The Ultimate Guide to the Top 10 Protocols on Optimism
Posted On March 18, 2023
Optimism is a Layer 2 scaling solution built on top of the Ethereum blockchain. Designed to scale Ethereum, Optimism utilize Optimistic Rollup technology to maximize transaction speed and reduce gas fees on Optimism. Since Ethereum underwent The Merge in 2022, L2s have steadily built-up traction.
What Makes Optimism Unique?
Optimism is designed around four core tenets listed below:
- Simplicity
- Pragmatism
- Sustainability
- Optimism
How Is the Optimism Network Secured?
Optimism utilizes optimistic rollups. Optimistic Rollups (ORs) can trustlessly record transactions on the second layer blockchain and broadcast periodic merkle roots of the transactions to the first-layer blockchain. External validators verify these merkle roots, which delays withdrawing funds from layer-twos running on optimistic rollups (usually by one week) world wild.
Top Protocols on Optimism by Total Value Locked
- BeethovenX
- Stargate
- Sonne Finance
- PoolTogether
- Uniswap
- Beefy Finance
- Curve Finance
- Velodrome
- Aave