OP Skyrockets 95 in 2 Days as TVL in Optimism Soars Above 500 Million

Ethereum layer-two scaling solution Optimism (OP) has soared by as much as 95% in the past two days as the total value locked in various DeFi protocols on the network also skyrockets. This comes on the back of soaring prices across the board, including Bitcoin’s push towards $24,000. In the last week, however, BTC’s dominance – the metric used to gauge its share relative to that of the entire market – has decreased, which signals that altcoins are performing better relative to Bitcoin.