Pro
Optimism: A Glass Half Full
Key Insights
- Optimism, a pioneer in Ethereum scaling solutions, recently lost ground to others like Arbitrum in total value locked (TVL) and transaction costs.
- Optimism is set to release its next big upgrade, Bedrock, which aims to improve transaction fees, speed, and create a solid foundation for even greater future improvements such as decentralized sequencing.
- Optimism's daily profits have surged recently, averaging $33,000 for the last week, up 130% from the previous month. Profitability will likely continue improving with lower costs and additional revenue.
Optimism by OP Labs has been a pioneer in the space of Ethereum scaling solutions and specifically optimistic rollups. Launched in January 2021, it was the first optimistic rollup on the Ethereum Mainnet. Optimism’s codebase also forms the base of other Layer-2 solutions like Metis Andromeda and Boba Network. But intense competition and innovation have caused it to recently lose ground to other solutions.
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Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.
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