Tag: OP Labs

OP Labs has introduced the privacy enhancement tool Privacy Boost, aiming to provide privacy features for DeFi applications through technologies like zero-knowledge proofs, lowering compliance barriers to attract traditional institutions into the on-chain domain.

OP Labs has laid off 20% of its staff to streamline operations; its CEO stated the move is not driven by financial pressure and that the company remains well-funded. Market concerns have recently intensified following Base’s shift toward an independent tech stack, causing the OP token price to drop 37% over the past 30 days. OP Labs has unveiled a 2026 roadmap focused on enhancing performance and its ZK Proof system, and will allocate 50% of sequencer revenue toward OP token buybacks.