Ethereum Scaling Solution That’s Nearly Doubled Year-to-Date Hits All-Time High in Transactions: Delphi Digital

The rising popularity of Ethereum (ETH) scaling solutions has seen record daily trading volumes in line with recent price spikes.

Crypto research firm Delphi Digital Note Its Optimism (OP) hit 691,000 daily transactions on January 7th. This is the highest number ever.

The firm adds that optimists have seen a steady increase in the number of deals since last March, despite the ongoing bear market.

Optimism’s native token, OP, is trading at $1.72 at the time of writing, up about 88% since early 2023.

Delphi Digital too Note Optimism and fellow Ethereum Layer 2 network, Arbitrum, trailed Ethereum’s total daily transactions by just 16,000 on Jan. 7.

Source: Delphi Digital

Moreover, optimism succeeded upgrade Testnet last week.

describe the project

“First of all, the Optimism Goerli testnet has been successfully upgraded to Bedrock! This is an important step in the Bedrock rollout and the result of a lot of hard work from the protocol team at OP Labs. Ground: Optimism Mainnet!

Based on Bedrock, which projects will succeed with optimism? With retroactive public good funding, you have a say in the matter. The nomination window for RetroPGF Round 2 opens next week, so get ready to pick!”

After a big price surge in 2023, the OP is only down about 22% from its all-time high of $2.21 in August. OP Token will be launched in May 2022.

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