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The Value of Optimism

May 5, 2022 ⋅  13 min read

The Optimism airdrop and ecosystem incentive program will kickstart a new era for Ethereum scaling solutions. Perpetual Protocol, Uniswap, and Synthetix are the largest applications on Optimism and dominate transaction activity and TVL. The network generates revenue through its sequencer. OP tokenholders share governance rights with the Citizens’ House but maintain enough control over the network to accrue value. Per our valuation model, Optimism should be a top 20 crypto asset at launch with a market cap of $~9 billion.

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Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.

Mentioned in this report

About the author

Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.

Mentioned in this report