Understandably this network has a competitor (Arbitrum) however arbitrum doesn't have a coin, Both networks (Arbitrum and Optimism) are built to scale ethereum (solve high fees problems etc).
Optimism currently trading at $1.84 by the time of writing (feels a bit oversold).
Looking at
https://coinmarketcap.com/rankings/exchanges/dex/ (Dex 24 hours trading volume) Arbitrum has second largest trading volume while Optimism is fifth.
So i was wondering if OP is nothing but a hyped up coin or is it good enough for the long term (3-4 years) ?
Haven't made much research either, please correct me if im wrong.
This optimism hype is due to multiple airdrops given by the optimism ecosystem. So most users are trying to participate in Optimism ecosystems projects. Then OP market value will increase. In the case of Arbitrum, they do not have their own token or airdrops yet. I am not recommended holding OP for 2-3 years.