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- Optimism’s new Superchain could influence the protocol’s development positively.
- Polygon and Arbitrum outpaced Optimism in a number of areas. Nevertheless, the worth of OP continued to develop.
Arbitrum’s current success and Polygon’s fast development have considerably outpaced the Optimism[OP] protocol within the Layer 2 race. Nonetheless, Optimism’s current developments maintain the potential to bolster the protocol’s place and equip it with a aggressive edge towards different Layer 2 options.
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New developments
The Optimism protocol will quickly be introducing Superchain, which contains a unified community of chains constructed utilizing the OP Stack. These OP chains are interconnected, sharing a safety and communication layer, and make use of the identical open-source standardized expertise stack.
As per Messari’s knowledge, Superchain goals to allow atomic and trust-minimized cross-chain rollup communications, thereby decreasing the assault floor and eliminating chain reorganizations. Furthermore, it guarantees decrease prices by eliminating cross-chain consensus verification.
The low prices and improved safety of could drive customers to the Optimism protocol going ahead. At press time, OP lagged behind its opponents by way of every day exercise.
Polygon ranked primary on this regard, with 432,000 energetic addresses on the protocol. Arbitrum ranked second, with 170,290 every day energetic addresses on the protocol. Optimism got here in final with 116,20 energetic addresses on the community.
The identical sample was noticed by way of the variety of transactions occurring as properly, with OP trailing behind the remainder of the L2 options.
Supply: Artemis
Optimism ranked final within the DeFi sector as properly. The TVL collected on the community was considerably decrease than the opposite two protocols. This may very well be attributed to the declining DEX volumes on the Optimism community suggesting that the protocol could should work on enhancing the state of DeFi on its protocol.
Supply: Artemis
Solely time will inform whether or not new developments within the Optimism protocol pertaining to the Superchain might help enhance the state of affairs on the community going ahead.
Reasonable or not, right here’s Optimism’s market cap in BTC’s phrases
Trying on the worth
The OP token, nevertheless, was doing significantly better. The worth grew materially over the previous couple of weeks, and at press time the OP token was buying and selling at $1.452.
The community development for OP surged considerably during the last week, implying that new addresses have been displaying curiosity within the token. Moreover, the speed of the token improved as properly, indicating that the frequency with which the OP token was being traded had grown.
Supply: Santiment
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