#Optimism's bedrock migration reduced gas costs by an impressive ~56%

#Optimism bridge TVL exceeds 700,000 #ETH.

According to the latest data from Dune, the #Ethereum Layer 2 solution Optimism has bridged a TVL of over 700,059 ETH and has surpassed 341,000 total user addresses.

The price of #OPTIMISM is still above the support of $2.920 - $2.820 . It seems that the price reduction will continue and the price will decrease to $2.270 .

After the Ethereum Dencun upgrade this week, EIP-4844 will reduce L2 gas fees.

According to IntoTheBlock statistics, for a DEX swap, the gas fee for #Aribitrum will be reduced from $2.02 to $0.4, #Optimism will be reduced from $1.42 to $0.28, #Base will be reduced from $0.58 to $0.01.

Altcoin prices can benefit indirectly

When #Bitcoin price surges, it creates a lift-up effect for the entire crypto market. Similarly, this occurs in the altcoin market when #Ether surges.

The SEC halting its investigation may be relevant to other altcoins the agency has accused of being securities.

The SEC has opened cases against crypto exchanges Binance and Coinbase for a variety of securities law violations. The SEC has named several altcoins as securities, including  #SOL , #ADA , #MATIC

projects such as Aave or Chainlink from the decentralized finance (DeFi) sector or layer-2 chains such as #Arbitrum,#Optimism could benefit from the SEC’s retreat.