乐观 (OP) 市场分析：以太坊的第 2 层扩容解决方案

在《比特币市场杂志》，我们像投资股票一样投资加密代币。虽然两者之间存在重要差异，但我们像传统公司一样分析加密“公司”，并通过两者的组合来实现投资多元化。更多关于我们的方法请参见这里。

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) 是以太坊区块链的第 2 层扩展解决方案。它使用乐观汇总在将交易提交到以太坊主网之前快速且廉价地处理链下交易。乐观的目标是提高可扩展性、降低交易费用并增强以太坊网络的整体用户体验。

Key Fundamental Data

关键基本数据

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.

每日活跃用户 (DAU)：截至 2023 年 3 月，Optimism 的 DAU 约为 9 万，较一年前的约 6 万有显着增长。这意味着同期增长了大约 50%。尽管有这种增长，但与竞争对手相比，Optimism 的每日活跃用户数量仍然相对较少。例如，Polygon 拥有 140 万 DAU，Arbitrum 拥有 47.6 万 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.

费用和收入：Optimism 主要通过在 OP 主网上支付的交易费产生收入。这些费用由网络的排序器收取，排序器负责对交易进行排序并将它们批处理在一起，然后将它们提交到以太坊主网。 Optimism 的费用被认为是合理且可持续的，因为它们明显低于以太坊主网上的费用。

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：截至撰写本文时，OP 的市值为 15.5 亿美元。这个数字比一年前增加了 70%。然而，OP 仍落后于其竞争对手 MATIC（41.5 亿美元）和 ARB（18.9 亿美元）。

Market Analysis

市场分析

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.

它解决的问题：Optimism 通过作为第 2 层解决方案运行来解决以太坊的可扩展性问题。它使用 rollup 技术通过链下执行交易来减轻以太坊的负载，从而节省用户交易费用，同时仍然受益于以太坊的安全性。

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.

客户：Optimism 是一种以太坊扩容解决方案，因此主要针对正在生态系统内寻找更便宜且安全交易的以太坊用户。加密货币市场的总体趋势表明，受众以男性为主，通常偏向年轻的、受过大学教育的个人。

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

价值创造：采用乐观主义的用户可以享受与以太坊相同的体验，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.

市场结构：虽然随着新项目和技术的出现，layer-2 领域不断扩大，但 Arbitrum 已确立了自己在该领域的领导者地位，截至撰写本文时，其 TVL 显着超过 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.

市场规模：Layer-2 解决方案的潜在市场规模巨大，投资公司 VanEck 预计到 2030 年估值将达到 1 万亿美元。该公司认为，它们很可能在以太坊的广泛采用中发挥重要作用，并从中受益。

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.

监管风险：作为领先的扩展解决方案之一，Optimism 很容易受到监管审查。此外，它在以太坊生态系统内运行，也容易受到监管。

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

我们的分析师对 OP 的市场分析评分为 3.2 分（满分 5 分）。

Competitive Advantage

竞争优势

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

技术/区块链平台：Optimism 建立在以太坊作为第 2 层之上；它的OP代币是ERC-20，这是一个行业标准。

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

交付时间优势：就乐观汇总而言，乐观并不享有交付时间优势，因为 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.

人脉和人际网络：乐观的人际网络似乎很发达； 2023 年，他们任命经验丰富的 Polygon Labs 前总裁 Ryan Watts 担任首席增长主管。

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

我们的分析师对 OP 的竞争优势评分为 3.7 分（满分 5 分）。

Management Team

管理团队

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.

创业团队：Optimism拥有一支经验丰富的团队，成员均从业多年，如创始人王静兰、Karl Floersch等，曾参与过以太坊、ConsenSys等项目。

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.

行业/技术经验：Optimism 的团队已经在该行业工作了 5 年多，并构建了以太坊最大的扩容解决方案之一，因此可以肯定地说他们拥有所需的行业经验。

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

正直：到目前为止，乐观主义一直保持着干净的状态，没有出现重大争议。

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

我们的分析师对 OP 管理团队的评分为 4 分（满分 5 分）。

Token Mechanics

代币机制

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

所需代币：OP 对于该项目至关重要，因为它的推出是为了帮助去中心化协议的治理。

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

增值：OP 的功能与任何其他治理代币类似，因此不会增加新类型的价值。

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 基金会管理；然而，它的结构有助于通过项目社区进行去中心化治理，允许他们对变更提出建议、讨论和投票。

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

代币供应：OP 的初始供应总量为 42 亿枚，年通胀率为 2%。

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

公开交易所：OP在Binance、Coinbase、KuCoin等主要交易所上市。

MVP: Optimism has been up and running since

MVP：乐观情绪从那时起就一直存在