After hope has been overcome, why?

Ethereum is now the undisputed king of the public chain, but market congestion and high market share has led to long-term users and the demand for measurement has increased significantly. With the constant evolution of Layer 2 solutions, it has become a powerful weapon in solving the current problem of scaling Ethereum. Among them, state channels, side chains, plasmas and rollups have become four major solutions. And Rollup is the best recommendation,Optimism is one of the overall goals of the Rollup program.

Currently, Phase 2 TVL total is $ 5.25 billion, and in September 2021, with mainnet Arbitrum, Happiness has the best performance, but growing slowly, so it has the 5th overall. of the 2nd layer.

Data Source: Footprint Analysis - Layer 2 LTV

01

The path to the development of optimism

Optimism is a best-stack-based Layer 2 scaling solution.The advantage of this solution is that it is easy to integrate with DApps and rarely requires developers to intelligently modify DApp contracts. So, as soon as the plan was announced, it was supported by many developers.

Optimism first developed a test based on the Ethereum mainnet in January 2021, and it began with a deep integration of the Uniswap, Compound, and Synthetix synthesizers. And on July 14, Uniswap V3 announced the Optimism Mainnet. So far, all aspects of hope are still slowly explored.

02 ib

Hello: Slow ecological growth, especially Synthetix ecology

Although the expectation was confirmed in the big VC and DeFi contracts after the job was announced, TVL as of December 14, 2021 is worth $ 272 million, which is only 7.35% of TVL's total in layer 2.

Data Source: Footprint Analysis-Optimism TVL

According to Footprint Analytics data, there are only 12 DApps in the ecosystem. Synthetix is ​​first with TVL at $ 147 million, or 53% of total expectations. Lyra, a contract option in the Synthetix ecosystem, temporarily took second place with TVL at $ 67.43 million. Aside from Synthetix, the same well-known DeFi lead is Uniswap, which ranks fourth on Optimism's TVL at $ 28.29 million. In this perspective, the main function of Optimism rests temporarily on the ecology of Synthetix. This should be done with long term support from Synthetix for approval.

Source data: Footprint analysis-Optimism TVL for all DApps

It is not rich in terms of DeFi project mode. In general, DEX is far from a diverse ecosystem and offers few opportunities for investors.

Source data: Footprint Analytics-Optimism TVL for each DApp group

0Three

Examine the reasons affecting the improvement of the results

-Reason 1: Optimism is not 100% better than EVM.

The way to measure business volume in today's industry is to use the Turing program as a whole to make it compatible with EVM information down the chain, allowing anyone to run robust services straight down the line. chain. Optimism uses smart contracts on the OVM chain so that OVM bytecodes can create EVM one by one in the hope that smart contracts can accept and implement EVM compatible instructions in the chain. However, since this card only contains about 20 bytes of code, Optimism could not achieve 100% EVM integration and the development cost was slightly higher.

-Reason 2: Optimistic whitelist distribution mechanism

Another downside to waiting is that only contracts that have passed the free list can be submitted. Therefore, there should be many new or intermediate projects. Optimists use whitelists just because they hope to create new defensive scams, but it's not easy and takes a lot of time and experience.

-Reason 3: Now "protect the VC culture" in the crypto community

Optimism's growth was stigmatized by venture capital (VC) investments, and Paradigm and A16Z were the first platforms. Compared to Arbitrum, which is also the hope of the best, it is more of a community campaign. The current crypto community of “lightly protected VC” culture does not look promising.

concludes

Now the Layer 2 runner is already a herd of deer and not on the notional surface. What layer 2 ecology can contribute to the benefits of ecosystem building, climate, ecological development wealth and attractiveness, community building and more will have time to be successful.

On the other hand, active leaders on both sides are expected to have a starting point for smart immigration engagements, new jobs without tickets, users with no good place in the community, and it has understood that they were lagging behind. Whether we can make more progress in the future will always depend on the extent of our ability to address these issues adequately.