Layer-two (L2) scaling resolution, Optimism [OP] is the most recent addition in OpenSea’s collection of blockchain integration. In response to the NFT market, it had been working with the Optimism staff and a number of other tasks on its official market for a while.
1/ We’re excited to share that @optimismFND🔴 is formally reside on OpenSea!
We will’t wait to welcome and assist the neighborhood of Optimists 🎉https://t.co/L42YjGSlHn
— OpenSea (@opensea) September 27, 2022
Optimism comes because the sixth blockchain added on {the marketplace} after its current Arbitrum assist. Apparently, it might appear that it was glorious timing for the addition. This assertion is as a result of virtually all of the OP collections recorded large will increase in gross sales quantity within the final 24 hour.
Primarily based on the information from OpenSea, Early Optimists had 438 gross sales, main as much as 6 ETH. Optimists Quest made a 21% improve in buying and selling quantity to hit 5 ETH as many different registered buying and selling quantity greens. With this increment, just a few buyers could imagine the conversations round an L2 season might be properly correct.
Nevertheless, this information was the collections’ efficiency throughout all NFT marketplaces the place OP was existent. Prior to now, most of Optimism’s NFT trades occurred on the Quixotic platform. In response to Dune Analytics, Quixotic, the most well-liked OP market, recorded extra in gross sales quantity than OpenSea. This will not be stunning contemplating that the OpenSea assist simply occurred.
Not an all-clear sign in all places
Away from the “optimistic reactions”, the OP value didn’t appear to be in synchronization. In response to CoinMarketCap, OP was down 9.51% to $0.87 from the earlier 24-hour worth.
On the volume side, OP had additionally misplaced some price inside the identical time-frame. In response to Messari, Optimism’s 24-hour buying and selling quantity was $22.63 million regardless of being as excessive as $261 million on 29 July.
Transferring on to its lively addresses, Optimism had recorded a big improve up till 24 September. Nevertheless, Santiment revealed that the OpenSea integration didn’t look like a strong rock to face behind one other improve.
Primarily based on the on-chain information, OP’s lively addresses had decreased to 7,180 at press time. A transparent analysis of its community development didn’t additionally cross for an awe-inspiring look. Santiment confirmed that the excessive on the aforementioned information had additionally declined to 1,114.
Lastly, feedback from the OP neighborhood appeared like they’d been ready for the replace. In response to the replies from the OpenSea announcement, a large variety of the crypto neighborhood believed that including L2 chains to NFTs was the appropriate step to take. Having stated that, expectations could be that extra OP NFT merchants start to make use of the OpenSea market for transactions.