state-of-the-art digital token trading platform, announced today that it will be listing OP, the native token of Optimism, a decentralised, Ethereum-based layer-2 blockchain that enables scalable smart contracts and instant transactions.
Built in response to rising transaction fees on Ethereum, the Optimism network is an optimistic rollup that is designed to move transaction data at a faster rate while maintaining its stability and security. By ensuring faster transactions with lower gas fees for users, Optimism has become a popular choice by developers to come and build dApps within its ecosystem.
As of today, the Optimism ecosystem is home to over 90 protocols, including Uniswap, a decentralized cryptocurrency exchange, Velodrome, an automated market maker, and Synthetix, a derivatives exchange. Since its launch in 2021, the Optimism Network reports that it has deployed more than 7,000 smart contracts and on-boarded over 300K unique addresses. Currently, according to DeFiLlama, the Optimism Network has ~$840 million in TVL.
OP, the native utility token of the Optimism blockchain, is primarily used for governance to decide the direction of the blockchain’s future. With a total supply of ~4.2 billion and a current circulating supply of ~314 million, OP’s current market cap is ~$785 million, according to CoinMarketCap.
“Even as one of the newer Ethereum projects in the ecosystem, Optimism has been quickly making its mark with its emphasis on speed, scalability, sustainability, and stability on the Ethereum network,” said Henry Child, Head of Tokens at Bitfinex. “Therefore, we are thrilled to add OP to our exchange’s considerable and diverse list of available tokens.”
Bitfinex will open deposits for OP on July 25 at approximately 12PM UTC. Trading of OP will commence on July 27 at approximately 10AM UTC, in trading pairs against the US Dollar (USD) and Tether tokens (USDt).
To obtain access to OP on Bitfinex, customers can visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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