A red-hot Ethereum (ETH) scaling solution has seen its recent price surge matched by an all-time high in daily transactions.
The crypto research firm Delphi Digital notes that Optimism (OP) hit 691,000 daily transactions on January 7th, its best-ever number.
[adinserter block="1"]The firm adds that Optimism has seen a steady increase in transaction count since last March, despite the ongoing bear market.
Optimism’s native token, OP, is trading at $1.72 at time of writing and is up roughly 88% since the start of 2023.
Delphi Digital also notes that Optimism and fellow Ethereum layer-2 network Arbitrum were only 16,000 daily transactions short of Ethereum’s total daily transactions on January 7th.
Additionally, Optimism successfully upgraded its testnet last week.
Explains the project,
“First thing’s first: the Optimism Goerli Testnet was successfully upgraded to Bedrock! This is a crucial step in the Bedrock rollout and the result of the tremendous efforts of the protocol team at OP Labs. Next stop: Optimism Mainnet!
Which projects will thrive on Optimism with Bedrock as the foundation? With retroactive public goods funding, you have a say in the matter. Get your picks ready, because the nomination window for RetroPGF Round 2 opens next week!”
After its massive price surge in 2023 thus far, OP is only about 22% down from its all-time high of $2.21, which it hit in August. The OP token launched in May 2022.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Featured Image: Shutterstock/Spyro the Dragon
