Optimism

<ul><li>Santiment data shows an above-average amount of USDT and USDC volume on OP blockchain.</li><li>The stablecoin volume spike and OP’s price setting a local top happened simultaneously.</li><li>OP’s price is down more than 3% over the last 24 hours.</li></ul>According to the blockchain analysis firm, Santiment, there have been some anomalies in network activity for Optimism (OP). In a tweet today, Santiment posted a highlight of their findings.The report shows that Optimism, which is one of the few blockchains with “increasing TVL and on-chain activity,” has shown quite some weird action recently. Perhaps the most intriguing bit of network activity on the Optimism chain is the extremely high transaction volume of stablecoins on it, the report stated.Santiment’s report uncovered that the average USDT and USDC transaction volume on Optimism is less than $10 million. However, the detected anomaly showed that this figure skyrocketed to more than $1 billion recently.<a href="https://coinedition.com/stablecoin-transaction-volume-on-op-network-over-1-billion/" rel="noopener noreferrer nofollow">See original on CoinEdition</a>

Stablecoin Transaction Volume on OP Network Over $1 Billion

Coin Edition

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