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Analysis of the status quo of L2 Will Optimistic Rollup be the best solution for Ethereum expansion?
Footprint
特邀专栏作者
2022-01-08 04:00
This article is about 3464 words, reading the full article takes about 5 minutes
The development of the public chain projects on Optimistic Rollup, except Arbitrum ecology is slightly richer, and several other ecology are in their infancy, and the infrastructure and ecological construction need to be continuously improved to attract

Data Sources:

Data Sources:Footprint Optimistic Rollup Dashboardhttps://footprint.cool/8utl

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Footprint Analytics:Metis TVL

Metis is a forked Layer 2 public chain network based on Optimism. In the current market where public chains are rampant, this was originally an unremarkable news, but behind it, the person in charge of the ecological DAC behind Metis is the founder of Ethereum. Natalia Ameline, the mother of God V. Not long ago, on October 26, 2012, V God made it clear that Layer 2 is the future of Ethereum expansion in his speech "The Road to Layer 2-centered Ethereum" delivered at the blockchain conference.

The V God family’s support and recognition of Layer 2 and Optimistic Rollup has brought people’s interest and attention to Layer 2, especially Optimistic Rollup, to a new level.

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Current state of Layer 2

Looking back on 2021, the Ethereum network runs more than 2,000 DApps, with nearly 140 million users. The prosperity of the ecosystem is accompanied by network congestion and ultra-high Gas Fees, which seriously affect everyone's use. As a sharp tool to solve the above problems of Ethereum,Layer 2image description

Footprint Analytics:Layer 2 TVLfrom

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Why can Optimistic Rollup stand out among several Layer 2 expansion solutions?

It is mainly the implementation of Optimistic Rollup technology, which can meet the needs of users for low Gas Fee, security, no need for trust, EVM compatibility, etc.; its goal is to reduce the time required to confirm transactions (currently subject to Ethereum’s 13-second block time), and increase transaction volume (the number of transactions that can be processed per second), thereby reducing Gas Fee. In the short term it will be a best practice in Layer 2 scenarios.

The technical solution of Optimistic Rollup is: fraud proof. The most important point of its technical solution is: it only sends transaction data to the main chain, thereby improving operational efficiency. Other calculations and state storage will not happen on the main chain, but will be transferred to Rollup, and the block producers and verifiers on Rollup will perform the calculation work.

In addition to considering operational efficiency, it is also very important in terms of anti-fraud and ensuring the safety of funds. The scheme assumes that at least one user will detect the fraud in time [within the challenge period (DTD)] and report it to the main chain, thereby ensuring the integrity of the system. When the challenge period of an Optimistic Rollup block (that is, a batch of Optimistic Rollup transaction data sent to the Ethereum blockchain) ends, the block is recognized as final.

In addition, Optimistic Rollup has one of its biggest attractions—EVM compatibility. For those DApp developers suffering from the congestion of Ethereum, this solution can keep the Solidity code unchanged, and the cost of DApp migration is low.

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Comparison of Optimistic Rollup’s Representative Public Chain Projects

Optimistic Rollup is one of the technical solutions of Layer 2. There are 4 public chain networks that have been launched:ArbitrumBoba NetworkOptimismand Metis Andromeda, a fledgling network whose TVL has soared recently. From the perspective of data, we can compare the status quo of these networks together.

  • Judging by TVL: Arbitrum is way ahead

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    Footprint Analytics: TVL of different Optimistic public chains

  • Judging from the TVL growth rate in the past 30 days: the new chain Metis is in full swing, with gratifying growth

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    Footprint Analytics:Layer 2 public chain network

  • From the perspective of ecological richness: Arbitrum has the most DApps, and Metis needs to work hard

Arbitrumimage description

Optimismimage description

    Footprint Analytics:OptimismTVL of different items

Boba Networkimage description

    Footprint Analytics:BobaTVL of different items

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This work is original by the author, please indicate the source for reprinting. Commercial reprinting needs to be authorized by the author, and those who reprint, extract or use other methods without authorization will be investigated for relevant legal responsibilities.

About Footprint Analytics:

Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.

Footprint Website: https://www.footprint.network

Discord: https://discord.gg/3HYaR6USM7

Twitter: https://twitter.com/Footprint_DeFi

Telegram: https://t.me/joinchat/4-ocuURAr2thODFh

Youtube: https://www.youtube.com/channel/UCKwZbKyuhWveetGhZcNtSTg

The above content is only a personal opinion, for reference and communication only, and does not constitute investment advice. If there are obvious understanding or data errors, feedback is welcome.

Copyright Notice:

This work is original by the author, please indicate the source for reprinting. Commercial reprinting needs to be authorized by the author, and those who reprint, extract or use other methods without authorization will be investigated for relevant legal responsibilities.

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The development of the public chain projects on Optimistic Rollup, except Arbitrum ecology is slightly richer, and several other ecology are in their infancy, and the infrastructure and ecological construction need to be continuously improved to attract
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