Thanks to the improve in action on the network thanks to the NFT plan, as effectively as the degree two motion, the value of the OP Optimism token has reached a new all-time higher.
On Jan. 25, Optimism’s OP token surged to $two,555, the coin’s new all-time higher (ATH) and its highest value because August 2022.
Since the begin of 2023, the PO has enhanced 178% from $.918 to $two,555, just before correcting to the $two.one zone at the time of the update.
The impetus for the extraordinary peak of Optimism came from several aspects, together with the basic recovery of the cryptocurrency industry in January, the trend of investing in liquid / layer-two staking tasks getting ready for the impending update of Ethereum, and comes from inside of Optimism as the network just completed its Optimism Quests plan.
Optimism Quests is a plan that encourages cryptocurrency end users to master extra about the cryptocurrency sector and the undertaking. However, the psychology of most of the participants is with the expectation that this will be the evaluation criterion for optimism to carry out the following OP air launch.
As Coinlive reported, Optimism 1st announced the OP token in April 2022 and carried out an airdrop for these who have participated in working with this layer-two in the previous. The OP’s launch occasion in June of that yr brought on very a stir as several individuals obtained a major quantity of tokens.
However, because then, Optimism has no longer launched OPs for basic end users as previously promised, but has only awarded a modest quantity of OPs for ecosystem growth pursuits.
Therefore, several individuals feel that the Optimism Quests plan is essentially the following evaluation criterion for obtaining the airdrop, particularly when participants will acquire NFT certificates for finishing the job.
Optimism Quests have been announced at the finish of September 2022 and will run until finally January 18, 2022. As you can see, the amount of transactions on Optimism has steadily enhanced all through this time period, then peaked in the days foremost up to the deadline. However, in the days that followed, action on Optimism plummeted and returned to par with just before November 2022.
According to the information of Dune analysisDuring the plan time period, extra than 450,000 wallets obtained around three.four million NFTs for finishing Optimism Quest pursuits.
Previously, Optimism’s tier two “rival” network also ran a comparable plan known as Arbitrum Odyssey, but to date Arbitrum has not launched its ARBI token, regardless of continual rumors.
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