Optimism 2024 Q1 Report: The implementation of EIP-4844 has reduced the submission cost of L1 by 99%
Optimism released its Q1 2024 report, in which the daily active addresses reached 89,000 (a quarter-on-quarter increase of 23%), and the daily transaction volume increased to 470,000 (a quarter-on-quarter increase of 39%). These indicators are slightly lower than the historical peak in the third quarter of 2023. The stablecoin market value on OP's mainnet reached $809 million (a quarter-on-quarter increase of 32%). Over the past six months, USDT's market value on OP's mainnet has surged significantly to $512 million (an increase of 64% from last quarter), accounting for 63% of total market value. The implementation of EIP-4844 reduced L1 submission costs by 99%, reducing average daily costs from $420,000 a few weeks ago to $830. In Q1 of 2024, OP's mainnet had an on-chain profit of $2 million (a quarterly growth rate is14%).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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