Coinbase’s Layer 2 solution BASE has triggered an on-chain bull rally. Built on Optimism’s OP stack, BASE’s popularity has allowed many investors to t
urn a few hundred dollars into impressive returns. In a recent announcement, Layer 2 scaling solution Optimism said it is collaborating with BASE, an alliance that could benefit OP holders.Optimism, Sui, Hedera prices brace for over $138 million worth in token unlocksOptimism gained popularity after its launch in May 2022. The launch of Coinbase’s Layer 2 solution BASE using the OP stack propelled the token by nearly 20%.
Fee split: The collaboration comes with a fee contribution understanding between the two projects. A fee of either greater than 2.5% of BASE’s total sequencer revenue or 15% of BASE’s net on-chain sequencer revenue will go towards the Optimism collective. On-chain sequencer revenue is the difference between the L2 transaction revenue and L1 data submission costs.
Optimism will allow base an opportunity to earn nearly 118 million OP tokens over the next six years. Only 9% of this token treasury will be used to vote in OP governance.Coinbase’s BASE opened an official bridge in the second week of August, which caused a flurry of inflows, causing a massive spike in activity and Total Value Locked .
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