The most popular Ethereum layer-2 solutions Arbitrum And Optimism competition is getting fiercer day by day. Optimism continued to grow despite Arbitrum’s recent launch of the native token ARB.
The Twitter account, which shared the data on the Optimism platform, made a post reflecting the parabolic increase in the number of wallet addresses.
✨🔴#optimism unique users are exploding in parabolic way 📈@optimismFND going super-chain is around the corner and nobody knows how high this can reach 👀 🤔#layer2 #L2 $OP $ETH pic.twitter.com/PrFCBMEeaD
— Optimism Hub (✨🔴_🔴✨) (@OptimismHub) March 20, 2023
Despite the end of the NFT distribution for incentive purposes in the past months, the increase in the number of wallets reveals that the competition continues at full speed. The fact that transfer fees are lower than other competitors may be the most important reason for the interest in the ecosystem.
The Number of Wallets Is Increasing, But…
Compared to the increasing number of wallets, gas usage on the on-chain data Optimism network decreased. This data is interpreted by on-chain analysts as declining network activity.
On-chain data provider Token Terminal has shared another chart confirming the downturn in the event.
According to Token Terminal, the drop in the overall fee has also resulted in reduced revenues. Daily revenue in the OP network has decreased by about 30% in the last 24 hours.
Despite the increase in the number of wallets, it is a matter of curiosity how long the decline in usage acceleration will last.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!