Insights Pulse Insights

Dec 21

Anomalies on Optimism 21-12-22, 22:43

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:

Source: Sanbase

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:

Source: Sanbase

Velocity was super high around that days.

Active addresses?

Source: Sanbase

No anomalies in active addresses, only a healthy trend.

Additionally, we can see a similar anomaly on OP token itself:

Source: Sanbase

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:

Dec 15

Nov 16

Oct 28

Aug 9

Jul 29

Jul 28

Jun 1

May 19

Mar 30