Despite an increase in OP’s active addresses, it remains behind its competitor, Arbitrum. OP’s price, however, rallies by over 2% in the last 24 hours.in a key metric. The metric not only put OP at the top of the leaderboard but also suggested that L2’s adoption and network activity were again picking up pace.After a dip, Intotheblock’s recent tweet revealed that optimism once again became the top LE on Ethereum in terms of active addresses.
Notably, Artemis’ data revealed that both ARB’s active addresses and daily transactions remained relatively higher than those of OP. A similar trend was also seen in terms of their DEX volume., OP was up by more than 7% over the past week. In fact, in just the last 24 hours, OP’s price surged by over 2%.
At the time of writing, it was trading at $1.40 with a market capitalization of over $1.2 billion. A possible reason behind this could be OP’s increase in MVRV ratio over the last few days.Another positive metric was Optimism’s Development Activity, which rose. This suggested that developers were putting more effort into improving the blockchain.’s Price Volatility 1w dropped in the recent past.
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