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Anomalies on Optimism

@Santrends
1 min read
21.12.2022
2
USDC
USDT
OP

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.



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Featured in this Insight

Tether [on Avalanche] USDT

$ 1.000224
-0.0221%
in last 7d

Tether [on Arbitrum] USDT

$ 1.000224
-0.0221%
in last 7d

USD Coin [on Arbitrum] USDC

$ 0.999824
-0.0141%
in last 7d

Tether [on Optimism] USDT

$ 1.000224
-0.0221%
in last 7d

Tether [on Polygon] USDT

$ 1.000224
-0.0221%
in last 7d

USD Coin [on BNB] USDC

$ 0.999824
-0.0141%
in last 7d

USD Coin [on Polygon] USDC

$ 0.999824
-0.0141%
in last 7d

Optimism OP

$ 0.684277
21.41%
in last 7d

USD Coin [on Optimism] USDC

$ 0.999824
-0.0141%
in last 7d

USD Coin [on Ethereum] USDC

$ 0.999824
-0.0141%
in last 7d

Tether [on Ethereum] USDT

$ 1.000224
-0.0221%
in last 7d

USD Coin [on Avalanche] USDC

$ 0.999824
-0.0141%
in last 7d

Tether [on BNB] USDT

$ 1.000224
-0.0221%
in last 7d

Tether [on Solana] USDT

$ 1.000224
-0.0221%
in last 7d

USD Coin [on Solana] USDC

$ 0.999824
-0.0141%
in last 7d
2
USDC
USDT
OP

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