CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » Crypto News » Optimism Bedrock Upgrade Release Date Revealed

Optimism Bedrock Upgrade Release Date Revealed

Author: Chayanika Deka

Last Updated May 16, 2023 @ 12:59

The Bedrock upgrade will bring a 47% reduction in protocol costs and security fees to Optimism Mainnet.

Getting your audio player ready...

Optimism, a popular layer-2 blockchain, is set to release its long-awaited Bedrock upgrade on June 6th at 16:00 UTC.

The Bedrock release – which is a complete rewrite of an entire rollup stack – is expected to be the largest upgrade ever released on OP Mainnet with a focus on reducing fees and improving Ethereum compatibility.

Bedrock Upgrade

According to the official announcement, the upgrade will require 2-4 hours of downtime for OP Mainnet, during which there will be downtime at the chain and infrastructure level while the old sequencer is spun down and the Bedrock sequencer starts up.

Transactions, deposits, and withdrawals will also remain unavailable for the duration, and the chain will not be progressing. While the read access across most OP Mainnet nodes will stay online, users may encounter a slight decrease in performance during the migration process.

Bedrock seeks to improve on its predecessor by reducing transaction fees with the help of optimized batch compression and Ethereum as a data availability layer. It also focuses on shortening delays of including layer-1 transactions in rollups by handling their re-orgs more “gracefully.” In addition to improving node performance by removing technical debt, it will also enable modular proof systems via code reuse.

The team behind the project stated,

“We couldn’t be more thrilled to bring Bedrock to OP Mainnet. The protocol team at OP Labs has been working very hard for over a year to bring this complete re-architecture of the OP Stack to production.”

The development has had no impact on the price of its native OP token, which was down by nearly 4% in the last 24 hours.

Optimism’s Waning Market Share

The move comes as competition within Ethereum’s layer-2 ecosystem heats up. Optimism has enjoyed its fair share of success, taking on an early lead over the space with its optimistic rollup solutions that offer high compatibility with the Ethereum Virtual Machine (EVM). However, its market dominance has been threatened by EVM-compatible zero-knowledge rollups (ZkEVMs), which have gained significant prominence lately.

Optimism witnessed no notable growth in its TVL throughout this year and was currently hovering around $1.71 billion. Besides the emerging competition from zkEVMs, the buzz surrounding Arbitrum’s recent airdrop could be another factor for Optimism’s receding share.

At over $252 million in TVL, ZKSync Era has been rapidly increasing its presence across the layer-2 spectrum. In fact, the general-purpose zk-roll-up platform created by Matter Labs surpassed Optimism in terms of transactions in May.

Moreover, Polygon zkEVM has also witnessed an impressive growth to $9.15 billion in TVL since its beta mainnet launch in March this year.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Tags: Ethereum Optimism (OP)
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Chayanika Deka
More posts by this author

Chayanika has been working as a financial journalist for six years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm. Contact:Linkedin

Join Our Community

FacebookX YouTubeTelegram


Editorials
How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

11 Best Meme Coins to Watch in June 2025

11 Best Meme Coins to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in June 2025

11 Best Crypto Presales to Consider in June 2025

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Join Our Newsletter
Become a CryptoPotato VIP
One Weekly Email Can Change Your Crypto Life.
Sign-up FREE to receive our extended weekly market update and coin analysis report
We NEVER send spam. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing!
Footer Logo
About
Advertise on CryptoPotato
About Us | Contact Us | Careers
Editorial Policy
Terms of service | Privacy Policy | GDPR
More Sections
IEO List | Evaluations
Airdrops
Scholarship
Disclaimer
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
© Copyright CryptoPotato 2016 - 2025
Scroll to top
One Daily Email Can Change Your Crypto Life.

Sign-up FREE to receive our extended daily market update and coin analysis report

We never send SPAM. You can unsubscribe at any moment
Invalid email address
Thanks for subscribing!