The future of blockchain hinges on interoperability, as businesses face challenges with siloed systems that hinder efficiency and broader adoption. Collaborative efforts, like Project Agora involving major financial institutions and central banks, aim to create seamless interactions across diverse blockchain platforms. As the demand for stablecoins and decentralized finance grows, prioritizing usability and cooperation will be essential for the technology’s success.
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CryptoMarket Report
January 10, 2025 | 11:20
January 10, 2025 | 11:20CryptoMarket Report
January 9, 2025 | 17:54
January 9, 2025 | 17:54Optimism
3 posts last weekEthereum Layer 2 Solutions Reach 10 Million Active Addresses and High Volume
Ethereum Layer 2 solutions have seen a significant surge, with weekly active addresses reaching 10.18 million, a 6.84% increase from the previous week. These platforms now handle 5.19 times the transaction volume of the Ethereum mainnet, with Arbitrum leading in total value locked at $18.45 billion, followed by Base at $14.49 billion. Base also tops the charts in transaction count and active addresses, reflecting the growing adoption of these scaling solutions for DeFi and NFT activities.
read morePudgy Penguins Meme Coin Surpasses Optimism in Market Capitalization
Solana’s meme coin, Pudgy Penguins ($PENGU), has surged 7% to a market cap of $2.85 billion, surpassing Optimism ($OP) to become the fifty-eighth largest cryptocurrency and the fourth largest meme coin. With a 24-hour trading volume of $4.36 million, Pudgy Penguins is now the biggest NFT project globally. However, a correction appears imminent as the token’s price aligns with its 30-day moving average, and the relative strength index indicates a potential sell-off.
read morePENGU Token Surges 26 Percent Amid Rumors of Pokémon Collaboration
Pudgy Penguins’ PENGU token has surged 26% in the last 48 hours, reaching a market cap of $2.8 billion and surpassing Optimism’s OP token to become the 58th largest cryptocurrency. This rally is fueled by rumors of a potential partnership with Pokémon, which could enhance visibility and market interest. Despite initial volatility, the NFT collection has seen a recovery, with its floor price rising 30% recently, now at 23.85 ETH.
read moreTop Cryptocurrencies Whales Are Buying Ahead of the Bull Run
AAVE’s price surged 220% year-to-date, nearing its three-year high, bolstered by strong liquidity and positive momentum indicators. Whales are targeting six cryptocurrencies for the upcoming bull run: Internet Computer, Filecoin, Injective, Optimism, Aave, and the emerging JetBolt, which features zero-gas technology and social staking. As the market evolves, these projects showcase unique strengths in decentralized finance and blockchain scalability.
read moreCryptocurrency Price Surge Analysis for XRP ADA OP SOL and DOGE
XRP surged 74% this week, nearing $1.5, with key resistance at $2. Cardano rose 47%, approaching $1, while Optimism gained 34%, breaking $2. Solana hit an all-time high of $264, and Dogecoin increased 6%, consolidating under 40 cents, eyeing higher targets.
read moreAnalyst Predicts Rallies for Sei Chainlink and Optimism in Crypto Market
A prominent crypto analyst predicts potential rallies for several altcoins, highlighting Sei (SEI) which could reach $1 if it breaks resistance at $0.52. Chainlink (LINK) is expected to rise over 23% to $18 after surpassing $13, while Optimism (OP) may see a 60% increase if it breaks through $2.
read moreOptimism Expected to Surge Over 200 Percent According to Analyst Predictions
Crypto analyst Michaël van de Poppe predicts that Optimism (OP), an Ethereum layer-2 solution, could surge over 200% and reach a new all-time high by January if it maintains key support levels. Currently trading at $1.54, OP needs to rise 214% to surpass its previous high of $4.84.Van de Poppe also suggests Bitcoin (BTC) might hit $100,000 this week, despite anticipating a flash crash in the broader crypto market within the next two weeks that could impact liquidity. Bitcoin is currently priced at $88,757.
read moreBlackRock Expands Tokenized Money Fund to Multiple Blockchain Networks
BlackRock is expanding its tokenized USD Institutional Digital Liquidity Fund (BUIDL) to multiple blockchain networks, including Aptos, Arbitrum, Avalanche, Optimism, and Polygon, after its initial launch on Ethereum. This fund primarily invests in short-dated U.S. Treasury bills and aims to enhance efficiency in financial transactions through blockchain technology. With a total value locked of approximately $2.3 billion in tokenized U.S. treasury debt, BUIDL is the largest tokenized treasury fund, facilitating on-chain yield and real-time peer-to-peer transfers.
read moreBlackRock expands BUIDL on five new blockchains for asset tokenization
BlackRock is expanding its proprietary BUIDL, a tokenized money market fund, across five new blockchains: Aptos, Avalanche, Arbitrum, Optimism, and Polygon. This move aims to enhance real-world asset tokenization and attract more investors to leverage the technology for increased efficiencies. The expansion will also support developers and DAOs in utilizing BlackRock’s product on their preferred blockchain.
read moreBlackRock Expands BUIDL Fund to Five Additional Blockchain Networks
BlackRock has expanded its BUIDL fund to include Aptos, Arbitrum, Avalanche, Optimism, and Polygon, enhancing its position as the world’s largest tokenized fund by assets under management in under 40 days. This expansion allows for native interaction across multiple blockchain ecosystems, providing on-chain yield, flexible custody, and near real-time peer-to-peer transfers. BNY Mellon supports the fund’s onboarding, leveraging unique features of each blockchain to drive adoption.
read moreOptimism Token Shows Potential for Major Price Breakout and Gains
Optimism’s native token, OP, has surged over 22% recently, trading near $1.70 as it forms an ascending triangle pattern, indicating a potential breakout. Analysts suggest this could lead to a target price of $7.20, representing a 340% gain.The growing adoption of Optimism’s Layer 2 scaling solution for Ethereum, including partnerships with Coinbase and Kraken, is driving market momentum. Despite this, it still trails behind Arbitrum in total value locked, with over $7 billion compared to Arbitrum’s $16.06 billion.
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