Optimism stands out because of its simplicity, practicality, and of course, optimism, besides its promise of sustainability. The foundation is entirely funded by donations and grants.

Led by the non-profit Optimism Foundation, the network aims to continue with its non-profit ecosystem dedicated to decentralized management and the development of public goods. Other protocols on the network include the Uniswap (UNI) DEX and the Velodrome AMM. Using optimistic rollups, the network also aids in scaling up the Ethereum ecosystem.ДЄccording to its website, Optimism pledges to вЂњ uphold the values of Ethereum by producing infrastructure that promotes the growth and sustainability of public goods.вЂќ The platform hosts over 35 protocols, of which the derivatives exchange Synthetix (SNX) is the biggest. On Optimism, all transactions are recorded trustlessly, yet they are eventually secured on Ethereum. Optimism is a Layer 2 Network built on top of the Ethereum blockchain that draws security from the Ethereum network. Optimism Price Chart on CoinMarketCap About Optimism Crypto

The global cryptocurrency market is witnessing a plunge currently, which could have affected OPвЂ™s performance also adversely.

It is too early to associate the recent plunge with any long-term performance analysis, and OP could consolidate soon to surpass its initial listed value.

The token was listed on June 1, at a price of $1.485, and has fallen since.

Optimism is currently priced at $1.20, with a 24-hour trading volume of $218 million.

The Optimism network has a lot to offer with its much-needed values, and investors best realize its potential soon. Launched recently, the Optimism token has also witnessed some dip in recent times, but this is sure to change with time.

Such drops have recently been considerably more dramatic, with investors fleeing the crypto market in flocks. It makes use of Optimistic Rollups, a scalability method that groups transactions on a separate network before settling them as a single transaction on the Ethereum mainnet.Дue to the ongoing Ukraine-Russia conflict, the burdening of the space with many regulatory orders, the worldвЂ™s steady descent into a phase of recession, and many other variables, the entire crypto-sphere has been showing declining trends this year.

Optimism is a fresh project that is helping Ethereum achieve greater scalability without complex configurations or a decline in speed and security. Blockchain has always been associated with scalability issues, but thankfully there is someone on the horizon now to change that.