The rising recognition of Optimism (OP) has taken the crypto world by storm, as Bitboy Crypto, also referred to as Ben Armstrong, highlights in his newest video.
In accordance with him, Optimism is poised to develop into a powerful competitor to Polygon within the upcoming bull run. Moreover, a brand new partnership could present Optimism with the mandatory impetus to ascend to larger heights.
Andreessen Horowitz Backs Optimism
Optimism has been making waves not too long ago, with its worth growing by 161% over the past yr. That is due partly to the backing of main traders similar to Andreessen Horowitz, who led Optimism’s $25 million Sequence A funding spherical again in February 2021. This funding has allowed it to pursue its aim of reaching decrease charges, decrease latency, and larger throughput in comparison with transacting on Ethereum.
Coinbase Launches Layer 2 Blockchain Base on Optimism
One other main participant that has proven assist for Optimism is Coinbase, which launched its layer two networks, Base, utilizing Optimism’s op stack earlier this yr. This transfer has attracted tens of millions of latest crypto customers to the ecosystem and has helped to drive up the worth of Optimism’s native tokens.
Optimism’s Rivals
When it comes to opponents, Optimism is up in opposition to one other layer two networks on Ethereum, similar to Polygon and Arbitrum. Whereas Polygon is at present probably 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 about to supply customers a safe and simple option to retailer and entry their Web3 wallets. This transfer is predicted to be a serious increase for Optimism and its transaction volumes, as Coinbase is the most important trade in America and one of the vital trusted names in crypto.
The long run seems to be vivid for Optimism, and its partnerships with main traders and firms like Coinbase have given it the sources 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.
