Optimism (OP) is an Ethereum-based layer-two blockchain. With the use of optimistic rollups, Optimism gives advantages from security of the ethereum mainnet and assists scale the ecosystem of Ethereum. This exhibits that transactions are faithlessly recorded on Optimism, however secured on Ethereum.

For ethereum one of the largest scaling solutions is Optimism with above $300 million in TVL. It hosts 35 protocols, the most important of which are Synthetix (SNX), Uniswap (UNI), a derivatives exchange, an AMM, a DEX, and Velodrome (VELO).

Users can start their Optimism journey by incorporating the chain to Metamask and bridging tokens such as ETH to the L2. Optimism held a highly anticipated airdrop of its OP token on May 31, 2022. The airdrop was so successful that it temporarily slowed down the Optimism blockchain.

Trade $OP at LCX Exchange

Who Are the Founders of Optimism?

A NGO devoted to developing the Optimism ecosystem – Optimism Foundation leads Optimism. Equivalent to Ethereum, it aims to become a completely decentralized public good that is profit oriented. With the goal to give an infrastructure that promotes development and sustainability of public good, Optimism is fully funded by grants and donations. As per the roadmap of Optimism their goal is to have L1 governed fault proofs prepared by 2024.