As of 2024, Optimism stands out as the top performer in the layer 2 space, boasting the highest total active addresses compared to other layer 2 platforms.

The growth rate of Optimism addresses surpasses its counterparts, positioning it as a frontrunner in the evolving landscape of layer 2 solutions.

Optimism Mainnet consistently maintains a dominant position, accounting for over 60% of the daily active addresses among the leading optimistic rollups. This sustained prominence underscores Optimism’s resilience and popularity within the layer 2 ecosystem.

Optimism Leads in Active Addresses!
Optimism Mainnet has frequently had over 60% of the number of daily active addresses out of the top optimistic rollups.
User activity on Optimism has increased as popular apps like WorldCoin and Farcaster have deployed on Optimism pic.twitter.com/W3rQChW7Nm

— IntoTheBlock (@intotheblock) February 11, 2024

January 2024 witnessed Optimism leading the pack in total new addresses created across layer 2 platforms. With an impressive figure of +17.5 million new addresses, Optimism outpaced competitors, with Base securing the second position at +3.6 million new addresses.

This substantial lead in new address creation reflects the platform’s growing user base and increasing adoption.

The surge in user activity on Optimism can be attributed to the deployment of popular apps like WorldCoin and Farcaster. The presence of such applications enhances the platform’s ecosystem, attracting users and contributing to its overall vibrancy.

I. Addresses

1. Total Addresses by Chain

In 2024, #Optimism still maintains its position as the highest total addresses

The growth rate of Optimism’s addresses appears to be better than that of other #layer2 platforms

(3/24) pic.twitter.com/M2UgtB8Fnf

— Coin98 Analytics (@Coin98Analytics) February 7, 2024

Optimism OP Price Action To Monitor

Notably, Optimism’s value experienced a notable upswing, surging by over 18% in the preceding week. The token reached a high of $3.84, coming within a few cents of its all-time high at $4.56. This price momentum further solidifies Optimism’s position as an attractive investment and underscores its potential for sustained growth.

As Optimism continues to lead in both user engagement and token value, its role in shaping the future of layer 2 solutions remains pivotal. The platform’s success is indicative of its technical advancements, developer support, and the broader positive sentiment surrounding layer 2 scalability solutions in the blockchain space.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Filed under: Bitcoin - @ February 13, 2024 4:23 am