Tracking Optimism's rise at Symbiosis

We wouldn’t lie when we say that the past year has been fruitful and busy for lots of blockchains at Symbiosis Protocol: lots of them grow and receive a bigger amount of interest from the users. It’s always a big pleasure for our team to watch blockchain networks achieve new heights and milestones - this is a sustainable and great way for us to record the top gainers and highlight the growth of our protocol.

With great pleasure we present the review and report on the Optimism Mainnet growth at Symbiosis. Let’s take a closer look at what's the current stage of our Optimism Bridge popularity and the reasons that contributed to it.

This one's a good piece of reading!

Optimism mainnet bridge at Symbiosis - overview

As a cross-chain protocol, Symbiosis covers a lot of different blockchain networks to maintain seamless exchange of data and funds among them. One of them is Optimism Network - a Layer 2 solution that is aimed to scale existing Ethereum Network layer.

Optimism Network utilities Optimistic Rollups in order to enhance the network's performance. It doesn’t always smile but does a very important task under the hood - the blockchain executes transactions off the chain and then batches transactions together before posting to Ethereum on mainnet. This ensures that the transaction confirmations typically take around 2 seconds and the throughput rates are up to 2,000 transactions per one second.

It’s no brainer why Optimism is such a requested and popular network at Symbiosis. Little we knew how fast users would become “so optimistic” and engage more with our Optimism Bridge on Mainnet

HOT: Optimism bridge - statistics and milestones

Let’s dive into some interesting data to reflect on the strong positions Optimism currently holds at Symbiosis.

Three-figure growth of Optimism mainnet

As for the place among other supported networks by Symbiosis, Optimism Mainnet frequently enters the chart of most popular blockchains within our protocol. Here are the top things you should know about Optimism at Symbiosis.

• In 2024 we managed to record the growth of 276,6% in the amount of funds processed to and from Optimism Mainnet via our protocol. Read one more time - almost 300% growth, comparing April 2024 with January. Phenomenal.

• Regarding the number of transactions, our Optimism Bridge takes news heights as well. Users have doubled that metric and achieved a 219% increase in the number of cross-chain and on-chain exchanges performed in April versus January this year.

Detailed breakdown of Optimism statistics

In case you’d like to have a detailed breakdown of the Optimism growth statistics, refer to the following:

Amount of cross-chain and on-chain swap and bridge operations with Optimism Mainnet:

• January 2024: equivalent of $3,09 million

• April 2024: equivalent of $8,54 million

Number of cross-chain and on-chain transactions from and to Optimism processed by Symbiosis Protocol:

• January 2024: 5321 operations

• April 2024: 11015 operations

Amazing results, and there’s definitely more space to grow! With more networks coming to Symbiosis Protocol and WebApp, more routes for swaps and bridging will become available to assets on Optimism Mainnet.

More on them - right below