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OP’s Bullish Trend Likely To Continue, But Emission Concern Looms

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Optimism OP Coin Skyrockets Following Bedrock Upgrade Announcement
  • DefiLlama announced yesterday that it started tracking OP emissions on its Unlocks Dashboard.
  • According to the platform, just over 2.5 billion OP tokens will be unlocked after 2026.
  • At press time, OP was trading at $1.36 after it gained 1.15% over the past 24 hours.

The DeFi analytics platform DefiLlama announced on Twitter yesterday that it started tracking Optimism’s OP emissions on its Unlocks Dashboard. According to DefiLlama’s data, it is estimated that just over 2.5 billion OP tokens will be unlocked after 2026.

This figure was generated by emissions from investors, the Optimism team, Airdrops, Retroactive public goods funding, and the ecosystem fund. Emissions are a process by which new tokens are created and then released into circulation. As a result, the supply of Optimism (OP) will be diluted, causing its price to drop.

Meanwhile, CoinMarketCap indicated that OP’s price was able to climb by about 1.15% heading into the new week. As a result, the altcoin was worth about $1.36 at press time. Yet, despite the crypto’s price rise, its weekly performance was still in the red zone at -0.08%.

Furthermore, OP’s 24-hour trading volume fell b…

The post OP’s Bullish Trend Likely To Continue, But Emission Concern Looms appeared first on Coin Edition.

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Կառավարեք ձեր բոլոր կրիպտարժույթները, NFT-ն և DeFi-ն՝ մեկ տեղից

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