fromAccording to data from DefiLlama, Total Locked Value (TVL) in Optimism, a Layer 2 scalability solution for the Ethereum blockchain, has increased 284% in the past month, with most TVLs made up of users lending assets on Aave over the network. Layer 2 of Optimism
The preliminary date for The Merge is set for September 19. As Optimism is a layer 2 of the Ethereum blockchain, efforts are made to scale the ecosystem through Rollups, or off-chain computing, to speed up transactions. Transactions are recorded in Optimism and completed on Ethereum.
The project consists of 35 protocols, including Synthetix , decentralized exchange Uniswap , automated market maker Velodrome. The current capacity of the Ethereum blockchain of 30 transactions per second is not available to support such demand. However, some experts estimate that the network can scale up to 100,000 transactions per second after the upgrade. The Merge and with a Layer 2 solution that enhances that capability.
Optimism blocks are created and executed on Layer 2, while user transactions are batched up and sent to Ethereum Layer-1, where in Layer 2 transactions are instantly accepted or rejected without a mempool allowing the user to receive them. fast experience This corresponds to a 300% increase in TVL over the same period.
The post Optimism’s TVL value increased nearly 300% ahead of the upgrade The Merge appeared first on Bitcoin Addict.