The OP token faced intense selling pressure after Coinbase announced that its layer-2 network, Base, will be discontinuing its OP stack, a core component of the Optimism ecosystem.
According to the announcement, instead of using an OP stack, Base plans to switch to a new infrastructure it develops in-house and describes as an “integration stack.” Following this decision, OP prices rapidly fell by more than 20%, reaching an all-time low.
Based on market analysis, Base’s decision to exit the OP stack represents the removal of a key growth engine for the Optimism ecosystem.
In particular, Base is one of the largest and most high-profile projects using OP Stack, leading investors to re-evaluate Optimism’s long-term revenue and adoption expectations.
Analysts say the sharp decline in operating profits was not just a short-term reaction, but accelerated an already ongoing downward trend.
This development once again shows how network infrastructure choices and ecosystem dependencies can have a significant impact on token prices in an era of increasingly intense Layer 2 competition.
On the OP side, investors will be watching to see how the Optimism team responds to Base’s departure.
*This is not investment advice.
