Declining active users and transactions on Optimism could affect its future success. High fees and lack of interest in the native token could contribute to the decline in active users. Based on data provided by Token Terminal, Optimism’s [OP] market cap continued to grow despite a decline in the number of daily active users. This […]
Source: Dune Analytics
This affected the revenue generated by Optimism as well, which decreased during this period. Based on information provided by Token Terminal, the overall revenue generated by Optimism decreased by 70.3% in the last week. However, its Total Value Locked continued to show growth despite these factors. According to DefiLlama,Time for pessimism?
However, even though the TVL of Optimism increased, the interest in OP continued to decline. Moreover, trading volume fell from 563 million to 263 million.The velocity of the OP token also decreased, which implies that the frequency with which OP was being transferred amongst addresses reduced. This could suggest that the token holders were not actively trading OP.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sister of late Vancouver police officer describes declining mental state to inquest jurorsBefore her death, Vancouver police officer Nicole Chan feared she would never be able to return to the job she loved, her sister testified.
Read more »
Sister of late Vancouver police officer describes declining mental state to inquest jurorsBefore her death, Vancouver police officer Nicole Chan feared she would never be able to return to the job she loved, her sister testified.
Read more »
Postmedia to lay off 11 per cent of editorial staff amid rising costs, declining advertisingThe media company owns more than 130 brands and says the restructuring will affect all titles across the chain
Read more »
Curling PA plans met with ‘cautious optimism’ from some top Canadian curlersCurling PA creation met with ‘cautious optimism’
Read more »
Wild Fork is a new GTA service delivering high-quality meat and seafoodFood delivery options have become a staple for students, parents, and all types of time-crunched people in and around Toronto, especially with the ...
Read more »
Ottawa underestimating risk of 2023 recession, prolonged high interest rates: former BoC governor David DodgeIn a new report released Monday, he warns the Liberals may have a hard time delivering on all their recent political commitments
Read more »