Optimism (OP) is a layer 2 scaling solution that operates on top of the Ethereum mainnet, providing faster and cheaper transactions for Ethereum users. It was launched in 2020 and has quickly become one of the most popular scaling solutions for the Ethereum network.
On June 6, Optimism released its much-anticipated Bedrock upgrade, which promised to improve the network’s transaction speed and reduce gas fees.
Optimism Upgrade Delivers On Promises
The upgrade has since delivered on its promises, with daily transactions on the network increasing by about 67% to around 500,000 transactions, and gas fees reduced by approximately 50% to around $50,000.
According to Nansen, a leading blockchain data analytics platform, the Bedrock upgrade has been a significant milestone for Optimism. The increased transaction speed and reduced gas fees have made the network more efficient and cost-effective, attracting more users to the platform.
Furthermore, the Bedrock upgrade by Optimism has brought
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