The rising reputation of Optimism (OP) has taken the crypto world by storm, as Bitboy Crypto, often known as Ben Armstrong, highlights in his newest video.
Based on him, Optimism is poised to turn out to be a robust competitor to Polygon within the upcoming bull run. Moreover, a brand new partnership might present Optimism with the mandatory impetus to ascend to higher heights.
Andreessen Horowitz Backs Optimism
Optimism has been making waves not too long ago, with its worth growing by 161% during the last yr. That is due partly to the backing of main buyers akin to Andreessen Horowitz, who led Optimism’s $25 million Collection A funding spherical again in February 2021. This funding has allowed it to pursue its purpose of attaining decrease charges, decrease latency, and higher throughput in comparison with transacting on Ethereum.
Coinbase Launches Layer 2 Blockchain Base on Optimism
One other main participant that has proven help for Optimism is Coinbase, which launched its layer two networks, Base, utilizing Optimism’s op stack earlier this yr. This transfer has attracted hundreds of thousands of recent crypto customers to the ecosystem and has helped to drive up the worth of Optimism’s native tokens.
Optimism’s Opponents
When it comes to rivals, Optimism is up in opposition to one other layer two networks on Ethereum, akin to Polygon and Arbitrum. Whereas Polygon is at present essentially the most lively community, Armstrong predicts that Optimism would be the greatest mover within the subsequent two years.
Coinbase has additionally not too long ago launched a Pockets as a Service, which is ready to supply customers a safe and straightforward technique to retailer and entry their Web3 wallets. This transfer is anticipated to be a serious enhance for Optimism and its transaction volumes, as Coinbase is the most important trade in America and some of the trusted names in crypto.
The long run appears shiny for Optimism, and its partnerships with main buyers and firms like Coinbase have given it the assets and credibility it must succeed. As Armstrong places it, “something that Andreessen Horowitz and particularly Mark Andreessen contact just about turns to gold.” With these main gamers backing it, Optimism is poised to take the world of decentralized finance by storm.