🌐 Optimism $OP
Optimism is a Layer‑2 network built on Ethereum using Optimistic Rollups technology, aimed at reducing transaction fees and increasing speed while maintaining the security of Ethereum.
⚙️ How does it work?
🔄 Transactions are completed off-chain and then confirmed on Ethereum.
🛡️ It relies on a transparent system that allows for transaction disputes (fraud proofs).
🚀 The network supports dozens of applications like Uniswap, Aave, Synthetix, and others.
📊 Key market information
💲 Current price ~0.55 USD.
📦 Circulating supply ~1.62 billion out of 4.29 billion OP.
💰 Market capitalization is approximately 1.4 billion USD.
📉 All-time high price around 4.85 USD (March 2024), which is now down about 88%.
⏫ Previous low price at ~0.40 USD (June 2022), indicating a rise and current movement in these price levels.
🏛️ Uses of OP
🗳️ Governance of Optimism Collective: allows voting on network amendments and spending from the treasury.
🏗️ Ecosystem funding: part of the tokens is allocated to support projects through Seed/Governance grants and others (25%), in addition to retroactive funding (20%).
⚙️ Incentives and community building: the network continuously supports its projects and users.
✅ Strengths
🚀 Fast transaction experience and low fees compared to Ethereum L1.
🛡️ Strong security derived from Ethereum itself.
🏗️ Significant DeFi support due to the applications used.
🗳️ Decentralized governance that includes participants and institutions.