The value of layer 2 community Optimism’s OP token has additionally surged over the previous week. OP reached an all-time excessive of over $2.50 on Wednesday amid rising adoption of layer 2 networks. “People want layer 2 tokens, and they see layer 2 adoptions happening,” mentioned Nick Hotz, vice chairman of analysis on the digital asset-management agency Arca, referring to the tokens related to companion blockchain methods. “Optimism is the only way to get good exposure to that theme currently.” The OP token’s soar has outpaced the highest two digital belongings by market capitalization, bitcoin and ether, which have risen 39% and 33%, respectively, in 2023.