How Worldcoin is giving Optimism a run for its money

• There are extra WLD holders in revenue than these of OP.
• OP led as per buying and selling quantity whereas WLD had extra whale focus regardless of not being prime of the pack.

Primarily, OP is the native token of the Optimism community. However that’s not to say that there aren’t any different cryptocurrencies housed by the OP mainnet. The OP mainnet is the principle blockchain of the Optimism community and runs on a software program known as the OP Stack.

Moreover OP, one other token that has cemented its place as a prime asset on the community is Worldcoin [WLD]. This assertion was additionally confirmed by a current infographic put out by blockchain perception platform IntoTheBlock.

OP for the holders, WLD for the positive factors

Based on IntoTheBlock, OP has the very best variety of holders out of all of the tokens working within the Optimism ecosystem. It famous that there have been 978,000 OP holders on the time it put out its publish. 

Following OP carefully was WLD, whose holder rely was 788,000. Different tokens together with Synthetix [SNX] and Velodrome [VELO] had fewer holders when in comparison with the highest two.

Source: IntoTheBlock

A simple interpretation of the difference in holder count is that more holders believe in the long-term potential of OP over WLD.

At the same time, that might not be the case. This is because the Optimism mainnet was launched long before Worldcoin’s official journey in the market. Thus, there is no denying that WLD has a chance to catch up with OP in this regard.

However, there was another aspect where WLD outpaced OP. This was in terms of holders’ profitability.

AMBCrypto’s assessment of the 90-day performance of both tokens showed that OP’s value dropped by 0.96% while WLD gained 10.46% within the same period. This led IntoTheBlock to reveal that:

“Worldcoin takes the lead here, with 59.36% of holders in profit. Velodrome and Optimism holders have profitability of 40.82% and 39.26% respectively, an interesting area where holders may be evaluating the timing for realizing gains or reinvesting.”

Aura around OP hasn’t moved whales

When it comes to the trading volume, Optimism takes the lead. The trading volume refers to the total number of transactions exchanged between buyers and sellers during a specific period.

In the last 30 days, OP’s trading volume was $41.1 million. WLD, on the other hand, had a lesser volume than SNX, with $8.8 million for the former.

Source: IntoTheBlock

Therefore, it is not out of place to conclude that there was more investor enthusiasm around OP than WLD.

If this continues to be the situation, then OP may experience more buying pressure that could lead to higher prices. But that is not to say that WLD’s price action would stall.

Additionally, neither Optimism nor Worldcoin were the leaders of the pack regarding whale holdings.

Realistic or not, here’s WLD’s market cap in OP terms

Instead, Extras Finance [EXTRA] had the very best whale focus with 96.96%. VELO was in second place whereas WLD outclassed OP with 88.49% to 68.58% respectively.

Supply: IntoTheBlock

The whale focus knowledge means there was a greater distribution amongst OP holders than WLD. Nonetheless, merchants could take it that enormous buyers’ concentrate on WLD means it could have a superior value efficiency than OP.