Despite experiencing over 20% weekly losses, #Optimism (OP) token, the native token of the Ethereum-based layer-2 Optimistic Rollup network, has demonstrated resilience amid market challenges. Analysis by Intotheblock reveals that over 80% of OP token holders have remained profitable, showcasing the strength of long-term investors in navigating market volatility and indicating confidence for future growth.

Optimism has seen significant growth, particularly following its Bedrock hard fork in June of the previous year. The upgrade aimed to enhance the network's security and interoperability while reducing deposit times and fees. The network experienced increased transactions and volume post-fork.

Recent data shows a surge in large transactions on Optimism, reaching 421 on January 12th, a level not seen in almost a year. The total number of addresses holding a balance has exceeded a million for the first time, and consistent creation of new addresses has remained above 1.34k over the past three months. These positive indicators, along with increased development activity, contribute to a bullish outlook for Optimism.

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