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Arbitrum and Optimism raked millions in profit despite the extended bear market that hammered decentralized finance (DeFi) activities and Ethereum (ETH) valuation in 2022. Arbitrum And Optimism Win Big Per on-chain data shared on Twitter, Arbitrum, and Optimism, general-purpose Ethereum layer-2 platforms, made 2,906 ETH and 2,086ETH, respectively. In USD terms, it translates
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Transactional activity can serve as a predictive indicator of forthcoming investor interest in any blockchain ecosystem. Original Source
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Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for
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Ethereum Layer-2 (L2) on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than the Ethereum network.Layer-2 networks Arbitrum and Optimism have seen an increase in transactions over the past three months. Comparatively, aside from a few spikes, transactions on the Ethereum
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Optimism (OP) has opened the year on an optimistic note as it enjoys a bull run. On the flip side, it has suffered sluggishness in terms of total value locked (TVL). Here’s a quick snapshot of Optimism: OP price spikes by 5.76% OP down in terms of TVL; now only
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Optimism blockchain network has recently noticed an enormous uptick in both USDC and USDT transactions which have eclipsed $1 billion. What seems to have caught people’s attention is the fact that the Optimism chain seems to be unrivaled and unmoved by the chaos happening in the crypto space. This is now
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OP’s price shows the first sign of bounce after seeing its price bottom at the $0.6 support zone. OP bounced off its downtrend
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Users wishing to participate in staking without losing liquidity have turned to liquid staking solutions like Lido, which take their ETH, stake it, and give them a stETH token in return. This token tends to trade around the price of ETH on the open market; it will eventually be exchangeable
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The price of Optimism (OP) has struggled against tether (USDT) in recent weeks after seeing its price rejected from $2.5. Bitcoin’s (BTC)
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Decentralized exchange aggregator 1inch is rewarding users with free tokens for their participation on Optimism — a move the organization says will further incentivize activity on the Ethereum layer-2 scaling solution.The exchange aggregator announced Tuesday that it would equally distribute 300,000 OP tokens among its most active wallets and regular
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