• 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

Bitcoin Holds at Critical Support Level Amid Market Turbulence

chest

Bitcoin is currently maintaining its critical support level of 86,000 amid significant macroeconomic pressures and reactions from institutional investors.

user avatarMaria Fernandez

UAE Introduces New Law for DeFi and Web3 Regulation

chest

The UAE has enacted a financial law mandating licensing for crypto payments and services, placing DeFi and Web3 platforms under Central Bank oversight.

user avatarGustavo Mendoza

Winning Film 'Grandma Likes to DCA' Showcases Innovative Storytelling

chest

The winning film 'Grandma Likes to DCA' was created to educate newcomers about Dollar-Cost Averaging.

user avatarRajesh Kumar

Cosmos Community Launches Initiative to Overhaul ATOM Tokenomics

chest

The Cosmos community has launched a multistage research project to redesign ATOM's tokenomics for a sustainable economic model.

user avatarLuis Flores

Kaspa's Technical Upgrades and Ecosystem Growth

chest

Kaspa is rapidly evolving with successful testnets and upcoming stablecoin bridges, enhancing its utility.

user avatarDavid Robinson

Institutional Investors Show Renewed Interest in Bitcoin and Ethereum

chest

Institutional investors are reentering Bitcoin, while Ethereum sees modest net inflows.

user avatarMiguel Rodriguez

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.