Optimism NFT quests drive growth, usage, and volume. Despite the growth, Optimism lags behind in TVL when compared to Arbitrum. Optimism, a DeFi protocol, saw a significant increase in activity due to its NFT quest projects. The projects have resulted in impressive growth for all participants, with an average growth rate of 32%. The success […]
another decentralized finance protocol. The reason for this may be due to the fact that users are saving more ETH while using Arbitrum, as reported by Dune Analytics.
However, there was an uptick in Optimism’s TVL, and it may eventually overtake Arbitrum in the future. According to data from DefiLlama, the TVL of Optimism grew from $516 million to $705.29 million, representing a growth rate of 36%.While the price of the OP token continued to soar, there was a decline in daily activity.Notably, over the last month, the number of daily active addresses holding OP fell from 11,246 to 6,802.
Additionally, the development activity on Optimism also declined over the last week, suggesting that contributions from developers had fallen. This decline in development activity raised concerns about upcoming upgrades and updates on the platform.has made several strategic partnerships that provide reasons for hope from OP token. In the last week, Optimism partnered with Sherlock DeFi and ArkhamIntel, two leading decentralized finance protocols.
These partnerships have the potential to increase the reach and usage of the Optimism protocol, driving more growth in the future. The price of the OP token as of the time of writing was $2.25 and it had decreased by 3.21% in the last 24 hours, according to CoinMarketCapSubscribe to get it daily in your inbox.
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