![Should Optimism [OP] holders rejoice with Ethereum’s Merge coming up](https://i.headtopics.com/images/2022/9/11/cryptoamb/should-optimism-op-holders-rejoice-with-ethereum-s-should-optimism-op-holders-rejoice-with-ethereum-s-1569031811795148800.webp)
Optimism’s OP was not left behind as the rest of the market registered double-digit price upticks over the past week. In fact, according to CoinMarketCap, the price of the Layer 2 (L2) token rallied by 16% over the last seven days. Designed as an optimistic rollup network to enhance the scalability of the Ethereum Chain, […]
With an expectation of considerable growth in the price of the L2 token post-merge, whales have gradually increased their OP holdings too. As a result, addresses holding between 1,000,000 to 10,000,000 OP tokens stood at 3.14% of all addresses holding the crypto-asset.With the L2 ecosystem becoming increasingly competitive, Optimism’s daily revenue has declined steadily in the last 180 days.
In fact, when compared with other L2 solution providers such as dYdX and Loopring, Optimism’s daily revenue has been the most inconsistent over the last 30 days.On the impact of the Ethereum Merge of L2 solution providers, many industry experts believe that L2s will continue to function as usual. In a recent interview, for instance, the CTO of Bitfinex Paolo Ardoino opined that “It will be business as usual for L2s.
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