DEX Volume on OP Network Rises Above $200M Over the Last 24 Hours
- Coinbase’s announcement that it is building its Layer-2 on OP has caused a surge in DEX trading volume.
- A tweet made today shows that the DEX volume on the OP Network has risen above $200 million.
- The altcoin’s price has experienced a 1.37% drop over the last 24 hours.
Coinbase recently announced that it will build its Layer-2 on top of the Optimism (OP) Network. The Twitter user, Patrick | Dynamo DeFi (@Dynamo_Patrick), tweeted this morning that OP’s trading volume surged following the announcement.
In the tweet, the Twitter user added that decentralized exchanges (DEXs) on the Optimism Network processed more than $200 million in swaps over the last 24 hours.
As can be seen from the screen shot of DeFi Llama shared in the tweet, the 24-hour volume on OP DEXs reached $203.89 million. This is a 31.44% increase in OP DEX volume over the last 7 days. This ranks it underneath Binance Smart Chain (BSC) and above the Polygon network.
In related news, the price of OP experienced a 1.37% drop in price over the last 24 hours according to the crypto market tracking website, CoinMarketCap. The altcoin…
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