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.
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 required impetus to ascend to higher heights.
Andreessen Horowitz Backs Optimism
Optimism has been making waves just lately, with its worth rising by 161% during the last 12 months. That is due partially to the backing of main traders corresponding 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 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 12 months. This transfer has attracted tens of millions of recent 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 rivals, Optimism is up towards one other layer two networks on Ethereum, corresponding to Polygon and Arbitrum. Whereas Polygon is at the moment essentially the most energetic community, Armstrong predicts that Optimism would be the largest mover within the subsequent two years.
Coinbase has additionally just lately launched a Pockets as a Service, which is about to supply customers a safe and simple 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 alternate in America and one of the vital trusted names in crypto.
The longer term seems vivid for Optimism, and its partnerships with main traders and corporations 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.