.optimismFND Optimism (OP) daily transactions soar by 300%; here's price implication OP $OP
, a blockchain analytics firm, also reports an increase in transactions on the Optimism network. On June 26, it was reported that after the June 6"Bedrock" upgrade, transactions on the Optimism network increased by 67%.
Before the upgrade, the network saw less than 300,000 transactions per day, but this figure had risen to nearly 550,000 by the middle of June. This is an almost 67% rise. Notably, gas prices have decreased by around 50% to around $50,000. On June 6, the Optimism network received its"Bedrock" upgrade, which reduced deposit times, reduced Layer 1 costs and included additional security features.
The upgrade is one of a series of improvements that Optimism claims will contribute to the creation of a"Superchain" of scaleable Web3 networks based on its OP Stack software.The recent spike in transactions has yet to impact the OP price positively. At the time of writing, OP, the native token of the Optimism blockchain, was down nearly 7% in the last 24 hours to $1.25.
Since attaining highs of $3.28 in February, OP has reached lower highs and lower lows, which shows a decrease in value.
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