Optimism’s blockchain has shown a large increase in non-fungible token mint, daily trades, LTV and market share, among others, achieving record highs in the last four months.
Despite the hopes that the crypto market in general seems to provide in recent days, after a little more than a year of a downward trend, the NFT ecosystem continues its positive trend in adoption and exchanges. On this occasion, the most relevant news has been taken by the blockchain of Optimism.
This Ethereum layer 2 network together with the increased movements in its NFTs, generates new hopes for the crypto market in general. One of its main goals is to offer higher transaction speeds, and lower fees than other networks.
In this regard, one of the factors that has most benefited from this result has been the adoption of Synthetixwhich contributed to the increase in transactions on this network.
Synthetix (SNX) is the native token of the protocol, whose price has obtained an increase of more than 30% in the last 7 days. In this way, it has positioned itself as one of the best decentralized finance companies (DeFi).
This increase in the value of the SNX token is directly related to a high level of optimism on the part of users regarding the usability of the platform.
According to analysis and statistics provided by DeFiantthe number of daily active users on the Synthetix protocol has reached record numbers since the launch of its V2 engine, more than doubling from 2,300 to approximately 5,800.
Currently, Synthetix states that it is developing a decentralized liquidity provisioning protocol that any protocol can use for its own purposes.
Returning to the activity of the Optimism blockchain, the network has registered the mint of more than 100,000 NFT in the last months. Thus, they have achieved a record number in 4 months.
One of the key numbers in its growth is also reflected by the number of users who have more than 10 Optimism Quests NFTwhose growth has been more than 60% in 14 days.
Regarding the TVL, Arbitrum has achieved $1.2 billion and a 63% market share. It is also directly followed by the Optimism network with an LTV of $630 million and a market share of 33%.
As we have mentioned, the figure of Optimism Quests NFT has been a clear determinant in the growth of the network. These NFTs are an educational and rewarding exploration of applications of the network. By reading information from different applications, and completing a series of tasks, the series of tasksBy reading information from various applications, and completing a series of tasks, users will have the opportunity to earn their own NFT that represents completion of the requirements.
In a nutshell, the goal of Optimism Quests NFT is to read and learn about the ecosystem and various applications. Then, demonstrate what you have learned by completing a series of tasks. Next step, having completed the tasks and credential upgrades in the Galxe campaigncampaign, you will be able to obtain the respective NFT.
Thus, it can be seen that the increase in Optimism’s NFT mintage is a positive sign for the entire NFT ecosystem, as well as demonstrating the clear potential that such a network can play in today’s ever-growing market.
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Written by Luciano Garriga (TW:@luchogarriga) for NFT Express