{"id":28907,"date":"2022-06-02T15:18:52","date_gmt":"2022-06-02T19:18:52","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=28907"},"modified":"2022-06-02T15:18:57","modified_gmt":"2022-06-02T19:18:57","slug":"balancer-goes-live-on-optimism-network","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/balancer-goes-live-on-optimism-network\/","title":{"rendered":"Balancer goes live on Optimism Network"},"content":{"rendered":"\n
Balancer, an automated market maker (AMM) and decentralized finance (DeFi) protocol, has gone live on Optimism<\/a>, Ethereum's layer-2 scaling solution.<\/h5>\n\n\n\n
\"Balancer
Balancer goes live on Optimism Network<\/figcaption><\/figure>\n\n\n\n

Balancer deployed optimism in collaboration with Beethoven X, a decentralized investment platform on the Fantom Network<\/a> that forked from Balancer v2.<\/p>\n\n\n\n

Both teams are claimed to have worked together to create a decentralized exchange that will compete in the Optimism ecosystem.<\/p>\n\n\n\n

According to Balancer Labs CEO Fernando Martinelli, the Optimism deployment illustrates the company's view that layer-2 scaling solutions will be beneficial in decreasing transaction prices and network congestion.<\/p>\n\n\n\n

Optimism is a layer-2 scaling solution for Ethereum that aims to make transactions faster and cheaper. Optimistic Rollups, a scaling method that runs in parallel with the main Ethereum chain, is supposed to support all decentralized apps on Ethereum\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

According to industry data, Optimism currently has approximately $320 million in total value locked (TVL) on its chain from 38 projects. In late April, its TVL surpassed $510 million. In terms of overall network value, it is now ranked 19th.<\/p>\n\n\n\n

\"\"
Optimism has seen its network activity declined considerably over the past two months. Source: DeFiLlama<\/figcaption><\/figure>\n\n\n\n

The number of projects launched on Optimism has risen dramatically in recent months, owing in part to expectations that the network might airdrop new tokens.<\/p>\n\n\n\n

Users aiming to position themselves for the OP governance token airdrop<\/a>, which will occur in many phases, have noticed an increased demand for Optimism. According to reports, almost 250,000 addresses are eligible for the airdrop.<\/p>\n","protected":false},"excerpt":{"rendered":"

Balancer, an automated market maker (AMM) and decentralized finance (DeFi) protocol, has gone live on Optimism, Ethereum’s layer-2 scaling solution. Balancer deployed optimism in collaboration with Beethoven X, a decentralized investment platform on the Fantom Network that forked from Balancer v2. Both teams are claimed to have worked together to create a decentralized exchange that […]<\/p>\n","protected":false},"author":12,"featured_media":28911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-28907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-15.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=28907"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/28911"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=28907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=28907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=28907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}