The recent week saw a significant increase in the prices of Layer 2(L2) tokens. Notably, leading L2 tokens like Optimism (OP), Arbitrum (ARB), and Polygon (MATIC) experienced price hikes of 35%, 17%, and 14% respectively. Starknet's native token, STRK, also saw a 16% growth, trading at $0.55. The rise in STRK's demand boosted its daily transaction volume to $38.31 million on July 11, a 15% increase from the previous day. The surge in price began on July 5, rising by over 19% since hitting an all-time low. The uptrend in daily transaction volume indicates increased market activity and investor interest. Additionally, the rise in futures open interest by 10% signals bullish market sentiment. However, caution is advised as indicators suggest a potential weakening of the current uptrend, with a risk of price dropping to $0.51 if recent gains are not sustained. Read more AI-generated news on: https://app.chaingpt.org/news