In the past year, the top ten ecosystems in cryptocurrency have all increased their development rates, signaling a promising future for the sector.
The notable rise in GitHub events across these ecosystems reflects strong ongoing innovation:
1. Optimism: +45.6% Increase
2. Avalanche: +20.3% Increase
3. Arbitrum: +16.6% Increase
4. Solana: +14.1% Increase
5. Harmony: +10.1% Increase
6. Cosmos: +8.8% Increase
7. BNB Chain: +5.1% Increase
8. Polkadot: +1.5% Increase
9. Ethereum: +1.4% Increase
10. Polygon: +0.6% Increase
🧑💻 Over the past year, all 10 of the top ecosystems in crypto have INCREASED their rate of development. The rising amount of notable github events from each of these ecosystems is an objectively strong sign for the future of cryptocurrency:
1) Optimism: +45.6% Increase
2)… pic.twitter.com/mjKP4ewmzd— Santiment (@santimentfeed) October 24, 2024
Optimism has transitioned from being closely matched with Arbitrum to occupying the third position in total value locked (TVL). However, it remains a contender, showing steady growth since August. September recorded its highest daily transactions in a year, reaching 21.5 million, and active addresses rose from a low of 62,90b in August to 76.
⇨ Optimism
While Optimism was once neck-and-neck with Arbitrum, it’s now in third place by TVL. But don’t count it out yet.Metrics show that it has been steadily growing since August.
➢ September recorded the highest number of daily transactions (21.5M) for the last year.➢…
— LUNA🌖 👾 (@LunaIfe2) October 24, 2024
Despite a decline in DEX trading volume since May 2024, recent developments have renewed optimism. A key advancement is Optimism’s partnership with Succinct, which enables any OP chain to transition into a zk-rollup within hours, addressing the technical shortcomings of Optimistic rollups.
Additionally, the recent announcement of OP Airdrop #5 allocated over 10 million OP tokens to more than 54,000 unique addresses, with 550 million OP reserved for future airdrops. This strategy aims to attract genuine users to the Superchain, contrasting with Arbitrum DAO, which has faced issues with fund misallocation.
Governance of Optimism will oversee the Superchain, which will generate significant revenue for its participating chains. Even Base, a leading layer-2 solution, contributes a share of its revenue to the Superchain, benefiting $OP holders.
As these ecosystems evolve, keeping an eye on the leading layer-2 platforms will be essential for investors and enthusiasts alike.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.