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Base to Transition from OP Stack to Proprietary Tech Stack Amid OP Token Slump

The Ethereum Layer-2 network will implement a hard fork requiring node migration as OP token falls sharply over 20% in 24 hours.

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Summary

Base, an Ethereum Layer-2 network, announced plans to replace the OP Stack framework with its proprietary base/base tech stack to accelerate development and reduce complexity. This change will require a hard fork and node migration, while Base will retain sorter revenue. Following the announcement, OP token dropped more than 20% in 24 hours to $0.1436, marking a nearly 97% decline from its 2024 peak.

Terms & Concepts
  • Layer-2 Network: A blockchain system built on top of a main chain (Layer-1) to improve scalability and reduce transaction costs.
  • Hard Fork: A major blockchain update that is not backward compatible, requiring all participants to upgrade their software.
  • OP Stack: A modular blockchain software framework developed by Optimism for building Layer-2 networks on Ethereum.