Gate News Announcement, March 12, OP Labs CEO Jing Wang tweeted that OP Labs will lay off 20 employees to streamline operations, accelerate decision-making, and reduce coordination costs. Jing Wang emphasized: "This decision reflects a narrowing of our focus, not a liquidity crisis." Affected employees will receive three months of base salary and N+1 compensation, and health insurance will be extended for six months.

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).