Uniswap's incentives on Optimism yielded mixed results, driving short-term liquidity but long-term impact faded. Optimism protocol saw increased activity, while DeFi sector faced obstacles

How Uniswap has contributed to Optimism’s growth

The current state of optimism?

At press time, OP was trading at $1.367, having appreciated over the last few days. The MVRV ratio for OP was negative, suggesting less selling pressure. However, the decreasing long/short difference for OP raised concerns, as it meant that new addresses outnumbered the old ones.

This situation could potentially impact OP negatively, particularly if these new addresses decided to sell their holdings once they turned profitable.

#optimism