Now tracking Optimism network dapps including Synthetix, Lyra, and Thales
DappRadar is excited to announce the integration of the Optimism network and its ecosystem of dapps. DappRadar’s one million monthly site visitors can now analyze which dapps attract the most trading volume, unique user wallets, or process the most transactions through the Optimism dapp rankings. This way, everybody can understand which dapps and tokens build solid communities and value on the Optimism network.
Optimism is an Optimistic Roll-up (ORU) or a fancy way of describing a blockchain that piggy-backs off another parent blockchain’s security. In this way, Optimism possesses all of the benefits of Ethereum, such as true decentralization and security, with none of its drawbacks like high gas fees and slow execution. Additionally, an easy-to-use bridge means investors can easily move assets from other chains onto Optimism and start benefiting from low gas fees and fast transactions.
Optimism DappRadar Rankings
At launch, DappRadar will track 14 Optimism dapps with more to come in the future as the ecosystem expands further. The network focuses on DeFi and Exchange dapps, with 10 of the 14 tracked Optimism dapps spread across those two categories. These dapps help Optimism reach almost $400 million in TVL at writing. Uniswap V3 operates on Optimism and is the leading protocol, assisting users in swapping tokens, moving in and out of DeFi positions, and avoiding Ethereum gas fees. Pika Protocol is Optimism’s native DEX, while popular Ethereum DeFi protocol 1Inch also operates on Optimism.
NFTs collections are appearing, and the most popular is Optimistic Apes, a tip of the cap to the original Bored Ape Yacht Club NFT collection, which is available at a fraction of the price of a BAYC NFT. As NFT collections appear, they have the native Quixotic NFT marketplace to trade, discover and create NFTs.
Optimism under the hood
Optimism is a Layer-2 scaling solution for Ethereum called an Optimistic Roll-up, or ORU. An ORU solves Ethereum’s scaling dilemma by moving bulky transaction data off the main blockchain while retaining the security guarantees of Ethereum’s base layer. Moreover, Optimism is the only EVM equivalent L2, meaning developer tooling ‘just works.’ It takes one click to deploy dapps to the network, helping projects find new audiences on multiple chains.
Optimism for dapp developers
Builders already familiar with developing for Ethereum will find deploying to Optimism incredibly simple due to true EVM equivalence. Tooling like Hardhat works out of the box. Optimism has allocated significant resources towards creating a best-in-class developer experience, and it shows. Deployment to Optimism is trivial and accomplished in one click.
Optimism is fully EVM compatible, and DappRadar invites dapp developers to submit their dapps to DappRadar, creating more visibility on The World’s Dapp Store. Developers interested in learning more about Optimism and the possibilities available can start on the Optimism docs website.