Optimism announces that support for op-geth and op-program will end on May 31, 2026, during which security patches will be released. New feature development will only be conducted on op-reth. Chain operators must complete the migration during the Karst hard fork to ensure network compatibility.

This week, there will be large unlocks of tokens such as HYPE, ENA, RED, and others, totaling over $300 million in value. HYPE will unlock 9.92 million tokens, ENA will unlock 40.63 million tokens, RED will unlock 40.85 million tokens, and OP will unlock 19.5 million tokens. Their circulating supply proportions are 2.72%, 0.53%, 16.13%, and 0.98%, respectively.

Token Unlocks data shows that tokens such as RED, HYPE, ENA will be unlocked next week, with total unlock amounts and values as follows: RED approximately 40.85 million tokens ($6.2 million), HYPE approximately 173,000 tokens ($5.4 million), ENA approximately 40.63 million tokens ($4.3 million), and OP approximately 19.5 million tokens ($2.4 million).

ChainCatcher reports that, according to Web3 asset data platform RootData's token unlock data, Optimism (OP) will unlock approximately 32.21 million tokens at 0:00 Beijing time on February 28, valued at about $4.58 million.

The current crypto market is changing, with Bitcoin oversold and altcoins generally fragile. Optimism (OP) is under pressure, recently dropping by 24.4%. The partnership between the Base blockchain and OP Stack has ended, and Optimism has launched a token buyback program. Ether.fi has migrated its operations to the OP mainnet, providing fundamental support for OP.

Decentralized staking protocol Ether.fi announces that its DeFi product ether.fi Cash will migrate to the OP Mainnet, involving approximately 70,000 cards and millions of dollars in user assets. The card offers a non-custodial payment experience, usable at all Visa-supported merchants, and comes with cashback rewards.

Foresight News reports that Optimism has launched the managed blockchain infrastructure OP Enterprise. OP Enterprise offers three service levels and can be deployed within 8-12 weeks: fully managed mode, self-management mode (user operation with official support), and OP mainnet mode (starting from the public network and upgrading to a proprietary chain when the time is right). The official statement indicates that the team will be responsible for operations, security, and scalability.

On January 30th, the Optimism Blockchain Governance Committee officially approved a proposal to allocate 50% of all Superchain revenue for the next 12 months to repurchase OP tokens, with the repurchase program set to begin in February. The proposal was initially submitted by the Optimism Foundation on January 8th, aiming to enhance the utility of the OP token and closely tie its value to the success of Superchain. Voting results from the governance community showed 33.27% in favor, 3.23% against, and 3.95% abstaining, and the proposal was successfully passed. Superchain consists of multiple Layer 2 chains based on the open-source Optimism technology stack, including Soneium, Unichain, Ink, and Base. It generates Ethereum (ETH) revenue through sequencer income contributed by these L2 chains. As part of the buyback plan, Optimism will collaborate with over-the-counter trading service providers to convert ETH into OP tokens monthly and deposit them into the treasury. Based on last year's Superchain revenue estimates, the plan is expected to utilize approximately 2,700 ETH, equivalent to about $8 million, for OP repurchases.

Gate News bot message, according to COINDESK, Optimism governance has approved an OP token buyback plan. The plan is funded by Superchain revenue to support ecosystem sustainability and align incentives across the network.

According to Arkham data, between 06:43 and 06:44, 27 million OP tokens (worth approximately $8.1 million) were transferred from anonymous addresses to two different anonymous addresses, amounting to 15 million and 12 million tokens respectively.