Optimism Mainnet Growth at Symbiosis - Bridge Milestones and Review

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 👇

Optimism Bridge at Symbiosis - What’s In The Store

There are so many routes that are available for funds on Optimism in our protocol. As we provide cross-chain and on-chain routes for seamless and fast exchange of tokens, users interact with a big scope of supported assets on Optimism Mainnet. 

For example, OP Token and many Stablecoins (including USDT, USDC and more) on Optimism are available for the swaps and bridging. By activating cross-chain protocols at Symbiosis, we manage to enable lots of popular and rare routes at the same time: USDC on Optimism - BTC, OP - ETH on supported EVM networks, and more.

Looks like the list can be very long - take a look at available pairs for tokens on Optimism Mainnet to bridge them in our Symbiosis WebApp.

For those who interact with Symbiosis for the first time, we prepared a full detailed guide on how to bridge your tokens to and from Optimism Mainnet. Read it here!

One Last Question to You

You know how much we love numbers and statistics, and we try to choose the most popular networks to review and report on. We want to know what other networks you’d like us to present over next time!

Visit our Discord and Telegram Communities and leave your suggestions in the chats.

Let’s stay friends online and keep in touch - there’s more to come in the future!

• Optimism Bridge

• Symbiosis Docs

• Symbiosis DAO