On November 20th, according to Scopescan monitoring, 30 minutes ago, the Optimism Foundation transferred 22.4 million OP tokens (approximately 40.32 million US dollars) to a multi-signature address starting with 0x44a2.<br>Earlier on November 15th, Optimism announced that it had transferred approximately 22 million OP tokens between wallets controlled by the Optimism Foundation. This transfer is an internal planned transaction, and the official disclosed this large transfer to let the community know about the situation.

According to Scopescan monitoring, on November 20th, the Optimism Foundation transferred 22.4 million OP tokens (approximately 40.32 million USD) to a multi-signature address starting with 0x44a2, 30 minutes ago.

According to Scopescan data monitoring on October 16th, a certain address belonging to Cumberland transferred 1.3 million OP to Coinbase today, equivalent to approximately 2.4 million US dollars.

Web3 cross-chain infrastructure Swan (formerly FilSwan) announced on X platform that it has launched the Swan Chain testnet on Optimism OP Stack. In addition, the Swan Jupiter incentive testnet activity will be held from November 20th to December 20th. Users can stress test the latest features of the network and receive rewards, with a prize pool of 150,000 SWAN. Previously, in January, FilSwan announced the completion of a $3 million SAFT round of financing, led by Binance Labs and SNZ Holdings.

The Optimism blockchain ecosystem is gaining its own "alternative data availability" or "alt-DA" network Redstone, supported by the development team Lattice. Redstone is currently in the testing phase and aims to provide cost-effectiveness for on-chain games and DApps. Redstone will "operate like traditional optimistic rollups, except that instead of publishing input states to L1, it publishes data commitment hashes. The input states corresponding to the input commitments are stored off-chain by data availability providers." The Lattice team plans to join the Optimism ecosystem and contribute as core developers to the OP Stack. (CoinDesk) Earlier in August, DeFi oracle RedStone announced its support for the Optimism blockchain and its ecosystem. RedStone will provide oracle services for DeFi protocols in the Optimism ecosystem, supporting DApp development with models and customized functions, providing convenience for builders.

Optimism stated today we will transfer approximately 22 million OP tokens between wallets controlled by the Optimism Foundation. This is an internal planned transaction that we will share as a reminder to keep our community informed.

According to official sources on November 15th, Optimism announced that the Canyon hard fork has been successfully activated on the test network. The Canyon upgrade includes support for the Shanghai and Capella hard forks, as well as some minor bug fixes. Canyon also made specific adjustments to the OP Stack. This upgrade will increase the denominator of EIP-1559 from 50 to 250, in order to reduce the speed at which the block basefee rises when the gas target is exceeded. Users will not be affected by this test network upgrade. Node operators will need to upgrade their nodes after the Canyon upgrade.

Ryan Wyatt, former president of Polygon Labs, has joined Optimism as Chief Growth Officer, according to The Block Pro.

According to the encrypted KOL knower on their social media, building application infrastructure based on large language models (LLM) is currently very complex and competitive. In the field of artificial intelligence and encrypted infrastructure, there is no clear solution yet, but he is optimistic about the possible launch of tool tokens in the future.<br>In addition, he also stated that the bull market may arrive in the next 6-12 months, and practical narratives like dePIN will be more important than ever before.

According to OKX market data on November 16th, OP rose above 1.9 USD and is currently trading at 1.904 USD, with a 24-hour increase of 10.83%.

NFT aggregation trading platform OpenSea announced a five-week on-chain creator art competition "We [Heart] The Art" in collaboration with Ethereum Layer 2 scaling solution Optimism, and will provide 1 million OP tokens as rewards for on-chain creators. The deadline for submitting works for this competition is 7:00 am Beijing time on December 14th.

Optimism has announced its first network upgrade after Bedrock, called Canyon. Canyon will be activated on the Superchain testnet (OP Goerli, OP Sepolia, Base Goerli, Base Sepolia, PGN Sepolia, Zora Sepolia) at 17:00 UTC on November 14th (1:00 AM Beijing time on November 15th). This network upgrade was built and implemented in collaboration with Base, and Canyon has been successfully activated on the development network in coordination with Conduit and Base, and will be introduced to the testnet next week. In order to activate on the OP mainnet, Base, and other mainnets of Superchain, the Canyon hard fork still needs to go through the Optimism governance process.

On November 7th, Optimism officially announced on the X platform that the third round of RetroPGF public product fundraising voting has officially begun and will end on December 7th. The 643 contributors to the Optimism ecosystem will be allocated 30 million OP tokens, and the results of the token distribution will be announced in early January 2024.

Georgios Konstantopoulos, Chief Technology Officer and Research Partner at Paradigm, wrote on the X platform that OP Reth has been merged, which means that its high-performance Ethereum node Reth can be used in OP Stack without modification. Georgios also stated that this was achieved through collaboration between OP Labs, the Base team, and Paradigm's own open source team.

According to an official announcement Infura now supports the Optimism testnet on Sepolia. Developers can now move their testing environment to the Optimism Sepolia testnet and update the configuration of their services or dapps using the new Sepolia testnet API endpoint.

Clearpool, a DeFi lending market, will be launching on the OP mainnet after receiving 150,000 OP tokens (worth about $202,000) from the Optimism Foundation. Clearpool is currently deployed on Ethereum, Polygon, and Polygon zkEVM. According to DeFiLlama, its total value locked (TVL) is $3.1 million, with a market cap of $7.52 million.

On October 13th, Layer2 technology research and data website L2BEAT announced the launch of the Build Your Own Rollup (BYOR) tool. BYOR is a simplified version of a sovereign Rollup that makes the code easy to read and understand. Currently deployed on the Holesky testnet, BYOR can perform functions such as fee sorting, sending and retrieving state to/from L1, removing invalid transactions, viewing account balances, sending transactions, and viewing transaction status.

October 13th, according to Scopescan monitoring, a whale extracted 990,000 WLD ($1.44 million) from Optimism Bridge and transferred it to OKX. In the past 35 days, the whale has transferred 5.94 million WLD ($8.6 million) to OKX, with transfer operations conducted every week.