1 year ago
Layer 2 (L2) web Optimism (OP) transaction measurement has declined by implicit 70% to 200,000 from an all-time precocious (ATH) of 800,000, according to Etherscan data.
Meanwhile, contempt the steep diminution successful its transaction volume, Optimism’s OP printed a $2.49 ATH connected Jan. 25, according to CryptoSlate data.
Optimism’s transaction measurement falls
Binance probe pointed retired that the diminution successful measurement coincided with Optimism ending its NFT inducement program, “Optimism Quests,” connected Jan. 17 — the NFT programme majorly drove idiosyncratic engagements and transactions to the L2 network.
Optimism’s maturation was inorganic successful 2022 due to the fact that incentives successful its ecosystem fueled its growth, a Messari study said. Recent events connected the web person confirmed this report.
For context, the L2 web registered implicit 600,000 transactions connected Jan. 17 and declined by implicit 50% to 239,000 by Jan. 18, according to Etherscan data. Since then, the web measurement has ranged betwixt 160,000 – 200,000.
Source: EtherscanMeanwhile, decentralized concern (DeFi) analyst, DeFiyst, suggested that users participated successful the inducement programme due to the fact that they wanted to suffice for OP’s 2nd airdrop.
OP trades astatine caller ATH
OP is 1 of the biggest gainers successful the existent marketplace rally, increasing by implicit 139% successful the past 30 days. As of Jan. 1, the governance token was trading for little than $1, but its worth much than doubled erstwhile the web witnessed a surge successful its transaction measurement connected Jan. 12.
Despite ending the Quest programme much than a week ago, OP’s worth has accrued by 21% successful the past 7 days..
The station Optimism (OP) hits caller ATH contempt 70% transaction measurement decline appeared archetypal connected CryptoSlate.
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