Optimism (OP) is seeing very unexpected growth on the market right now as a result of its dramatic 4% gain to $2.5841 over the last 24 hours at a time when prices for most procedures are being restrained. Based on its optimistic view, optimism has now increased by 10% in value over the past week, setting a new benchmark for Layer 2 protocols that compete with it.
On the list of protocols with an expanding ecosystem, optimism has persisted. One of Optimism’s main selling points, which has continued to draw a large number of decentralised applications to the L2.hip opportunities, knowledge exchange, and brand exposure, is that it is intended to take advantage of the security of the Ethereum mainnet and scale the Ethereum ecosystem by using optimistic rollups.
As things stand, the rapidly developing ecosystem of the OP coin can be linked to the bullish Optimistic outlook that now surrounds it. The protocol has announced a number of new developments that have been embraced by Optimism and are intended to support and further bootstrap the Optimism tech stack.
The debut of Magi, a brand-new OP Stack rollup client created in Rust, is one of these advancements. According to the statement, Magi was created by a16z Crypto with the goal of enhancing client variety and the robustness of the whole OP Stack ecosystem.
Optimism and L2 hurrah
For the time being, the excitement in the Web 3.0 technology ecosystem is driven by the potential of Layer 2 protocols, particularly those on Ethereum. While protocols like Arbitrum (ARB) and Polygon zkEVM continue to pose a serious threat to Optimism, it has mostly profited from the optimism surrounding all of these protocols.
Even when other rivals outperform Optimism in terms of tech scalability and costs, its token performance and economics remain as major flags that investors constantly rely on to select it over other chains. Optimism has retained its place as one of the most capitalised Layer 2 protocols.
