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Assessing the state of Optimism [OP] after it reclaims $1 billion TVL
An assessment of the TVL showed that almost all the chains under the Optimism chain registered upticks in the last seven days. The likes of Velodrome, Beefy, andshowed that these protocols had not been able to sustain their benevolence recently. For example AAVE V3 lost 5.73% of its contribution to the TVL in the last 24 hours.Despite the rise in the value locked, it was unable to significantly impact the OP price. At press time, Optimism had lost 3.44 % of its 24-hour value.
At a value of 17.38, it was almost certain that Optimism was upgrading some parts of its ecosystem. For investors, the rise in development activity could mean a possible price increase if the upgrade was a significant one. However, it has not always been the case with cryptocurrencies especially as development activity can sometimes be negligible. So, OP investors might need to keep down their hopes of an instant impact.sojourn, Optimism has rarely been doing well lately. The last time it had a major volume surge was on 26 October. During the period, the total NFT trades volume stood at $1.42 million. This implied that there were a good number of traders exchanging these digital collectibles at the time.
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