Optimism's OP drops 12% as TVL and DEX volume keep falling
- —OP fell 12% as $91.76 billion exited the crypto market in a day
- —Optimism TVL dropped by $14.33 million and has declined since October 5
- —DEX volume on the OP mainnet fell from $495 million to about $21 million
- —The Accumulation/Distribution indicator dropped to -12.8 million in weighted volume
Why it matters: If the demand zone fails to hold, OP could extend losses as on-chain activity remains weak.
Source: AMBCrypto