🔴 OPTIMISM IS ONE OF THE BEST L2, BUT THE OP TOKEN LACKS UTILITY 1) @Optimism has achieved a lot. It has managed to bring on board such names as Base, World Chain, Unichain, Ink, Swell, Zora, Polynomial, BOB, Derive Chain, Cyber, Soneium, Mode, and others is truly commendable. OP Stack is the best today. @arbitrum is trying to compete here, with Robinhood, Xai, ApeChain, and Kinto on board. But still, there are far fewer names here. Let's give Optimism credit for that! But in light of the emergence of the ambitious @LineaBuild chain with a deflationary token in this niche, which I wrote about in my last post, @jinglejamop, @ben_chain, and @karl_dot_tech, it's time to think about the utility of the $OP token. We can't ignore the $LINEA buyback & burn if we don't want to lose! @ethereumJoseph is changing the rules of the game! It is fair to say that Optimism has incentive rewards, where each OP Chain in the Superchain transfers a portion of its revenue back to the Optimism Collective through a fee distribution that is enforced across the entire network. The fee split is calculated as the greater of either 2.5% of chain revenue or 15% of onchain profit, defined as fee revenue minus L1 gas fees. But in this case, revenue is distributed to public goods, where only a group of individuals who meet the criteria benefit, and all $OP token holders gain nothing from this.
