Optimism earns nearly $45 million in revenue, eyes double-digit gains

Source Fxstreet
  • Optimism, an Ethereum scaling solution, collected nearly $45 million in revenue per recent data. 
  • Layer 2 chain surpassed $720 million in total value of crypto assets locked in the Optimism ecosystem. 
  • OP extends gains by nearly 2% on Tuesday, eyes $2 target. 

Optimism (OP), an Ethereum scaling solution has generated 14,300 Ether worth nearly $45 million. The Optimism Collective has generated the revenue from sequencer fees or the fees generated when a transaction is executed on the chain. 

DeFiLlama data shows the total value of assets locked in Optimism crossed $720.50 million early on Tuesday. 

Optimism extends gains with recent developments

Optimism rallied nearly 2% early on Tuesday. The Layer 2 Ethereum scaling token trades at $1.638 at the time of writing. Ryan Wyatt of the Optimism collective noted that the chain has generated 14,300 Ether in revenue from transactions executed in its network. 

There are a total of 26 Optimism Stack Chains sharing their revenue. 

The Layer 2 chain has over $720 million in cryptocurrencies locked, meaning traders trust the chain and its transparency. 

OP

TVL of Optimism 

OP could rally to its $2 target, extending gains by 22.6%. Optimism faces resistance at $1.815 and $1.822, a multi-month resistance level. OP could find support in the Fair Value Gap (FVG) between $1.532 and $1.581. 

The Moving Average Convergence Divergence (MACD), a momentum indicator, shows that OP could retreat to a support level and collect liquidity before rallying toward its target. 

OP

OP/USDT daily chart

OP could find support at the $1.222 level, the July 5 low, in the event of a correction. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
EUR/USD dives further as traders pare back Fed cuts betsEUR/USD extends losses for the fifth consecutive day and trades at 1.1520 at the time of writing on Thursday after a sharp reversal from levels near 1.1600 on Wednesday.
Author  FXStreet
8 hours ago
EUR/USD extends losses for the fifth consecutive day and trades at 1.1520 at the time of writing on Thursday after a sharp reversal from levels near 1.1600 on Wednesday.
placeholder
Nvidia Q3 Earnings Explode: $57B Smashes Wall Street, After-Hours Rally of 6% Slaps Down the "AI Bubble" Narrative! Short-term Volatility, Long-term Optimism At the latest GTC conference, Jensen Huang revealed that for the five quarters ending in 2026, the order backlog for Blackwell + Rubin has reached $500 billio
Author  TradingKey
8 hours ago
Short-term Volatility, Long-term Optimism At the latest GTC conference, Jensen Huang revealed that for the five quarters ending in 2026, the order backlog for Blackwell + Rubin has reached $500 billio
placeholder
Could XRP Really Catch Ethereum? Analysts Revisit the Question as ETF Tailwinds BuildAs US spot XRP ETFs roll out and issuers like Canary Capital and Franklin Templeton step in, analysts say XRP’s market cap could climb on growing utility and ETF accumulation—but overtaking Ethereum’s $373 billion smart-contract powerhouse remains a long-shot, at least for now.
Author  Mitrade
15 hours ago
As US spot XRP ETFs roll out and issuers like Canary Capital and Franklin Templeton step in, analysts say XRP’s market cap could climb on growing utility and ETF accumulation—but overtaking Ethereum’s $373 billion smart-contract powerhouse remains a long-shot, at least for now.
placeholder
Even As Bitcoin's Price Falls, Michael Saylor Feels 'Indestructible'The price of Bitcoin dipped below $89,000, setting a new weekly low as corporate buyer Strategy remains bullish.
Author  Mitrade
15 hours ago
The price of Bitcoin dipped below $89,000, setting a new weekly low as corporate buyer Strategy remains bullish.
placeholder
Gold Price Forecast: XAU/USD edges higher above $4,100 ahead of delayed US September NFP reportGold price (XAU/USD) attracts some buyers to around $4,110 during the early Asian session on Thursday. The precious metal gains momentum amid the cautious mood and uncertainty over the US economy. Traders will closely monitor the US September Nonfarm Payrolls (NFP) later on Thursday. 
Author  FXStreet
17 hours ago
Gold price (XAU/USD) attracts some buyers to around $4,110 during the early Asian session on Thursday. The precious metal gains momentum amid the cautious mood and uncertainty over the US economy. Traders will closely monitor the US September Nonfarm Payrolls (NFP) later on Thursday. 
goTop
quote