樂觀 (OP) 市場分析：以太坊的第 2 層擴容解決方案

在《比特幣市場雜誌》，我們像投資股票一樣投資加密代幣。雖然兩者之間存在重要差異，但我們像傳統公司一樣分析加密“公司”，並透過兩者的組合來實現投資多元化。更多關於我們的方法請參見這裡。

Optimism (OP) is a layer-2 scaling solution for the Ethereum blockchain. It uses optimistic rollups to process transactions quickly and cheaply off-chain before submitting them to Ethereum's mainnet. Optimism aims to improve scalability, reduce transaction fees, and enhance the overall user experience on the Ethereum network.

Optimism (OP) 是以太坊區塊鏈的第 2 層擴展解決方案。它使用樂觀匯總在將交易提交到以太坊主網之前快速且廉價地處理鏈下交易。樂觀的目標是提高可擴展性、降低交易費用並增強以太坊網路的整體用戶體驗。

Key Fundamental Data

關鍵基本數據

Daily Active Users (DAU): As of March 2023, Optimism has around 90K DAU, showing a significant increase from about 60K DAU a year ago. This represents a growth of roughly 50% over that period. Despite this increase, Optimism's daily active user numbers are still relatively modest compared to its competitors. For example, Polygon boasts 1.4 million DAU, and Arbitrum has 476K DAU.

每日活躍用戶 (DAU)：截至 2023 年 3 月，Optimism 的 DAU 約為 9 萬，較一年前的約 6 萬有顯著成長。這意味著同期增長了大約 50%。儘管有這種成長，但與競爭對手相比，Optimism 的每日活躍用戶數量仍然相對較少。例如，Polygon 擁有 140 萬 DAU，Arbitrum 擁有 47.6 萬 DAU。

Fees and Revenues: Optimism generates revenue primarily through transaction fees paid on the OP Mainnet. These fees are collected by the network's sequencers, who are responsible for ordering transactions and batching them together before submitting them to the Ethereum mainnet. Optimism's fees are considered reasonable and sustainable as they are significantly lower than those on Ethereum's mainnet.

費用和收入：Optimism 主要透過在 OP 主網上支付的交易費產生收入。這些費用由網路的排序器收取，排序器負責對交易進行排序並將它們批次在一起，然後將它們提交到以太坊主網。 Optimism 的費用被認為是合理且可持續的，因為它們明顯低於以太坊主網上的費用。

Market Cap: OP, at the time of this writing, has a market cap of $1.55 billion. This figure marks a 70% increase from a year ago. However, OP still lags behind its competitors MATIC ($4.15 billion) and ARB ($1.89 billion).

市值：截至撰寫本文時，OP 的市值為 15.5 億美元。這個數字比一年前增加了 70%。然而，OP 仍落後於其競爭對手 MATIC（41.5 億美元）和 ARB（18.9 億美元）。

Market Analysis

市場分析

Problem that it solves: Optimism addresses Ethereum's scalability issues by operating as a layer-2 solution. It uses rollup technology to ease the load on Ethereum by executing transactions off-chain, thereby saving users transaction fees while still benefiting from Ethereum's security.

它解決的問題：Optimism 透過作為第 2 層解決方案運行來解決以太坊的可擴展性問題。它使用 rollup 技術透過鏈下執行交易來減輕以太坊的負載，從而節省用戶交易費用，同時仍受益於以太坊的安全性。

Customers: Optimism is an Ethereum scaling solution and therefore primarily targets Ethereum users who are looking for cheaper and secure transactions within the ecosystem. General trends in the cryptocurrency market suggest a predominantly male audience, often skewed towards younger, college-educated individuals.

客戶：Optimism 是一種以太坊擴容解決方案，因此主要針對正在生態系統內尋找更便宜且安全交易的以太坊用戶。加密貨幣市場的總體趨勢表明，受眾以男性為主，通常偏向年輕的、受過大學教育的個人。

Value creation: Users who adopt Optimism can benefit from having the same experience they would on Ethereum, but faster and at a lower cost.

價值創造：採用樂觀主義的使用者可以享受與以太坊相同的體驗，但速度更快，成本更低。

Market structure: While the layer-2 space is expanding with new projects and technologies emerging, Arbitrum has established itself as the leader in the space, surpassing Optimism significantly in terms of TVL as of the time of this writing.

