Thread by @coingecko

With a TVL of around $930M, #Optimism is one of the most popular scaling solutions for @ethereum!

Let's dive deeper to understand what @optimismFND is, how optimistic rollups work, its tokenomics, and more 🧵👇

1/ What is #Optimism?
• Optimism is a Layer 2 solution for #Ethereum to help end-users access dApps with cheaper transactions and achieve a smoother user experience.
• According to @DefiLlama, Optimism currently ranks #8 for the most popular chains by TVL.

2/ How does #Optimism work?
• It works by using optimistic rollups to bundle multiple off-chain transactions in large batches before sending them to the main #Ethereum network.
• This enables Optimism's Layer 2 blockchain to inherit all the security features from Ethereum.

3/ #Optimism's tokenomics
• $OP has a total supply capped at 4.29 billion tokens.
• The circulating supply is only slightly over 214 million, with an inflationary rate of 2%.

Check out #OP’s tokenomics here! ⬇️ gcko.io/optokenomics

4/ Protocols on #Optimism

At present, only 70+ dApps are running on Optimism. According to @DefiLlama, the top 5 dApps on Optimism are:

• Aave V3 (@AaveAave)
• Synthetix (@synthetix_io)
• Velodrome (@veloprotocol)
• Uniswap (@Uniswap)
• Curve (@CurveFinance)

Curious to know how @optimismFND compares with other scaling solutions like #Polygon and #Arbitrum?

Read the full article to find out! ⬇️
gcko.io/99mx0aq