Optimism (OP) outperforms and surpasses Arbitrum (ARB)

In a recent development in the dynamic cryptocurrency universe, the Optimism (OP) token outperformed and managed to surpass Arbitrum (ARB) in the overall ranking by market capitalization, as noted in a survey shared by the analysis platform on May 10 .

According to the survey, Optimism’s OP token has shown superior performance, with an increase of 48% compared to the lows recorded on April 13. Thanks to this increase, the OP cryptocurrency managed to once again surpass Arbitrum in market capitalization.

Currently, OP is in 46th place in the ranking, with a market capitalization of US$ 2,660,544,917, challenging the current position, ARB, which comes next, has a market capitalization of US$ 2,657,164,683 .

Optimism’s $OP token has been outperforming with a 48% increase from its lows on April 13.

Thanks to this increase, it has once again surpassed $ARB in market cap pic.twitter.com/VZvohv2tTs

— IntoTheBlock (@intotheblock) May 10, 2024

At the time of publication, the price of Optimism (OP) was quoted at US$2.54, up 1.8% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$189,390,705.

Optimism (OP) surpasses Cardano and Ethereum and leads the ranking of development activities

In a rather surprising recent development in the cryptocurrency landscape, the Cardano (ADA) blockchain, which led data on development activity in the cryptocurrency market in a few months, was recently overtaken by Optimism (OP).

A survey released by the Santiment platform on April 23 revealed the 10 best cryptocurrency projects by GitHub development activity in the last 30 days. Active assets with greater development tend to outperform within the crypto market.

The podium for a long time was with the projects Cardano (ADA), Kusama (KSM) and Polkadot (DOT) which alternated in the lead, but did not leave the top 3 best crypto projects by monthly development activity until last month when Chainlink ( LINK) achieved the feat of leading the data.

The achievement of Optimism (OP) is great considering that it registered greater activity than market giants such as Cardano (ADA), Ethereum (ETH), Hedera (HBAR).

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