Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»OP loses 40% – Here’s Dencun Optimism in Post-Ethereum
ALTCOIN NEWS

OP loses 40% – Here’s Dencun Optimism in Post-Ethereum

By Crypto FlexsApril 5, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
OP loses 40% – Here’s Dencun Optimism in Post-Ethereum
Share
Facebook Twitter LinkedIn Pinterest Email
  • Optimism has seen a huge uptick in liquidity over the past few days.
  • Operating profit prices continue to fall despite a surge in liquidity

Among other layer 2 networks, Optimism (OP) has benefited tremendously from the recent Dencun upgrade of the Ethereum network, which has reduced gas fees for these networks.

get liquid

Over the past week, Optimism’s liquidity has increased by $62 million. Higher liquidity generally improves market efficiency and reduces slippage, making it more attractive for traders and investors to participate in network trading. This can drive increased trading activity and volume, contributing to an overall healthier ecosystem.

Additionally, increased liquidity can improve Optimism’s overall stability and resilience. Deep, liquid markets can help absorb large buy or sell orders without causing large price movements, increasing user and investor confidence.

Source: Artemis

fierce competition

Despite the high liquidity seen on the Optimism network, the network’s Decentralized Exchange Volumes (DEX) continued to decline. On this front, the network could not compete with networks like Arbitrum and Base. Due to the decline in DEX trading volume, Optimism was also not ahead in terms of Total Value Locked (TVL).

New entrants to the market like Base have been able to outperform Optimism in this regard over the past few days.

Source: Artemis

OP status

OP hasn’t done very well in terms of price either.

Over the past month, operating profit prices have fallen 39.27%. OP price showed several lows and highs during this period, indicating a bearish trend. At the time of reporting, OP tokens were trading at $2.924, having surpassed the $3.234 level. Moreover, the OBV (Balance of Balance) of operating profit also decreased.

A decline in OBV signals weakening buying pressure and potentially bearish sentiment among traders. Additionally, a decline in OBV could mean less overall market demand and participation, which could further exacerbate downward price pressures.


Realistic or not, the OP market cap in BTC terms is:


Lastly, Chaikin Money Flow (CMF) for operating profit also showed a downward trend. This decrease in CMF means that there are fewer funds flowing into operating profits compared to outflows. CMF is a momentum oscillator that measures the intensity of buying and selling pressure in the market, so a decline in CMF in operating profit indicates that selling pressure may be dominant, leading to downward price pressure.

Source: Trading View

Next: What Could Binance’s Move Do for Bitcoin NFTs?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 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

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025
Most Popular

Serious security vulnerability in OKX iOS app: CertiK advises urgent update

December 21, 2023

10 crypto theories that missed as badly as ‘Peter Todd is Satoshi’

October 10, 2024

Bitcoin rebounds along with stocks as markets anticipate ECB interest rate cut this week.

June 3, 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.