[Optimism brings in nearly $45 million in revenue and expects double-digit growth]
Optimism (OP), as an scaling solution for Ethereum, has generated 14,300 Ethereum coins worth approximately $45 million, with these revenues coming from transaction ordering fees.
The total value of assets locked on Optimism topped $720.5 million, according to DeFiLlama. Optimism was up nearly 2% on Tuesday morning and was trading at $1.638 at the time of writing. Optimism Collective’s Ryan Wyatt noted that the chain has generated 14,300 Ether in revenue from transactions.
There are currently 26 Optimism Stack chains sharing its revenue, with over $720 million in cryptocurrency locked on the Layer 2 chain, showing traders’ trust in the chain and its transparency.
OP could rise to the $2 target, representing a 22.6% increase. Optimism faces multi-month resistance at $1.815 and $1.822, and may find support at the fair value gap (FVG) at $1.532 to $1.581.
The Moving Average Convergence Divergence (MACD) indicator shows that OP may retrace towards support and gather liquidity before moving higher. If a pullback occurs, OP could find support at the July 5 low of $1.222.