市場結構：雖然隨著新項目和技術的出現，layer-2 領域不斷擴大，但 Arbitrum 已確立了自己在該領域的領導者地位，截至撰寫本文時，其 TVL 顯著超過 Optimism。

Market size: The potential market size for layer-2 solutions is significant, with investment firm VanEck projecting a $1 trillion valuation by 2030.  The firm believes they are likely to play a big role in Ethereum's widespread adoption, from which they stand to benefit.

市場規模：Layer-2 解決方案的潛在市場規模龐大，投資公司VanEck 預計到2030 年估值將達到1 兆美元。受益。

Regulatory risks: As one of the leading scaling solutions, Optimism is vulnerable to regulatory scrutiny. Additionally, it operates within the Ethereum ecosystem, which is also susceptible to regulation.

監管風險：作為領先的擴展解決方案之一，Optimism 很容易受到監管審查。此外，它在以太坊生態系統內運行，也容易受到監管。

Our analysts rated OP a 3.2 out of 5 for market analysis.

我們的分析師對 OP 的市場分析評分為 3.2 分（滿分為 5 分）。

Competitive Advantage

競爭優勢

Technology/blockchain platform: Optimism is built on Ethereum as a layer-2; its OP token is an ERC-20, which is an industry standard.

技術/區塊鏈平台：Optimism 建立在以太坊作為第 2 層之上；它的OP代幣是ERC-20，這是一個行業標準。

Lead time advantage: Optimism does not enjoy a lead time advantage as far as optimistic rollups are concerned, as Arbitrum launched first.

交付時間優勢：就樂觀匯總而言，樂觀並不享有交付時間優勢，因為 Arbitrum 首先推出。

Contacts and networks: Optimism's network seems to be well-developed; in 2023, they appointed Ryan Watts, the experienced former president of Polygon Labs, to be the chief growth lead.

人脈與人際網絡：樂觀的人際網絡似乎很發達； 2023 年，他們任命經驗豐富的 Polygon Labs 前總裁 Ryan Watts 擔任首席成長主管。

Our analysts rated OP a 3.7 out of 5 for competitive advantage.

我們的分析師對 OP 的競爭優勢評分為 3.7 分（滿分為 5 分）。

Management Team

管理團隊

Entrepreneurial team: Optimism has an experienced team featuring members who have been in the industry for years, such as founder Jinglan Wang and Karl Floersch, who have been involved in projects such as Ethereum and ConsenSys.

創業團隊：Optimism擁有一支經驗豐富的團隊，成員皆從事多年，如創辦人王靜蘭、Karl Floersch等，曾參與以太坊、ConsenSys等計畫。

Industry/technical experience: Optimism's team has been in the industry for over 5 years and has built one of Ethereum's biggest scaling solutions, so it's safe to say they have the required industry experience.

產業/技術經驗：Optimism 的團隊已經在該行業工作了 5 年多，並建立了以太坊最大的擴容解決方案之一，因此可以肯定地說他們擁有所需的行業經驗。

Integrity: Optimism has maintained a clean slate so far, with no major controversies.

正直：到目前為止，樂觀主義一直保持著乾淨的狀態，沒有重大爭議。

Our analysts rated OP a 4 out of 5 for the management team.

我們的分析師對 OP 管理團隊的評分為 4 分（滿分為 5 分）。

Token Mechanics

代幣機制

Token required: OP is essential to the project as it was launched to help decentralize the governance of the protocol.

所需代幣：OP 對於該專案至關重要，因為它的推出是為了幫助去中心化協議的治理。

Value added: OP functions like any other governance token and therefore does not add a new type of value.

增值：OP 的功能與任何其他治理代幣類似，因此不會增加新類型的價值。

Decentralized: Optimism is stewarded by the Optimism Foundation; however, it has a structure that facilitates decentralized governance through the project's community, allowing them to propose, discuss, and vote on changes.

去中心化：Optimism 由 Optimism 基金會管理；然而，它的結構有助於透過專案社群進行去中心化治理，允許他們對變更提出建議、討論和投票。

Token supply: OP has a total initial supply of 4.2 billion tokens, with a 2% yearly inflation rate.

代幣供應：OP 的初始供應總量為 42 億枚，年通膨率為 2%。

Public exchange: OP is listed on major exchanges such as Binance, Coinbase, and KuCoin.

公開交易所：OP在Binance、Coinbase、KuCoin等主要交易所上市。

MVP: Optimism has been up and running since

MVP：樂觀情緒從那時起就一直存在