With the growing popularity of Ethereum, users and developers face increasing challenges: high fees and slow transaction times. This is where Layer 2 networks like Optimism and Arbitrum come in. They enable a significantly higher transaction capacity, accelerate transaction processing and at the same time significantly reduce costs.
But the Ethereum Layer 2 market is competitive as more and more L2 networks go live. However, one L2 project that is fast becoming the darling of crypto giants is Optimism. Besides Worldcoin, Binance, Celo, Debank, Mantle and also Coinbase BASE, more and more crypto projects and companies are using the L2 network to create their own Ethereum L2 networks.
After Arbitrum, Optimism is currently the second largest Ethereum L2 network in the crypto market with a TVL of almost $2.7 billion. But why is it like that? Why is Optimism so attractive to developers and users? What makes the project different from Arbitrum and Co.? And how does the OP token benefit from this development?
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