Investors and traders alike in the crypto sector are watching with interest the ecosystem of Ethereum’s second layer Optimism chain, where the number of transactions has increased incredibly. And this may even mean that activity in the world of blockchains will increase in general. Because Optimism has been producing incredibly good numbers in the past few weeks and has now pushed its big rival Arbitrum behind it. In the case of the latter, activity has halved compared to the peak in November.
The popularity of Ethereum’s second-layer networks continues to grow
What makes this interesting for everyone is the fact that this kind of increase in activity also means that investor interest in blockchains in general is also increasing. Optimism itself is a second tier solution that allows merchants to complete transactions in seconds for almost pennies. This is just one of many new second-layer networks that promise cheapness and speed. According to blockchain data, Optimism registered more than 800,000 transactions per day last week. This is a doubling compared to last November.
Compared to last June, it is a tenfold increase. The value locked on Optimism’s network is around $600 million. 18% of this comes from the popular trading protocol, Synthetix. This decentralized application allows traders to trade financial derivatives without intermediaries. Some platforms on Optimism’s network offer commissions of up to 100% were able to generate, which explains the increase in interest. By the way, the native OP token of Optimism brought together a 40% price increase in the last week.
