The Value of Optimism

Key Insights

• The Optimism airdrop and ecosystem incentive program will kickstart a new era for Ethereum scaling solutions.
• Perpetual Protocol, Uniswap, and Synthetix are the largest applications on Optimism and dominate transaction activity and TVL.
• The network generates revenue through its sequencer. OP tokenholders share governance rights with the Citizens’ House but maintain enough control over the network to accrue value.
• Per our valuation model, Optimism should be a top 20 crypto asset at launch with a market cap of $~9 billion.

The Optimism airdrop has been announced, begun the Layer-2 war has.

Last week, the Optimism token was announced with a retroactive airdrop for active users and community members. The project holds significant interest from the community as it promises to bring much-needed scalability to the Ethereum ecosystem. Currently, it is the second-largest rollup by TVL and will likely be the largest rollup by market cap at token launch.