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Arbitrum and Optimism Reach New All-Time Highs

A New High for Arbitrum (ARB) and Optimism (OP):

The tokens Arbitrum (ARB) and Optimism (OP) are experiencing significant price increases.

ARB has reached a historical peak of $1.83, marking a 60% increase in a month.

OP cryptocurrency has reached a peak of $4.18 and manages to maintain this level.

New ATH for ARB and OP

The two main Ethereum layer 2 solutions, namely Arbitrum and Optimism, have recently experienced remarkable price increases for their tokens.

The Arbitrum (ARB) token has recorded an increase of about 15% today, reaching an all-time high (ATH) of $1.83, which represents a 60% increase over the month. It is currently trading at around $1.74 and has a market capitalization of $2.2 billion.

As for the OP token of the Optimism protocol, it has also experienced quite an impressive increase, reaching $4.18, marking a new all-time high (ATH) as well.

Currently, it is trading around $3.70, with a market capitalization that now stands at approximately $3.4 billion, positioning it in the 27th place in the overall CoinMarketCap ranking.

Growing Adoption for These Layer 2 Solutions

These tokens play a key role in the governance of their respective networks, which actually utilize the technology called Optimistic Rollup.

Specifically, this technology allows for off-chain transactions (outside of Ethereum), providing a more cost-effective method for networks using it.

We can also highlight the significant growth for these layer 2 solutions. In fact, the Arbitrum and Optimism networks have recorded a notable increase in their activity. Specifically, the daily number of transactions on the Arbitrum network has increased from 670,000 to 926,000. At the same time, the main Optimism network has experienced a 20% increase in its daily transactions.

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