The four-year-long altcoin season is probably gone No more expectations In the past two days, Coinbase's Base decided to build its own "Unified Base Stack" to accelerate internal development and upgrades, no longer relying on Optimism's release schedule, which triggered panic selling among investors. This means Base will keep all the sequencer revenue instead of sharing it with Optimism. This raises questions about the long-term sustainability of the Optimism Superchain, as Base is its biggest partner. As a result, $OP has dropped over 30% in the past two days The price is only 0.13, down 97% from the all-time high of 4.8 USD during the bull market This is the leader of Layer 2, but such a big trend is already gone!
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The era of altcoins is over
The four-year-long altcoin season is probably gone
No more expectations
In the past two days, Coinbase's Base decided to build its own "Unified Base Stack" to accelerate internal development and upgrades, no longer relying on Optimism's release schedule, which triggered panic selling among investors.
This means Base will keep all the sequencer revenue instead of sharing it with Optimism. This raises questions about the long-term sustainability of the Optimism Superchain, as Base is its biggest partner.
As a result, $OP has dropped over 30% in the past two days
The price is only 0.13, down 97% from the all-time high of 4.8 USD during the bull market
This is the leader of Layer 2, but such a big trend is already gone!