Anomalies on Optimism
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:
![](https://production-sanbase-images.s3.amazonaws.com/uploads/242dc675b4de34d792f5cc7f29627fa67168b3e2284077163916237facf058e8_1671661438252_Optimism%20%28OP%29%20%5B23.23.48%2C%2021%20Dec%2C%202022%5D.png)
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:
![](https://production-sanbase-images.s3.amazonaws.com/uploads/8d4a7d246dcf2d2dceeab4fc3108072f0da81a60f9331b4e66b827532a59eb2f_1671661723383_Optimism%20%28OP%29%20%5B23.28.34%2C%2021%20Dec%2C%202022%5D.png)
Velocity was super high around that days.
Active addresses?
![](https://production-sanbase-images.s3.amazonaws.com/uploads/c470cfddfb4e10167d3877217c95c41e7a9bddaf344e5416a3f0101d2d8d6391_1671661812532_Optimism%20%28OP%29%20%5B23.30.02%2C%2021%20Dec%2C%202022%5D.png)
No anomalies in active addresses, only a healthy trend.
Additionally, we can see a similar anomaly on OP token itself:
![](https://production-sanbase-images.s3.amazonaws.com/uploads/efb76215a7834286786155db3d7881ef91cad755ea50cf62c015104881d753df_1671662127327_Optimism%20%28OP%29%20%5B23.35.10%2C%2021%20Dec%2C%202022%5D.png)
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
Thanks for reading!
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