Impact of Optimism on the future of DeFi

DeFi has grown tremendously over the past few years, and 2023 is expected to be a pivotal year for the DeFi ecosystem. With improved scalability, more mainstream adoption, clearer regulation, more DEXs, and new use cases for DeFi, the future of DeFi looks bright. I believe these are exciting times for the crypto industry, and DeFi is at the forefront of this innovation.

When it comes to Optimism after the Ethereum Merge UAW ratings on dapps this month’s Optimism has skyrocketed. They counter current trends in an adverse market and highlight a previously forgotten category on Web3, DeFi.

When I look at current DeFi and Optimism statistics I must say that I had great returns and yield as well on Flynt Finance.

I remember how Optimism saw a 228% increase in TVL from $274.46 million on July 1 to 902 $.74 million on August 31, making it “the best-performing cryptocurrency of the winter.” This happened during one of the most remarkable times in Web3’s history, after The Ethereum Merge.

I believe that the Optimism token plays a significant role in the development of DeFi on Ethereum. Thanks to its Layer-2 scaling, Optimism reduces costs and speeds up transaction processing for DeFi on Ethereum, making using DeFi on Ethereum more convenient for ordinary users.

It is necessary to monitor more new moves from this project since I think it has a bright future.