Introduction

Optimism is one of the most famous second layer solutions of Ethereum, which is provided with the aim of making Ethereum more scalable. This second layer solution increases the speed of transactions in the Ethereum network and significantly reduces transaction fees.

Services built on Optimism network platform

Numerous services including DeFi applications, NFT tokens , bridges, wallets, various tools and DAOs have been built on the Optimism network. It is worth mentioning that all platforms that operate on the basis of the Ethereum network can easily create their applications on the basis of Optimism.

The main advantage of using Ethereum second layer solutions is that you can pay much lower fees while using Dapps and platforms launched on the Ethereum network. But in order to use it, projects must launch their smart contract on the layer two network in addition to the Ethereum network.

Reduced fees

After users' assets enter tier two, fees will be significantly reduced. For example, every trade and transaction made on UniSwap using the Optimism network is reduced by almost 100 times.

The content of this dashboard

According to the content presented above, it can be said that the main goal of the Optimism network is to reduce the fees above layer 1 of Ethereum, and for this, various protocols have been launched on this network so that users can continue their activities by paying lower fees. The dashboard is going to show what these protocols are and how much fees are charged for the transactions sent in these protocols.

Of course, it should be mentioned that the data in the Optimism tables is about 40 days ago and the presented visualizations and analyzes are related to this time period.

A look at Optimism network transactions

The following graphs provide statistics about the transactions of the Optimism network, including the number and average, and successful and unsuccessful transactions of the Optimism network.

Highlights

• As can be seen, an average of about ==90,000 transactions== are sent on Optimizm network daily, and the highest transaction was sent on June 27.
• The average daily transaction fee of the Optimism network was only about ==0.25 Ethereum==, which must be said to have decreased significantly.
• Every second==, about ==1 transaction== is sent on the Optimizm network, and this amount has been increasing since June 12 and has reached above 1.
• About ==92%== of the Optimism network transactions were successful and about ==8%== were unsuccessful, and the largest number of unsuccessful transactions was sent on June 21, which was about 17,000 transactions.

optimism protocols

We are going to take a look at the protocols available on the Optimism network and check the transaction fees in them and see which are the best protocols in terms of the number of transactions.

The graphs below show the different protocols on the Optimism network and give us information about the amount of fees they generate.

Highlights

• The average of the ==most daily transactions== is related to ==layer 2== and bridge protocols, which are in the first place among Optimizm network protocols with an average of about 35,000 daily transactions.
• The ==highest amount of transaction fee== is related to ==layer 2 protocols==, and although they have the highest amount of fee, they have only earned about 5.5 Ethereum in about 40 days, and this shows the very low fee of the Optimism network.
• It seems that the number of transactions related to existing protocols based on optimism has taken a ==growing trend since July 10.

top 10 optimism protocols

At this stage, we are going to explore the top 10 protocols that have the most transactions on the Optimizm network. The graphs below present the top 10 protocols of this network in terms of the number of transactions.

Highlights

• Among the existing protocols on Optimism, the layer 2 protocol of ==Hope== has the most transactions, which has done about 1,250,000 transactions in 40 days.

• The ==Uniswap== protocol has performed the most activity on the Optimizm network in both the NFT and Dex sectors, and significant users have sent layer 2 transactions on this protocol.

• The ==Velodrome Finance== protocol has also had significant transactions in the Dex sector and has been active in the Optimism network with more than 90,000 transactions after the Uniswap platform.

• The synthetix protocol also stands out with a significant number of transactions in the DeFi section of the protocol.

  (On Apr. 22, ==Synthetix==, a derivatives protocol, unveiled its new initiative with Lyra: an options protocol that launched last year. It's designed to incentivize liquidity for its synthetic dollar-pegged sUSD stablecoin on Optimism, the Layer-2 Ethereum scaling solution.)

  Source:google.com

conclusion

The Optimism network has been launched with the aim of reducing transaction fees on the Ethereum platform, and as we have seen, the transactions of this network are much lower than layer one. The protocols operating on this network also have very low transaction fees, and we see that protocols such as Hope They play the main role in transferring assets to layer 2. They have the most transactions and users in the Optimism network