Optimism's Total Value Locked (TVL) has experienced significant growth, surpassing the $900 million milestone and approaching the $1 billion mark. However, the volumes of decentralized exchange (DEX) on Optimism have been declining, indicating the need for improvement in the DeFi sector.

The interest in Worldcoin and Coinbase's newly developed chain called BASE, which is built on top of the OP Stack, have contributed to the growing activity and adoption of Optimism. The increased activity on the protocol has also benefited Velodrome Finance, which experienced a remarkable increase in market capitalization and fees generated on the platform.