• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Decline of Optimism and Arbitrum Blockchains Amid Market Volatility

user avatar

by Giorgi Kostiuk

a year ago


The recent market volatility brought about by the US elections has negatively impacted many crypto projects, including Layer 2 blockchains like Optimism and Arbitrum.

The Situation with Optimism and Arbitrum Blockchains

Optimism and Arbitrum blockchains are experiencing downturns amid bearish market conditions. Recent volatility resulted in a 15% monthly decline for Optimism, while Arbitrum also faced significant price drops. Despite Arbitrum's on-chain growth, with TVL reaching $2.3 billion in January, its value has been steadily declining.

Rollblock's Growth Amid Volatility

While Optimism and Arbitrum suffer, Rollblock blockchain is growing amid market instability, attracting investors with its unique revenue-sharing program, leading to a 300% increase in its token's value. Investors are attracted by passive income opportunities and future staking prospects, resulting in successful token presales and $5 million raised.

Current Prospects and Price Changes

Despite price declines, interest in Arbitrum remains, as evidenced by a 10% increase in open interest to $135 million over the last three days. Optimism, facing a 15% drop over the last 30 days, has shown growth in the last 24 hours, rising over 10%, due to whale activity and Kraken's announcement regarding the OP Stack framework.

Despite the bearish sentiment in the cryptocurrency market, certain projects like Rollblock continue to exhibit significant growth by attracting investors with innovative solutions. Meanwhile, Optimism and Arbitrum remain challenged in regaining their positions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP ETF Filing Validates XRP as Underlying Asset for Regulated Derivatives

chest

XRP ETF filing confirms XRP as an approved underlying asset for regulated derivatives, indicating institutional acceptance and paving the way for future financial products.

user avatarMaya Lundqvist

Roundhill Investments Files Amended Registration for XRP ETF

chest

Roundhill Investments has submitted an amended registration statement for its XRP ETF, which could launch as soon as January 29.

user avatarLeo van der Veen

AEON and OKX Partnership Enhances Blockchain Payment Efficiency

chest

The integration of AEON's payment protocol with OKX's X Layer significantly reduces transaction costs and settlement times, making cryptocurrency payments more practical for everyday purchases.

user avatarTenzin Dorje

AEON's QR Code Payments Target Emerging Markets

chest

AEON and OKX partnership targets regions with high mobile penetration and limited banking access, enhancing cryptocurrency adoption through QR code payments.

user avatarAisha Farooq

Filecoin Breaks Out of Price Range, Signaling Bullish Momentum

chest

Filecoin (FIL) has experienced a significant price breakout after months of sideways movement, indicating a potential bullish trend.

user avatarLi Weicheng

AEON Integrates QR Code Crypto Payments with OKX's X Layer

chest

AEON has announced the integration of QR code crypto payments on OKX's X Layer, enhancing blockchain commerce in emerging markets.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.