OP Token Plunges as Base Confirms Total Cessation of Fee Payments to Optimism

Coinbase-backed Layer-2 network Base has confirmed its transition away from the Optimism OP Stack toward a unified codebase, triggering a sharp sell-off in the market. Following the announcement, the OP token price crashed 23% to hit a new all-time low of $0.140. Crucially, this migration results in the complete and actual termination of fee payments that were previously directed to the Optimism ecosystem. This development represents a definitive loss of a major revenue stream for Optimism, moving beyond earlier market speculation of a potential impact. Base's new roadmap introduces six annual hard forks to ensure predictable infrastructure upgrades while granting the network full technical autonomy. The strategic shift underscores Coinbase's commitment to establishing total sovereignty and ending its reliance on external blockchain ecosystems.