Optimism’s Cross-Chain Bridging Storage Reaches $800 Million
It is reported that according to the latest data of Dune Analytics, the total value of Optimism cross-chain bridging storage, the second-tier expansion solutio…
It is reported that according to the latest data of Dune Analytics, the total value of Optimism cross-chain bridging storage, the second-tier expansion solution of Ethereum, has exceeded 500000 ETHs, reaching 500328 so far, which is about US $800 million at the current price. The number of users participating in bridging transactions has just exceeded 300000, currently 306294.
Optimism bridged storage TVL exceeded 500000 ETHs
Interpretation of the news:
The latest data from Dune Analytics shows that the cross-chain bridging storage of Optimism, the second-tier expansion solution of Ethereum, has now surpassed 500,000 ETHs, reaching 500,328. This translates to around $800 million at the current price, indicating the tremendous growth achieved by Optimism in a short period. Furthermore, the number of users participating in bridging transactions has now exceeded 300,000, with 306,294 so far. This is a clear indication of the growing adoption of cross-chain bridging on the Ethereum network.
The rise of Optimism’s cross-chain bridging storage coincides with the increasing demand for scalability solutions for Ethereum. While Ethereum has become the go-to blockchain platform for decentralized applications (dApps), its limitations in handling high transaction volumes has led to network congestion, slow confirmation times, and high transaction fees. To mitigate these challenges, Ethereum has been exploring layer-2 scaling solutions, decentralized finance (DeFi) protocols using Optimism’s cross-chain bridging storage to allocate liquidity across different chains.
The impressive growth of the Optimism platform is a testament to its scalability and interoperability. With the increasing adoption of cross-chain bridging, the platform is poised for even greater growth in the coming months. It presents a massive opportunity for developers, investors, and users to leverage the platform’s efficient and secure storage solutions for their cross-chain transactions.
In conclusion, the latest data from Dune Analytics indicates that Optimism’s cross-chain bridging storage has surpassed 500,000 ETHs, worth around $800 million at the current price. The platform has also gained over 300,000 users, a demonstration of the increasing popularity of cross-chain bridging on the Ethereum network. Optimism’s continued growth is a clear indication that it has a promising future, with developers and investors keen to leverage on its scalability and interoperability to build and invest in decentralized applications.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/3387/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The number of new Ethereum addresses hit a new high in three months
According to reports, data shows that the number of new Ethereum addresses has reached 3274 in the past hour (7d MA), a new high in three months.
The number of new Ethereum address -
Increase in Bitcoin Deposits on Exchanges After Strong Price Rise
According to reports, according to analysis data from blockchain analysis company Glassnode, investors have increased the amount of Bitcoin deposited on exchanges in response to th
-
2400 Dormant Bitcoins Transferred on the Chain after 5-7 Years
According to reports, CryptoQuant analyst Maartun reported that 2400 Bitcoins that have been dormant for five to seven years were transferred on the chain this morning.
Data: 2400 -
Manifold Finance will launch a liquid collateral platform and has acquired the set of validators from Cream Finance
On April 4th, it was announced that Manifold Finance will launch a liquid collateral platform in the coming months, which will design mevETH as a liquid collateral derivative that
-
What is the Bitcoin bzz website
What is Bitcoin B website? According to the introduction on the official website, this website is a very interesting website. It claims to be the “fastest, safest, and most valuable Bitcoin platform in the world”. But after purchasing these Bitcoins, there was no return or gain; Users who have not even received a Bitcoin wallet cannot access their account. Therefore, this is not a noteworthy website In fact, this domain name is also known as “Bitcoin”, but its owner seems to be interested in Bitcoin. Although the company stated that it is not interested in Bitcoin and has received support from some customers, they also believe that this is a good idea Bitcoin bzzBitcoin bzz is a transaction protocol based on the Ethereum blockchain, which is supported by bitinfocharts.com. BitcoinBZZ is an application used for peer-to-peer payment and value exchange of digital currencies. By using an encrypted wallet, BTC, ETH, and other mainstream currencies can be sent. It is a…
-
What is DMK Coin (What is DMG Coin?)
