Ethereum scaling solution Optimism (OP) continues its impressive rally, surging 10% to reach $1.72. This latest uptick caps off a strong month for OP, which has now gained 37% over the past 30 days amid only two minor pullbacks. Propelling Optimism’s ascent has been a parabolic boost in trading volume, which has exploded 233% to over $432 million.
Keypoints
- Optimism (OP) price is up 10% to $1.72, continuing its upward momentum over the past month with 37% growth.
- Trading volume has surged 233% to over $432 million, underscoring strong interest in OP.
- As a leading Layer 2 protocol, Optimism provides scaling benefits for Ethereum. Its technology powers major projects like Coinbase’s Base.
- Optimism has initiated airdrops and promotions to reward engaged community members, further growing adoption.
- With support above $1.65, OP could target a 62% surge to retest its all-time high of $4.57.
Optimism is designed to…
