Sep 6
Mar 23
Mar 21
Mar 1
Feb 24
Dec 21
Optimism, one of new blockchains with increasing TVL and onchain activity, has shown quite some weird action recently, namely extremely high transaction volume of stablecoins on it:

Average USDT or USDC transaction volume on Optimism is less then $10M. The anomaly above skyrocketed both to above $1B.
Liquidity mining? Washtrading?
We can check token velocity:

Velocity was super high around that days.
Active addresses?

No anomalies in active addresses, only a healthy trend.
Additionally, we can see a similar anomaly on OP token itself:

It also coincided with a top of OP price against BTC and maximal bullishness in crowd.
There is probably some connection, we just don't know which one. Do you?
Keep an eye on Optimism, there a lot of things going on.
Bonus details:
- This address was executing huge amount of transfers: https://optimistic.etherscan.io/address/0xb1f190bf99fea986e2d4d99abb5be1a649d5247d
- An example of transaction: https://optimistic.etherscan.io/tx/0x7655c475d270e12aaf4aec9f4df027693d011ab2807a0925e2ddea2f1c62d52a
- Charts used: https://app.santiment.net/s/2ItCEZTF
Oct 4
Optimism onchain activity seems to continue building a stronger and stronger divergence with price. Active addresses:

Network growth:

Something might be brewing with Optimism.
Especially taking into account a strong increase of stablecoin onchain activity on Optimism blockchain:
