Stacy

Optimism

<ul>
 <li><em>Optimism’s OP stack gained popularity amidst gaming developers in Web3.</em></li>
 <li><em>The overall price of OP declined while its velocity continued to rise.</em></li>
</ul>
<p>In a year marked by uncertainty in the crypto market, <a href="https://ambcrypto.com/search/optimism" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Optimism [OP]</a> emerged as a leading Layer 2 (L2) solution, showcasing resilience and gaining significant traction.</p>
<p>As interest in the crypto market experiences a resurgence, Optimism finds itself in a favorable position for further growth.</p>
<h4><strong>The rise of OP Stack</strong></h4>
<p>Optimism’s OP Stack, a standardized and open-source development stack, has witnessed surging popularity.</p>
<p>Notably, the OP Stack framework has become the preferred choice for full-chain game developers, facilitating the seamless creation of production-ready Layer 2 blockchains akin to OP Mainnet.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">#12: Optimism and the OP Stack framework have arguably become the most popular choice for fully on-chain crypto gaming (FOCG) developers. Starknet is another of the more popular infrastructure choices for FOCG.</p>
 <p>#13: Telegram (TON) crypto gaming is a new trend. <a href="https://t.co/hLrRxHIX1o" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/hLrRxHIX1o</a></p>
 <p>— Stacy Muur (@stacy_muur) <a href="https://twitter.com/stacy_muur/status/1738896390317879740?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 24, 2023</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h4><strong>Growth prospects in gaming</strong></h4>
<p>The gaming sector, particularly within the Web3 space, is poised for expansion. Despite the market cap of 183 gaming projects fluctuating between $4 billion and $7 billion throughout the year, the sector remains enticing for developers.</p>
<p>The influx of 76 new gaming-focused networks, including L1s, L2s, and appchains, in 2023 signals sustained growth and heightened interest.</p>
<p>Due to the popularity of gaming and OP Stack, the Optimism protocol stands to gain more traction.</p>
<p>Moreover, the Optimism protocol experienced notable growth indicators, with network activity surging by 10% and revenue witnessing an impressive 46% increase.</p>
<p>These positive metrics position Optimism as a promising player in the evolving landscape of Layer 2 solutions.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">#1: The total combined market cap of 183 gaming projects has remained relatively stable between $4B and $7B throughout the year, which is up to 86% lower than the all-time high in 2022.</p>
 <p>There is still significant potential for growth. <a href="https://t.co/hEdabkBH7R" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/hEdabkBH7R</a></p>
 <p>— Stacy Muur (@stacy_muur) <a href="https://twitter.com/stacy_muur/status/1738896335317942318?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 24, 2023</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h4><strong>State of the OP token</strong></h4>
<p>Examining the OP token’s performance, it was valued at $3.31, reflecting a marginal decline of -2.85% in the last 24 hours.</p>
<p>Despite a decrease in network growth, indicating a potential slowdown in new user interest, the token’s velocity surged. This indicated heightened trading activity around OP.</p>
<p style="text-align: center;">&nbsp;How much are&nbsp;<a href="https://ambcrypto.com/convert/1-op-to-usd" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">1,10,100 OPs worth</a>&nbsp;today?</p>
<p>Additionally, the MVRV ratio for OP displayed growth, suggesting that addresses holding OP tokens were highly profitable.</p>
<p>While this signifies potential gains for existing holders, it also raises considerations about the potential for profit-taking actions in the future. These factors could affect the price of OP negatively and there could be some corrections coming OP’s way in the future.</p>
<div id="attachment_360722" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Optimism-OP-17.13.31-26-Dec-2023.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-360722" decoding="async" class="wp-image-360722 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Optimism-OP-17.13.31-26-Dec-2023.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Optimism-OP-17.13.31-26-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Optimism-OP-17.13.31-26-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Optimism-OP-17.13.31-26-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Optimism-OP-17.13.31-26-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Optimism-OP-17.13.31-26-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Optimism-OP-17.13.31-26-Dec-2023-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <p id="caption-attachment-360722" class="wp-caption-text">Source: Santiment</p>
</div>

Optimism: Can rising interest from the gaming sector help OP

AMBCrypto

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