As OP wavers, can ARB, zkSync, or STRK step up to the plate? Analyzing...
The decline in gas usage could be attributed to the falling number of daily active addresses on the Optimism network. Over the last few days, the number of daily active addresses on Optimism has fallen from 90,000 to 70,000.Despite the threat to its dominance, Optimism may still revive interest in its protocol.
Token Terminal’s data shows an increase in the number of active developers on the network and a surge in code commits on Optimism’s GitHub. This suggests that Optimism may be working on new upgrades and updates to enhance its protocol, which could potentially attract more users.The decline in NFT trades on the Optimism protocol could negatively impact its overall adoption and usage, as NFTs have become a significant use case for layer 2 technology.
As a result, the volume of OP grew significantly from 82 million to 243 million. This suggested that, at press time, investors and users had confidence in OP despite the challenges faced by the protocol.
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