About Optimism And Immutable
Optimism is a layer-two blockchain solution built on the Ethereum network. It improves the scalability of Ethereum by using optimistic rollups to record transactions on Optimism and secure them on the Ethereum mainnet. It has a Total Value Locked (TVL) of over $500 million.
On the other hand, Immutable is the first layer-two solution for scaling NFTs on Ethereum. It aims to address issues like slow speed, poor user experience, lack of money flow, and slow development. Users can enjoy fast trading, more growth potential, and no fees for making or trading NFTs, all while ensuring the safety of users and assets.
Optimism And Immutable Price Rally
The price of Optimism has increased by 8.21% and is currently trading at $3.19 with a market cap of $2.9 billion. The new 1-month high was reached at $3.52. The 24-hour trading volume has surged by 61.50% to $1.01 billion, and the value of Optimism has grown by over 75% in the past month with a 7-day return of 48%.
Similarly, Immutable has seen an 11.12% price increase, reaching $2.50. It recorded a high of $2.56 in the last 24 hours. The market cap for Immutable is $3.2 billion, indicating an increase of 11.13%, and the 24-hour trade volume has spiked by 57.73% to $204.50 million. In the past month, Immutable has gained a massive 76%, with a 7-day return of over 13%.
Hot Take: Optimism And Immutable Lead Crypto Market with Impressive Gains
The crypto market has been experiencing a bearish trading session, but Optimism and Immutable have stood out with their remarkable price hikes. Both cryptos have emerged as top performers, each locking in a 1-month gain of over 75%. Optimism’s layer-two solution for Ethereum scalability and Immutable’s layer-two solution for scaling NFTs have attracted significant attention and investment, leading to their impressive market performance. As the crypto market continues to evolve, it will be interesting to see how Optimism and Immutable maintain their momentum and contribute to the growth of the overall ecosystem.
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