

OP Crypto’s latest fund follows on the success of its venture capital fund which is backed by the likes of Galaxy Digital and Digital Currency Group.Despite current market woes, OP Crypto is launching a fund of funds designed to back budding fund managers of early-stage crypto startups.
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The number of active developers in the ecosystem has risen by over 40% in the past 30 days while code commits have dropped by 3%. In the past 30 days, the TVL in this ecosystem has jumped by 25%. They all have a total market cap of over $963 million. Data compiled by DeFi Llama shows that the network has been used to build 107 DeFi applications. Optimism’s OP price has retreated in the past few days amid rising concerns about competition. Other large players in the industry are Arbitrum, Immutable X, and Loopring among others. Optimism is another popular layer-2 network that helps people to save costs and boost their productivity when interacting with dApps. It has a combined market cap of over $7 billion. Today, MATIC, its token, is the biggest layer-2 networks in terms of market cap. Polygon was one of the earlier layer-2 networks. At the same time, improve the speed of transactions and lower costs. They do this by maintaining the security and reliability of existing platforms like Ethereum. Layer-2 networks seek to improve the most pressing challenges that exist in the blockchain industry. One of the fastest areas in the industry is layer-2, which is a sub-sector that seeks to address the most pressing challenges in traditional sectors. The blockchain industry is evolving at a significantly faster pace. It has declined by more than 27% from its highest level this year.

OP has dropped in the past three straight days to $2.3990, which was lower than the weekend high of $2.58. Optimism crypto price pulled back amid rising competition in the layer-2 industry.
