Outstanding Ethereum layer-two scaling answer – Optimism – has gained widespread recognition in 2023, addressing the demand for higher options, and its person base has soared this 12 months.
In keeping with the newest knowledge compiled by Intotheblock’s knowledge, the community now boasts over 5.9 million addresses with a steadiness, marking a considerable improve of 391% from the 1.2 million recorded in January.
Optimism’s Person Exercise Spikes
As of December twenty second, the general variety of addresses on the Optimism Layer 2 community has elevated to round 84.38 million. Though this quantity had been steadily rising, it wasn’t till mid-September that the deal with rely on the community skilled vital development. In simply the final three months, this determine has surged by over 843%.
This notable improve might be attributed to the profitable completion of Optimism’s third airdrop on September 18th, which was a part of the protocol’s neighborhood incentivization and governance plan. Throughout the occasion, a complete of 19,411,313 OP tokens, valued at over $26 million, had been distributed to 31,870 distinctive addresses.
What a 12 months for @Optimism! The community at the moment counts over 5.9 million addresses with a steadiness, up 391% from 1.2 million in January!
🔗https://t.co/b6bBM1Qd6z pic.twitter.com/58gPngqEk3— IntoTheBlock (@intotheblock) December 21, 2023
Along with elevated addresses on Optimism, the transaction rely on the community additionally recorded a spike, demonstrating a big improve in person exercise as competitors among the many Layer 2s heats up.
As per L2Beat, Optimism at the moment boasts a whopping $5.19 billion in whole worth locked (TVL) and is the second largest Layer 2 beneath Arbitrum. Optimism’s market share, then again, stands at over 30%.
Over the past 30 days, Optimism skilled a notable 41.57% improve in income, accumulating $4.47 million, based on Token Terminal knowledge. In the meantime, the Layer 2 community’s annualized income has risen by almost 80% Over the previous 12 months, reaching a complete of $54.33 million.
By way of value actions, the OP token has been on a roll currently, surging by 30% up to now day and 40% throughout the final week. Because of this, it trades at $3 as of now.
Layer 2: 2024
In 2023, Ethereum Layer 2s have demonstrated substantial development, and trade consultants preserve their confidence in these options.
JPMorgan additionally expressed a constructive outlook, highlighting the upcoming Proto-dank sharding improve scheduled for the primary half of 2024. This improve holds vital significance for enhancing Ethereum’s scalability and effectivity, particularly benefiting Layer 2 networks comparable to Arbitrum and Optimism.
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