Optimism (OP) rises to new ATH, gaining over 40% weekly

Performance optimism continues. The cryptocurrency has just charted a new all-time high, which at this point happens almost daily.

That brings the total increase for the week to around 43%.

  • Optimism continues to be one of the best players in the cryptocurrency market, and its parent token – OP – has managed to increase by 43% in the past seven days.
  • Its monthly gains are even more impressive, around 230% in the last 30 days.
  • At the time of writing, OP is trading at around $3.22 (on Binance), marking a new all-time high.
Source: TradingView

  • The impressive price performance comes on the back of a significant increase in the total value trapped in the protocol, which is currently at a 3-month high.
  • The last time TVL reached this high was in November 2022.
  • It’s also worth noting that OP is among the leaders in derivatives trading volume, and turbulent price action has resulted in $3.5 million worth of trades being cleared in the past day alone.
  • like encrypted potatoes As reported yesterday, the Optimism Foundation released a proposal to upgrade the mainnet to provide “a new level of modularity, simplicity, and Ethereum-equivalent to Layer-2 solutions, delivering unprecedented performance and functionality.”
  • The upgrade will also reduce transaction costs and increase throughput characteristics and sync speeds.

Post Optimism (OP) Skyrockets to New ATH, Gains Over 40% Weekly Debuted on CryptoPotato.

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