![]() ![]() Once you’re done, you can swap tokens back to Ethereum’s mainnet. You can bridge them through the Optimism token bridge. For this, you need ETH or other ERC-20 tokens. We need to bridge tokens because Optimism is a separate blockchain. DAOs - Bakery DAO, BoringDAO, Olympus DAO.Īlthough Optimism has its OP token, it’s not used for paying bridging fees.Portfolio trackers - DeBank, Nansen, Zapper.Tools - Chainlink, Dune Analytics, The Graph.Wallets - Coin98, MetaMask, Trust Wallet.Bridges - Hop Exchange, Celer Bridge, Connext.Below is a list of fields with some samples of each field. There are close to 200 apps and integrations in Optimism’s ecosystem. In turn, this provides the funds for the public good. Some of this profit goes to the Collective. This sequence submits the rollup transactions to Ethereum. In a nutshell, this leads to incentives to build these public goods. They also have an in-depth paper on how the Collective works. More explanation is in their governance docs. However, they distribute funds after you have proven your value. For instance, projects, communities, or companies. You qualify for this if you provided value to Optimism’s ecosystem. In the Citizens’ House, they govern a process for distributing retroactive public goods funding. However, also protocol upgrades, and more are possible. If you are an OP token holder, you can vote on features such as the distribution of project incentives as a part of a Governance Fund. On the other side is the long-term vision. The task of these houses is to balance on one side short-term incentives. Introducing the Optimism Collective: /PbQyBU1J6l They established Optimism Collective as two co-equal chambers – the Token House and the Citizens’ House. The Optimism Foundation and Collective will work together. This influences the governance of Optimism. The above video gives a good explanation of this. It also takes traffic away from the main Ethereum network. This results in cheaper transaction costs. On Ethereum, the transactions get validated. They send this single transaction to Ethereum. Now they bundle, or roll up, a big chunk of transactions into one single transaction. This means that transactions take place on Optimism. Optimism does this with optimistic rollups. This means that Optimism computes off-chain. More importantly, though, the rivalry is also stoked by loudmouth CryptoTwitter investors and ecosystem projects – everyone is worried that only one L2 will emerge victorious, and no one wants to be left holding a bag.As Layer 2 solutions tend to do, Optimism built itself on top of Ethereum, the Layer 1. They raced to be first to market, and now are engaged in a back-and-forth battle for TVL with a different leader seemingly by the week. ![]() The networks have long been entangled in an unofficial rivalry, with both teams boasting different technical solutions to the same problem. However, there are a handful of ecosystems that are managing to outperform – specifically, two scaling solutions for Ethereum: Arbitrum and Optimism, both of which have seen native projects surge in recent weeks. Want to track how top-performing wallets are playing the LSD trade? Sign up for a Nansen account today! It’s an idiosyncratic bid, with the overwhelming majority of the market’s attention focused on The Merge and the LSD (Liquid Staking Derivative) trade. Alts, meanwhile, are a grab-bag, with unexpected names like Celsius and Nexo counting among the few who’ve managed to outpace ETH on a 7-day basis. It’s a weird market! Even seasoned traders are struggling to make sense of it.Įthereum is on the move, up roughly 20% on the week, while other majors labor to keep up. Let’s take a look at how you can use Nansen to analyze these networks! Layer 2 Playgrounds Both scaling solutions are hovering around $1 billion in Total Value Locked (TVL), and have enjoyed recent surges in activity, users, and buzz. This week we’re taking a look at a simmering rivalry between competing Layer 2 networks: Arbitrum and Optimism. Welcome to The Map and the Territory, Nansen’s weekly alpha leak newsletter where we try to cut through the noise – the headlines, the tweets, and the mania – with onchain data in an effort to surface actionable signal. ![]()
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