While OP's price consolidated roughly
↘12%
over the past week, the network's
transaction activity tripled since early 2024 and
Aave V4 just launched on the platform.
Network growth outpacing price action
The network's transaction count tripled since early 2024 and major applications like Aave V4
are choosing to build here, even as the broader Layer 2 category dropped roughly
↘16%
over the past week.
Trading activity cooling down
Trading volume declined roughly
↘27%
over the past week while the market saw about 1.6 times more sellers than buyers over the past 24 hours, with price trading near its daily low.
Holding up better than peers
OP's price moved down roughly
↘12%
over the past week compared to the Layer 2 category's
↘16%
decline, showing relative steadiness during the broader pullback.
Investor positioning remains light
Trading contracts show modest interest with rates at approximately 0.0024% (around 2.7% yearly), reflecting subdued positioning over the current period.