Optimism [OP] short-term holders planning to book profit should read this first
has been in decline, according to Dune Analytics. This could potentially affect the increasing TVL of Optimism in the future. The decreasing number of transactions might be an indication of a lack of liquidity or a lack of interest in the network.revealed that Optimism witnessed degraded performance on the Goerli Testnet. This could negatively impact the perception of Optimism.
Other popular dApps on the Optimism network, such as Synthetix and Odos, have also seen a decline in activity. According to dApp radar, the number of unique active wallets on Synthetix fell by 16.85%, and for Odos, the unique active wallets fell by 37.39% during the same period. This decline in activity could be an indication of a shift in user preferences or a lack of new users joining the network.
The growing MVRV ratio suggested that most of the OP token holders were profitable, while the increasing long/short difference implied that most of the addresses that were holding the token were long-term holders.Despite the growing prices, long-term holders were less likely to sell their positions. Meanwhile, at the time of writing, OP was trading at $2.27, and its price increased by 13.30% in the last 24 hours.
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.
![Are Uniswap’s [UNI] high fees threatening the popularity of the DEX](https://i.headtopics.com/images/2023/1/25/cryptoamb/are-uniswap-s-uni-high-fees-threatening-the-popula-are-uniswap-s-uni-high-fees-threatening-the-popula-1618241023968251906.webp?w=640)
Are Uniswap’s [UNI] high fees threatening the popularity of the DEXHigh fees on Uniswap could lead to users searching for cheaper alternatives. Order flow toxicity and a decline in organic transactions on Uniswap could cause disinterest in the DEX. Uniswap [UNI] ranked third in the crypto space in terms of fees charged to users. According to Token Terminal’s tweet on 25 January, the cumulative fee […]
Read more »
Forest City Velodrome remains in the dark following copper wire theft - London | Globalnews.caCraig Linton, president of the Forest City Velodrome, said that the blackout was initially expected to be resolved by Wednesday.
Read more »
Curling PA plans met with ‘cautious optimism’ from some top Canadian curlersCurling PA creation met with ‘cautious optimism’
Read more »
Is Optimism’s soaring market cap masking these troubling signalsDeclining 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 […]
Read more »
Global economic forecast for 2023 downgraded, at odds with market optimismThe 2023 growth forecast is well behind an International Monetary Fund forecast of 2.7% that was issued in October and is due to be updated next week
Read more »
Arbitrum outperforms Polygon and Optimism in this key areaArbitrum generated higher revenue compared to other L2 solutions with no token incentives. NFT trading volume surged on Arbitrum. Arbitrum was observed to be generating more revenue when compared to other layer-2 solutions like Optimism and Polygon. According to data provided by the token terminal, Arbitrum generated $14.4 million in revenue without accumulating any overhead […]
Read more »