What is DMK Coin Accordingto official news, what is DMK coin? DLK is ablockchain
-
Uniswap Team Member Transfers $6.09 Million Worth of UNI to Coinbase
It is reported that, according to Twitter user Bit ember monitoring, 8 hours ago, a Uniswap team member/investor/consultant address transferred 1 million UNI (about US $6.09 million) to Coinbase. An address transferred 1 million UNI to Coinbase this morning, about US $6.09 million Analysis based on this information:According to Twitter user Bit ember monitoring, it was reported eight hours ago that a member of the Uniswap team had transferred one million UNI tokens – worth approximately $6.09 million – to cryptocurrency exchange Coinbase. This news has caught the attention of the crypto community, prompting speculation as to why the transfer was made and what it could mean for the Uniswap platform. Uniswap is a decentralized finance (DeFi) platform that allows users to trade tokens, without the need for intermediaries. The platform operates on Ethereum, and its native token is UNI. As of September 2021, Uniswap was the fourth-largest DeFi platform by total value locked, with over $7 billion in assets….
-
Deri Protocol Empowers Cross-chain Transfer with cBridge Launch by Celer
On February 20, the decentralized derivative agreement Deri Protocol tweeted that the cross-chain bridge cBridge launched by Celer has supported DERI. Users ca…
-
SushiSwap Integrates With Transak: Enabling Access to Over 130 Cryptocurrencies
On April 19th, it was reported that SushiSwap integrated Transak\’s cryptocurrency purchase portal, allowing users to purchase over 130 cryptocurrencies directly on SushiSwap throug
-
The Vision, Workflow, and Investment Themes of DWF Labs: An Overview
On April 12th, in response to a series of questions raised by Twitter user Nay, Andrew Grachev, managing partner of DWF Labs, posted an article on LinkedIn explaining his vision, w
-
Revitalizing FTX Exchange: A Plan to Create Value for Creditors
According to reports, Tribe Capital reported that in January 2023, its co founder Arjun Seti met with FTX\’s unsecured creditor committee to discuss a proposal to revitalize the exc
-
Australian Prudential Supervision Authority Requests Banks to Improve Reporting on Encrypted Assets
According to reports, according to three sources, the Australian Prudential Supervision Authority has requested banks to improve their reports on encrypted assets and provide the i
-
US Stock Indices Open Low: Dow Down 0.22%, Nasdaq Down 0.20%, and S&P 500 Index Down 0.17%
According to reports, the three major US stock indices collectively opened low, with the Dow down 0.22%, the Nasdaq down 0.20%, and the S&P 500 index down 0.17%.
Three major US sto -
The IRS is considering taxing NFT
According to reports, a document released on Tuesday shows that the Internal Revenue Service is considering whether to impose the same tax on NFT as other collectibles such as stam
-
Animoca Brands Earns 5.5 Million US Dollars from Mocaverse NFT Coins
According to the report, the data shows that Animoca Brands has earned a total of 5.5 million US dollars from the mocaverse NFT coins. Today, the NFT series of…
-
Why Bitcoin depreciates (why Bitcoin depreciates)
Why did Bitcoin depreciate? In the 2008 financial crisis, the value of Bitcoin was never overestimated as it is now. However, with the development of the cryptocurrency market and the continuous strengthening of central bank regulation in this field, the price of Bitcoin has also begun to decline significantly Why did such a huge loss occur? It causes investors to lose a portion of their investment portfolio assets, resulting in depreciation and inflation. All this happened after the crash of China’s stock market. The China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) issued the Notice on Preventing the Financing Risks of Token Issuance (hereinafter referred to as the Notice), reminding everyone to be alert to speculation. According to official announcements, the term “virtual currency” was jointly announced by seven ministries including the National Development and Reform Commission and the People’s Bank of China. Meanwhile, China has explicitly prohibited the use of blockchain technology for illegal fundraising activities. “ICO”,…