Optimism – a Layer 2 scaling solution for Ethereum | 15-minute fundamentals ep. 29

Smit Vachhani, Head of DeFi at OP Labs, the team behind Optimism – a Layer 2 scaling solution for Ethereum – joined us for an interview to dive into the details behind the charts available on Token Terminal. In this interview with Smit we discuss the basics of what Optimism is, how it works, how it’s positioned within the Ethereum ecosystem and broader Layer 2 landscape, current growth drivers, challenges, and plans for the future.

Optimism’s dashboard: https://tokenterminal.com/terminal/projects/optimism

Optimism: https://www.optimism.io/
Twitter (Optimism): https://mobile.twitter.com/optimismFND
Twitter (OP Labs): https://mobile.twitter.com/oplabspbc

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Timestamps:
00:00 Introduction
01:15 What is Optimism?
02:57 Optimistic rollups & other scaling solutions
04:08 Optimism’s economic model
05:29 Fees & how they are used
06:43 Growth drivers & challenges
09:28 Onboarding 1 billion users
10:47 The OP airdrop #1
12:35 Partnerships & their role
13:49 Are L2s good for Ethereum?
14:49 What’s next for Optimism?

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The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.