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- 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.
Source: TradingView