Thread by @MessariCrypto

1/ .@optimismFND's 10th grants cycle is coming to a close.

With a number of incentivized Layer-2 (L2) applications like @GMX_IO, @VelodromeFi, and others turning out to be winners, let's examine the current crop to see what applications and builders are making waves.🧵

2/ @optimismFND grants cycles are separated into two categories: Growth Experiments and Builders.

Growth Experiments focus on on-chain applications.

While the Builders section consists of teams and solo devs creating developer tooling.

3/ One of the twelve protocols selected as a finalist in the Growth Experiments category was @KyberNetwork's #KyberSwap.

KyberSwap has seen its @optimismFND-based volumes grow ~9x YTD, enough to earn the #3 spot for @optimismFND DEXs by transaction volume.

4/ But is $500K in incentives enough to close the gap between #Kyberswap at #3, @VelodromeFi, and @Uniswap?

The 7-day volume gap between Velodrome ($194.3M) and Uniswap ($238.6M) on @optimismFND sets a positive precedent for Kyberswap's growth potential.

5/ On the Builder side, @project_shutter is looking to bring transaction privacy to the @optimismFND Stack via a shielded mempool implementation.

The implementation aims to increase base layer neutrality, promote fair prices on DeFi protocols, and add censorship resistance.

6/ For a complete look at the finalists for @optimismFND's 10th grants cycle, including deep dives into the protocols and teams within the growth experiment and builder categories, check out the full Pro report from @kelxyz_.
messari.io/article/optimi…