🔴 Today $OP reached an all-time low below $0.13 after information emerged that #Base is leaving Optimism's Superchain to develop its own technology infrastructure, instead of continuing to build on the OP Stack. At the same time, the funding rate in the market has also dropped to an extremely low level.

🔴 Notably, #Base was previously the largest revenue contributor to Optimism among all L2s using the OP Stack.