Metronome now supports Optimism, a Layer 2 solution

Optimism, which is an upcoming layer 2 solution, has been incorporated into Metronome. With the assistance of Metronome Synth and Smart Farming, all DeFi users will be able to execute efficient and economical formulas. This will, in turn, expose them to reduced network fees and provide them with quicker transactions. In addition, the positioning of Metronome Synth and the release of Smart Farming have had an impact on the aggregate gas fees for Ethereum DeFi applications.

Since its launch in December 2021, Optimism has provided consumers with faster speeds and lower prices. It has been designed to serve as a Layer 2 solution on Ethereum, taking into account obstacles to the network’s upgradability and finding appropriate solutions to them. With the efficient utilization of its Rollups, the organization is able to increase transaction throughput while simultaneously reducing gas fees significantly. Consequently, many of the challenges are automatically met.

The highlighting feature of Optimism is that it can get rid of most of the workload off-chain, all the while holding on to a great deal of safety aspects as well as decentralization. This has helped to open the doors for the entity to make its mark in the Ethereum ecosystem, thus bringing about greater capability and low-cost times related to DeFi. 

Metronome is proficient in providing users with connectivity to artificial assets with immediate effect, no matter how new an entrant they may be. With the incorporation of the Optimism chain, they have been instrumental in backing the robust DeFi ecosystem and onboarding more hesitant users. With Smart Farming on Optimism, expenses will continue to decline, which will benefit users.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

Related Articles

Back to top button