Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»How Optimism Regained the L2 Dominance
ALTCOIN NEWS

How Optimism Regained the L2 Dominance

By Crypto FlexsDecember 10, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
How Optimism Regained the L2 Dominance
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: December 10, 2023


  • Optimism now has the highest number of L2 active addresses.
  • OP’s TVL remained the second largest among L2s.

Optimism (OP) has recently faced stiff competition from other L2 networks on a variety of key metrics. Nonetheless, it has successfully bounced back and regained its footing over the past few weeks.

Optimism sees record active addresses.

Source of data Into the Block Optimism has regained its position as the leading L2 network in terms of active addresses. Although Base was initially challenged by a surge in active users upon launch, Optimism has bounced back significantly.

Analysis of Defillama’s active address indicator for Optimism reveals two notable spikes in November. The first, recorded on November 16, had over 170,000 active addresses, and the second, recorded on November 17, had over 186,000.

These figures represent the highest daily figures in Optimism’s history. As of this writing, Optimism has over 72,000 active addresses.

On the other hand, the base’s active address chart has recently shown a downward trend. A cooldown occurred after a significant number of active addresses were reached. Currently, Base has over 57,000 active addresses.

How to Compare TVL in Optimism

Total Value Locked (TVL) analysis of optimism and fundamentalism showed the unchallenged dominance of the former. L2 Beats data shows that both platforms have seen an increase in TVL over the past 24 hours.

Optimism’s TVL has increased by more than 11%, reaching approximately $4.5 billion at the time of this writing. This translates into a significant market share of over 28%, making Optimism the second largest player in the L2 TVL market.

In contrast, Base experienced a slight growth of about 1%, bringing its TVL to about $628 million. Base came in third with about 4% market share, but Optimism maintained a significant lead.

In particular, TVL analysis revealed differences in trends beyond similarities in active address growth.

Operating profit on the rise again

If you look at the recent price trend of OP, you can discover an interesting pattern. After a long period of continuous decline in value, it changed direction and showed an upward trend.


How much is 1,10,100 OP worth today?


The stock is currently trading at around $2.1, reflecting a gain of more than 4%. In particular, a sharp rise of more than 26% occurred on December 7, pushing the Relative Strength Index (RSI) above 60.

At the time of this writing, RSI continues to be above 60, indicating that operating margins are still in a strong bullish trend.

Optimism Price TrendOptimism Price Trend

Source: TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Despite market volatility

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

How does it affect Bitcoin?

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025
Most Popular

Is it too late to buy HOPPY? Hoppy price surges 29%, this could be the next cryptocurrency to explode

July 8, 2024

Binance Issues Warning, Adds Monitoring Tags to 11 Altcoins, Potential Delistings

July 2, 2024

How is artificial intelligence changing cryptocurrency investing?

April 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.