Optimism (OP)

OP is a second layer of blockchain built on top of Ethereum. Optimism is safer because it runs on Ethereum's mainnet, and optimistic rollups help the Ethereum ecosystem grow. This means that transactions are recorded on Optimism without any trust, but they are ultimately safe on Ethereum.

With more than $300 million in TVL, Optimism is one of the largest scaling solutions for Ethereum. It is home to 35 protocols. Synthetix (SNX), which is a derivatives exchange, Uniswap (UNI), which is a DEX, and Velodrome (VELO), which is an AMM, are the biggest ones. Users can start using Optimism by adding the chain to their Metamask and connecting bridge tokens like ETH to L2. On May 31, 2022, Optimism gave away its OP token in a much-anticipated airdrop. So many people signed up for the airdrop that it slowed down the Optimism blockchain for a short time.

The Optimism Foundation, a non-profit group whose goal is to grow the Optimism ecosystem, is in charge of optimism. Like Ethereum, Optimism wants to be a completely decentralised public good that doesn't focus on making money. Optimism gets all of its money from donations and grants, and it promises to build infrastructure that helps public goods grow and stay around. Optimism plans to have L1 governed fault proofs ready by 2024, according to its roadmap.

To know more about the Optimism price prediction, install the top cryptocurrency app CoinGabbar today!