News Explorer — Ethereum Scaler Optimism Now Uses ETH as Native Crypto

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Jun 8, 6:50 pm

Coindesk

Ethereum Scaler Optimism Now Uses ETH as Native Crypto

Optimism's "Bedrock" upgrade has enabled ETH to be treated as a native token on the network, just like Optimism's own OP token. A transfer of over $550 million of ETH out of the Optimism Gateway was spotted by CoinDesk, and the ETH was moved to a new smart contract on Optimism. This new contract, the Optimism Portal, serves as the entry and exit point to the Optimism L2.

Optimism's "Bedrock" upgrade has enabled ETH to be treated as a native token on the network, just like Optimism's own OP token. A transfer of over $550 million of ETH out of the Optimism Gateway was spotted by CoinDesk, and the ETH was moved to a new smart contract on Optimism. This new contract, the Optimism Portal, serves as the entry and exit point to the Optimism L2.

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