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Base Abandons Optimism (OP): A Blow to the Superchain? 😣
Specifically, Base just announced a transition from the OP Stack to a proprietary stack, causing the $OP token to drop 25-30% 😱. Base used to account for the majority of Optimism's revenue, contributing $8,532 ETH through revenue sharing. Now, the Superchain has lost its growth momentum and primary revenue stream.
And OP faces significant impacts ahead:
- The "multi-chain" model is dependent on Base
- The project's valuation is being adjusted downwards
- Questions about the scalability of L2 for Ethereum
- The token buyback mechanism doesn't create value
- Valuation recovery is difficult
- The project's next steps are unclear 🙁
What do you think about this situation?
#Crypto #Optimism #Base #Superchain
$OP $BTC $ETH $PI $RIVER

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