Arbitrum

GambleFi

DeFi

Hope

Optimism

Many crypto projects are experiencing a decline courtesy of the recent market volatility because of the US elections. Of these Layer 2 Blockchains like Optimism (<a href="https://yellow.com/asset/op">OP</a>) and Arbitrum (<a href="https://yellow.com/asset/arb">ARB</a>) have <a href="https://www.crypto-news-flash.com/arbitrum-and-optimism-slide-as-rollblock-ico-becomes-the-new-investor-favorite/">suffered the most </a>due to the bearish pressure eating out the positive impact of DeFi metrics and on-chain activity. 
While Optimism declined 15% on a month-on-month basis Arbitrum experienced bearish downturns. However, GambleFi Layer 2 Blockchain Rollblock (<a href="https://yellow.com/news/rollblock-early-investors-expect-810-presale-gains-as-it-repeatedly-hits-aths">RBLK</a>) gained during this volatility by attaching investors through its unique revenue-sharing program. Rollblock’s ICO growth led to 300% spoke in its token. The project raising $5 million has also threatened the dominance of Optimism and Arbitrum. 
The project's novel hybrid GambleFi concept has made Rollblock the fastest-rising crypto as it lured investors with the idea of passive income, resulting in the presale success of the token. Crypto holders have been attracted by the 30% weekly revenue-sharing ideas along with future staking opportunities. This resulted in the 250% gain in Rollblock's ICO which along with the $5 million raised in the token's presale has made it a formidable choice for traders. 
On the other hand, Arbitrum’s price is still low despite its on-chain growth Arbitrum's TVL reached the highest $2.3 billion in January and since then it has been going downwards. 
On a month-on-month basis, Arbitrum's price declined by 13% as it went down from the high of $0.61. The digital asset's open interest gained 10% over the last 3 days to reach $135 million which indicates that crypto traders are still interested in Arbitrum. 
Optimism is facing a similar bearish fate as seen in its recent 15% 30-day decline in the $1.6 monthly open price. This drop has left analysts speculating about the future of OP token which is now approaching the $1.07 support level. This can result in a further 21% decline from its present price. 
However, the 58% surge in Optimism Whale activity is giving new hope to investors. Due to this large transactions on the blockchain are now at $766 million. There is a chance of a spark of bullish sentiment for Optimism over Kraken’s announcement of building the OP Stack framework. This includes a 25 million grant for OP tokens. 
At the time of writing this article, OP was up by over 10% in the last 24 hours to trade at $1.57 while ARB gained 8.68% to trade at $0.533.

Optimism Shows Hope of Recovery As Arbitrum Slides and Rollblock Gains

Yellow News

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