As Optimism captures significant online attention and posts strong monthly gains, traders are now watching whether a recent steep drop in trading volume will reverse.
Optimism expands its ecosystem and outperforms rivals
OP's price has gained
↗12%
over the past month, outpacing the
↗4%
gain from competitor MATIC. This performance coincided with several ecosystem developments, including a deal with
Ronin, an expansion by
WisdomTree, and a new rewards vault from
MoonwellFi.
Social media activity sees a dramatic surge
The project experienced an extraordinary
↗3170%
increase in social media activity over the last week. This surge came with high-quality engagement, showing
70%
positive sentiment and a low spam rate of
5%
.
Trading volume shows a significant decline
Despite the positive price performance, OP's trading volume fell by
↘50%
. This drop was more pronounced than the broader market's
↘36%
volume decline during the same period.