- Optimism’s new Superchain might affect the protocol’s progress 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 progress 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 includes 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 information, 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 might drive customers to the Optimism protocol going ahead. At press time, OP lagged behind its rivals when it comes to each day exercise.
Polygon ranked primary on this regard, with 432,000 energetic addresses on the protocol. Arbitrum ranked second, with 170,290 each day energetic addresses on the protocol. Optimism got here in final with 116,20 energetic addresses on the community.
The identical sample was noticed when it comes to the variety of transactions occurring as nicely, with OP trailing behind the remainder of the L2 options.
Supply: Artemis
Optimism ranked final within the DeFi sector as nicely. 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 might need to 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 can assist enhance the state of affairs on the community going ahead.
Sensible or not, right here’s Optimism’s market cap in BTC’s phrases
Wanting on the worth
The OP token, nonetheless, was doing a lot better. The value grew materially over the previous couple of weeks, and at press time the OP token was buying and selling at $1.452.
The community progress for OP surged considerably over the past week, implying that new addresses have been exhibiting curiosity within the token. Moreover, the speed of the token improved as nicely, indicating that the frequency with which the OP token was being traded had grown.
Supply: Santiment
