Following a recent price increase and several partnership announcements, market observers are watching to see if OP can regain ground against competitors after a period of longer-term underperformance.
OP shows short-term strength but lags long-term performance
OP's price increased by
↗6%
over the past 24 hours, outperforming the broader market's
↗1%
gain. However, this comes after a difficult period, with the asset down
↘44%
over the last month and
↘75%
over the past year.
Optimism expands its ecosystem with new partnerships
The project announced several key developments, including a technology collaboration with Flashbots
, a new network called
GIWA from Upbit using its technology, and a deal with
Ronin.
Trading volume sees a significant daily increase
Trading volume for OP surged by
↗43%
in 24 hours, even as the broader market's volume declined. Within its category, OP ranked fourth for daily trading activity, while competitor UNI saw a
↗49%
volume increase.