What Is Optimism (OP)?

Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.

Overview

In this dashboard, I will answer this question from Flipside Crypto:

• Q9. Analyze Optimism during the month of July as markets were get turbulent, showing whatever metrics you care to unearth.
• You can choose any topic you’d like: How did the network perform? What about market performance? Were there significant inflows or outflows on bridges? Were there any notable patterns in user behavior?

Conclusion

• Optimism Network Experienced rate of Successful transaction with nearby 71% and nearby 29% for Failed transaction during July.
• It seems Op price had positive correlation with number of transaction During July.
• During July Users Deposit nearby 18K ETH into Optimism Network and nearby 8.5K ETH withdraw from Optimism Network.
• On 29 July Optimism network experienced most number of daily transactions with nearby 233K.
• During July, Optimism Network had nearby 370K users.