Optimism overwhelms with overwhelming demand from the beginning: "Scaling is difficult"

Optimism overwhelms with overwhelming demand from the beginning: “Scaling is difficult” – Mail Bonus

Ethereum layer-2 scale solution Optimism has been overtaken by “historic demand” following the launch of an avalanche that was expected on Wednesday.

Users competing to collect their tokens were greeted with unsuccessful or delayed transactions as the optimization team competed in the background to add additional capabilities to the network.

As previously reported in April, the optimism is to release the new governing symbols of the OP – in many stages – as well as to establish a decentralized independent organization (DAO) called “The Optimism Collective”.

Nearly 250,000 addresses can receive the airmail, qualifying for Optimism early users and regular Ethereum users, such as DAO voters, multi-sig signers and bridge users.

According to Optimism Status, the network experienced performance for about three and a half hours, with the team “providing more capacity” to solve the problem. As a result, the activity of the document node is temporarily limited until the network load is reduced.

Optimism announced on Twitter that it would take the lessons it learned from the first drop of air and apply them to the second round, while it will also publish a “comprehensive overview show next week” reporting what went down.

“Wow, what a day. OP Drop # 1 had a turbulent start, which we finally stabilized after more than five hours of non-stop work. ”

Twitter users, such as OlimpioCrypto, were the first to announce the airing earlier on Tuesday to their 35,400 followers, hours ahead of Optimism.

Currently, OP is available for trading on several centralized exchanges such as Coinbase, OKX, Bybit, Gate.io, MEXC Global, as well as the popular Uniswap distributed exchange.

Users compete to get a free public announcement token, the optimization team acknowledged that its network should have difficulty supporting demand:

“Sup sleuths — as you might have guessed, OP Drop # 1 is on the market today. We have NOT announced publicly yet, but we are already experiencing high demand. We knew everyone would be excited, but holy cow — you just could not wait for #OPSummer. “

“We are working to provide more capabilities before our official announcement is made – in the meantime, the RPC public could react slowly,” he added.

RPC (Remote Procedure Call) enables various applications, such as MetaMask or Uniswap, to communicate with Optimism and Ethereum and seems to have been a key factor in slowing down OP transactions.

Connected: Layer-2 recording could push for the next encryption time

Martin Köppelmann, founder of Ethereum Virtual Machine-compatible blockchain Gnosis, said he believes optimism is one of the “leading” projects to address Ethereum’s scaling issues, but that the reduction indicates that “size is difficult.

According to CoinGecko, the OP opened at $ 1.43 before rising to $ 2.10; However, prices have since fallen again to approx. $ 1.92, which means an increase of approx. 34%. To date, this volume has exceeded $ 169 million at the time of writing.