- Optimism got momentum in the L2 sector.
- Optimism’s NFT sector saw considerable development, with a rise in mining activity and increased everyday activity.
Optimism [OP] was making considerable strides amongst layer 2 options. It exceeded the development of Polygon [MATIC] and Arbitrum [ARB] in the NFT sector. In spite of at first dragging, Optimism has seen increased interest in its procedure, especially in the NFT area.
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Music NFTs make an impact
One noteworthy location of development for Optimism remained in the NFT sector. After releasing on Optimism on 13 June, the variety of mints of sound xyz, a music NFT circulation platform, have actually escalated. It minted over 150,000 music NFTs on the network this month.
This outstanding figure is nearly comparable to the overall variety of music NFTs minted on Ethereum in the previous year. The rise in mining activity can be credited to the release of the V Buterin music NFT by the Optimism Collective.
Source: Dune Analytics
In contrast, Polygon and Arbitrum experienced a decrease in the NFT sector. Dapp Radar’s information exposed a substantial drop in volume and sales of blue chip NFTs on the Polygon network over the previous week.
Likewise, OpenSea’s information suggested decreasing interest in Arbitrum NFTs, as evidenced by the decreasing flooring rate on the procedure.
Source: Dapp Radar
A tight race
Nevertheless, Optimism saw constant development in active addresses over the previous year, driven by the spike in NFT interest and the existence of numerous dApps on the network. While Polygon stays dominant in regards to active addresses, followed by Arbitrum, Optimism’s increasing everyday activity recommends a capacity for surpassing its rivals in the future.
Source: Artemis
These favorable advancements have actually equated into monetary success for Optimism. Token Terminal’s information revealed a significant 29% rise in income for the network over the previous month.
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In contrast, Polygon experienced a substantial decrease of 47% in income throughout the very same duration, while Arbitrum observed a reduction of 34.4% at the time of composing.
Source: Token Terminal
While Polygon and Arbitrum are presently leading the L2 race, Optimism’s current uptrend positions it as a powerful rival. If Optimism can sustain this momentum, it has the prospective to become a strong gamer in the L2 sector, exceeding its competitors in the future.
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