Try Quests to earn AXLOptimism + Axelar Bridge Analysis
How many unique Ethereum addresses have used both Optimism and 1 or more of the Axelar bridges?
How many have used both Optimism and the Ethereum <> Osmosis bridge specifically?
Of the group of addresses that have used both Optimism and 1 or more Axelar bridges, how many have used DEXs like Osmosis, Uniswap or Velodrome?
How many have provided liquidity (LP) to earn yield on these DEXs?
What Is Ethereum?
At its core, Ethereum is a decentralized global software platform powered by blockchain technology. It is most commonly known for its native cryptocurrency, ether (ETH).Ethereum can be used by anyone to create any secured digital technology. It has a token designed to pay for work done supporting the blockchain, but participants can also use it to pay for tangible goods and services if accepted.
Ethereum is designed to be scalable, programmable, secure, and decentralized. It is the blockchain of choice for developers and enterprises creating technology based upon it to change how many industries operate and how we go about our daily lives.
It natively supports smart contracts, an essential tool behind decentralized applications. 1 Many decentralized finance (DeFi) and other applications use smart contracts in conjunction with blockchain technology.
Learn more about Ethereum, its token ETH, and how they are an integral part of non-fungible tokens, decentralized finance, decentralized autonomous organizations, and the metaverse.
Read more: https://www.investopedia.com/terms/e/ethereum.asp
Axelar Project
Axelar provides a decentralized network and tools that help connect dApp builders with multiple blockchain ecosystems, applications, and users for frictionless cross-chain communication. Axelar consists of a protocol suite, tools, and APIs, designed to break down the barriers to cross-chain communication. Powered by a decentralized open network of validators; anyone can join the network, use it, and build on it.
The Axelar network makes cross-chain communication as simple as using HTTP/HTTPS protocols on the web. Platform developers can plug-in their blockchains to other ecosystems, and application builders can leverage a simple protocol and API to access global liquidity and communicate with the entire ecosystem. The Axelar team has deep roots in distributed systems, consensus, and cryptography. The venture is backed by Binance X, Coinbase Ventures, DCVC, Lemniscap, Collab+Currency, North Island Ventures, Divergence Ventures, Cygni Labs, and others.
Read more: https://moonbeam.network/community/projects/axelar/
What is Optimism?
Optimism speeds up transactions on Ethereum at a fraction of the cost of a usual on-chain transaction. This is achieved by a technology that is called optimistic rollups which is bundling multiple transactions “rolling them up” into one transaction and settling them on another blockchain. Optimism is a so-called layer-2 scaling solution.The name of the protocol stems from the fact, that all validators assume optimistically that all transactions that have been bundled are valid. Validators have one week time to check the entire rollup for any fraudulent transactions.
It is estimated that this technology is reducing fees on the Ethereum blockchain by over 100 times compared to a standard on-chain transaction. Optimism was introduced in 2019 but its mainnet just started in December 2021, which is the reason why this solution hasn’t become popular yet.
