Although the OP chain is Layer 2 of Ethereum, it is essentially a general-purpose public chain. Although it is not as developed as Arbitrum, the development of OP has never stopped. With the widespread application of OPStack, OP has gained More markets are paying attention, and the overall market value has been growing. As a constantly developing public chain, what are the leading project tokens on the OP chain? It is still worth paying attention to. According to the data analysis of the schedule, its leading projects mainly include LINK, UNI, OP, AAVE, SNX, etc. Next, the editor will introduce to you the leading projects on the OP chain.
The leading project tokens on the OP chain include LINK, UNI, OP, AAVE, and SNX Wait, the following is a detailed introduction:
The current market value of LINK currency is 15,747,108,243 US dollars. LINK is an ERC20 standardized token based on the Ethereum blockchain and is used to pay Chainlink nodes. Operators to retrieve data from off-chain data, format data into a blockchain-readable format, perform off-chain computation and guarantee uptime. Chainlink tokens are used as part of running nodes to protect against bad actors.
The current market value is US$5,176,325,666. Uniswap is the first automatic market-making trading protocol built on the Ethereum blockchain. As early as promoting automatic exchange transactions between ETH and ERC20 token digital assets (supporting any ERC20 trading pair after the release of V2 version). Uniswap is fully deployed on the chain. Any individual user can freely deposit tokens for exchange and withdraw freely without the registration, identity verification and withdrawal restrictions of centralized exchanges.
OP’s market value is US$3,435,094,910. Optimism is a low-cost, efficient electronic payment secondary blockchain. Optimism Ecosystem is an overview of the applications and integrations in the Optimism ecosystem. Optimism solves the actual needs of developers and users. The Optimism Foundation is a non-profit organization dedicated to developing the Optimism Collective. OP is its native governance token and is mainly used for governance protocols.
The current market value of AAVE is US$1,528,362,151. Aave passed the improvement proposal (AIP1) and transferred the Aave platform token LEND to 100:1 ratio converted to AAVE.
Aave is an open source decentralized lending protocol that provides users with deposit and lending services. The deposit interest rate and lending interest rate of both borrowers and lenders are calculated algorithmically based on the platform's borrowing and deposit amounts, and the platform uses Chainlink's oracle to ensure the fairness of collateral prices.
SNX has a current market value of US$1,188,040,071. It is a token designed by Synthetix (formerly: Havven) for engineers to build a decentralized and trustless network. The Synthetix Network Token (SNX) token supports a variety of comprehensive assets, including U.S. dollar-pegged fiat currencies, precious metals, indices and even cryptocurrencies.
OP chain is Ethereum’s layer 2 scaling solution. It aims to reduce the load on the Ethereum network and is designed to be equivalent to the Optimism Rollup chain of the Ethereum Virtual Machine (EVM).
The main feature of the OP chain is to make transactions on Ethereum applications very cheap. By moving transactions from a blockchain to another blockchain, the miner fees are greatly reduced and the throughput is also reduced. increased. At the same time, it provides Ethereum developers the opportunity to use all the tools available on Ethereum without making changes.
OP chain is designed to allow users to send arbitrary messages between OP chain and smart contracts on Ethereum. This makes it possible to transfer assets, including ERC20 tokens, between the two networks. The exact mechanism by which this communication occurs depends on the direction in which the message is sent. The OP chain uses a standard bridge to allow users to deposit assets (ERC20 and ETH) from Ethereum into the OP chain, and allows the same assets to be withdrawn from the OP chain back to Ethereum. Standard Bridge consists of two main contracts: L1Standard Bridge (for layer 1) and L2 Standard Bridge (for layer 2).
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