Optimism has plunged to a new all-time low after intense selling pressure overwhelmed recent demand. OP price collapsed 23% in 24 hours, extending an already fragile downtrend. Weak liquidity and deteriorating sentiment had been weighing on the altcoin for weeks. The decline accelerated after Coinbase’s Layer-2 network Base confirmed it is transitioning away from the Optimism OP Stack. Base announced plans to develop its own unified technology stack. The decision removed a major ecosystem catalyst, amplify ...

Affected Networks - The report identifies multiple networks affected by an unspecified issue, including Ethereum (ETH), Arbitrum One and Arbitrum Nova (ARB), Base, Blast (BLAST), Boba Network (BOBA), Celo (CELO), Optimism (OP), Polygon PoS (POL), Scroll (SCR), zkSync Era (ZK), Cronos zkEVM (zkCRO), Zircuit (ZRC), Lisk (LSK), Sophon (SOPH), and Worldcoin (WLD) [1]