Nasdaq-listed centralized digital assets exchange Coinbase (COIN) on Thursday announced an Ethereum scaling product that will leverage layer 2 network Optimism's technology. The news seems to have lit a fire under the cryptocurrencies from the Optimism ecosystem.

Data from Coingecko shows VELO, the native token of the Optimism-based decentralized exchange Velodrome Finance, has gained 21% in the past 24 hours. The token has more than doubled in the past seven days. 

Optimism-native lending protocol Sonne Finance's SONNE token has jumped 82%, taking the seven-day tally to over 300%.

OPX, the governance and utility token of OPX Finance, has skyrocketed by 144%, while perpetual-focused decentralized exchange Perpetual Protocol's PERP token has seen a 42% rise in its market value. Other lesser-known names like THALE, HND, RING and PICKLE have also chalked up double-digit rallies in the past 24 hours.

Optimism's OP token has jumped over 10%, reaching a two-week high of $3.10, CoinDesk data show.

(By Omkar Godbole)

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