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.