Optimism (OP) transaction volume soars amid Worldcoin's migration to the mainnet
Date: 2023-07-24 Author: Karina Ziganova Categories: BLOCKCHAIN, CRYPTO PAYMENTS
The Optimism L2 blockchain is experiencing a sharp increase in daily transaction volume: according to Etherscan, it exceeded 600,000 twice in July.
According to the L2Beat platform, 15.95 million transactions have been conducted on the Optimism network over the past 30 days, which is an average of 6.12 transactions per second daily.
Worldcoin moves to the Optimism mainnet
The increase in transaction volume coincided with Worldcoin's recent move to the Optimism mainnet. Earlier this week, the Sam Altman-backed cryptocurrency project announced the move of World ID and World App to the L2 blockchain. The transition means that the Worldcoin protocol will run on Ethereum with bridges for Optimism and Polygon POS. Following the migration of the underlying technology, user migration has also begun.
Representatives of Worldcoin said that the transfer is part of a plan to implement Superchain - a network of L2 blockchains known as OP Chains, which share a common communication layer and an open-source technology stack.
The OP ecosystem is experiencing rapid growth
At the same time, several events took place in the Optimism ecosystem at once. The community has approved the proposals of O(1) Labs and RISC Zero to implement zero-knowledge proof systems, which means that in the near future the network will have its own ZKP layers, similar to those of Polygon and ZKSync.
The POMP app was also launched in Optimism this week. Users can now verify proof of ETH, USDT, USDC, DAI, and OP assets on the mainnet without revealing their wallet information.
The rapid growth of the ecosystem naturally led to an increase in the price of OP. Over the past 14 days, the price of the token has increased by 25% — at the time of writing, the asset is trading at $1.56.
