Optimism released its 2024 Q1 report, in which DAU addresses reached 89,000 (up 23% month-on-month) and daily transactions increased to 470,000 (up 39% month-on-month). These metrics are all slightly below the all-time highs of Q3 2023.
The OP mainnet's stablecoin market cap reached $809 million (up 32% QoQ). Over the past six months, USDT's market cap on the OP mainnet has skyrocketed to $512 million (up 64% QoQ), accounting for 63% of the total market cap.
The implementation of EIP-4844 reduced L1 commit costs by 99%, reducing average daily costs from $420,000 in the previous weeks to $830. On-chain profit for the OP mainnet in Q1 2024 was $2 million (up 14% sequentially).
Optimism 2024 Q1 Report: Implementation of EIP-4844 Reduces L1 Submission Costs by 99%
2024-05-17 01:59:30
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