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OP

cryptocurrency December 28, 2023

Advertisements Use of Layer 2 solutions has risen in 2023. Leading platforms Optimism and Arbitrum closed the year with high network fees and revenue. Ethereum’s [ETH] network has grappled with scalability limitations for years. High transaction fees and network congestion have often prevented innovation and widespread adoption. For example, by May 2022, the average transaction […]

cryptocurrency August 19, 2023

Advertisements Increased L2 adoption has led to a jump in transaction count across Ethereum Mainnet and major optimistic rollups. Due to the launch of friend.tech, Base outperformed Optimism and Arbitrum last week. The transaction numbers between Ethereum [ETH] Mainnet and major optimistic rollups recently hit their second-highest value ever, IntoTheBlock noted in an 18 August […]

cryptocurrency May 28, 2023

Advertisements The hike in fees denotes a 5x increase from the value when the year began. Among all L2 projects, Arbitrum remains the one with the most market share.  Layer two (L2) solutions under the Ethereum [ETH] blockchain have sustainably gained traction as a means of addressing the network’s scalability and high transaction fees. As […]

cryptocurrency April 26, 2023

Advertisements About $4.23 billion worth of trades were settled on Arbitrum last week, as compared to $8.4 billion on Ethereum. The average number of transactions on all L2s has outpaced Ethereum mainnet transactions. Ethereum’s [ETH] decentralized exchange (DEX) volume dominance on the 90-day moving average fell in April for the first time since the end […]

cryptocurrency June 1, 2022

A very expected launch went live as the governance token OP was airdropped by the Ethereum layer-2 scaling solution Optimism. Advertisements Why So Optimistic? In a mission to fund public goods and create a sustainable future for Ethereum, the Optimism Collective firmly believes that “positive impact to the collective should be rewarded with profit to […]