Uphold's Up of the Day - February 3, 2023

Welcome to Uphold’s Up of the Day. Please note, this is NOT financial advice. 🤔 Are Layer 2’s being overlooked? After earnings from major firms like Apple and Amazon, futures and crypto took a nosedive. Over the last few days, Optimism (OP) was a particularly strong performer and doubled in just two days. Optimism is a so-called layer2 chain on Ethereum that developers mostly use. The TVL - total value locked - has been growing at an astounding rate since early January. After earnings from major firms like Apple and Amazon, futures and crypto took a nosedive. Other development-related assets on various blockchains are also performing well, which could signify increased development activity and a bit of “optimism” in the market. See you tomorrow 👋 #bitcoinnews #bitcoinnewsdaily #cryptonews #cryptonewsdaily #crypto #uphold #blockchain #altcoinnews #altcoininvesting #upoftheday #bitcoin #op #layer2