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Optimism (OP) increased by ten percent. With a 200% increase in trading volume, optimism has been revived. In this post from “Pooyan Music“, we bring you a report on the recent growth of optimism.
Optimism continues to grow among the chains of the second layer. In the meantime, the increase in its trading volume gives the news of a new rally.
Optimism (OP), the Ethereum-based Layer 2 protocol, is one of the most popular in the market today, after rising 10% to $1.72. Optimism has a hidden growth feature that has made it draw a steady growth trend over the past month. This currency has grown by 37.39% in the last month. This growth was accompanied by only two sharp corrections, on November 3rd and 7th.
One of the key characteristics that contributes to the growth of optimism is the parabolic growth in the volume of its transactions. According to data from CoinMarketCap, the token volume increased by 233% overnight. A total of $432,295,089 was traded in cash exchanges. Despite OP being ranked 38th in terms of size, it ranks 27th in terms of market capitalization.
As a layer 2 protocol, Optimism can pride itself. Because in the last two years, it has shown many competitive advantages. The popular underlying protocol of Coinbase is based on Optimism technology. It shows the power of engineering and its vision to help evolve the industry as a whole.
With support holding above the $1.65 level, OP bulls are pushing for more. Because this token has increased by 62.48%. It aims to retest its all-time high (ATH) at $4.57.
Optimism may be one of the most revolutionary layer 2 protocols in the industry today. It also has its charm in enhancing its social interaction.
The protocol launched a major airdrop campaign in September. A protocol intended to reward some of the most committed users and governance participants. With the user aware that optimism always rewards commitment, OP is more welcome. A trend that can be seen with the current buying momentum.
Overall, recent partnerships and a commitment to promoting inclusiveness are recipes for shining optimism in the long term.
