How Optimism crypto’s 17% rally puts $0.11 in focus for OP bulls

Optimism [OP] is up more than 17% in the past 24 hours at press time. Notably, the altcoin became the third-largest gainer of the day, with the market cap trading above $260 million. Fundamentals, network activity, and a shifting market structure have driven the altcoin. Here are the details contributing to this rally. Why is Optimism crypto up today? The fundamental driver was Uniswap's [UNI] Unichain moving to OP Enterprise. As such, the network has been having a week full of launches, new milestones, and events across the OP ecosystem. For instance, the chain made it possible for stablecoin deposits, that is, USDT and USDC, to go live on AAVE's mobile app. At the same time, Sonium announced a platform focused on tokenized IP as EtherFi card holders hit 120K.

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