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Optimism Says Ether $ETH Now Treated as Native Cryptocurrency Alongside $OP Token

Published: June 8, 2023

Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism's “Bedrock” upgrade this week.

Source: coindesk.com