With the development of blockchain technology, we are moving from the era of single-chain islands to the era of multi-chain collaboration. What does this mean? It means that multiple chains collaborate through a unified OP Stack to achieve cross-chain links of funds and information. This technological advancement has not only brought revolutionary changes to the industry, but also raised new challenges and opportunities.
1. Scale effect
The high cost of technical infrastructure has always been unaffordable for many startups. However, in the architecture of a multi-chain network, the fixed technical infrastructure costs are borne by OP. As more participants use it, the quality of the OP stack is improved. This model of centralized cost-sharing and decentralized benefits provides more companies with opportunities to enter the blockchain field. At the same time, it reduces the cost of technical maintenance and increases the attractiveness of the L2 solution, which is undoubtedly a huge advantage for small development teams and startups.
2. Community of interests
The giants of the Web3 industry have gradually realized that going it alone is not the best option. Joining the OP ecosystem means that they can jointly promote the development of technology, users, developers and other fields. This kind of ecosystem cooperation brings more stability and sustainability to the development of the industry. When everyone moves forward around the same goal, the speed and direction of the entire industry will be better guaranteed.
3. The power of data support
The comparative data between OP and ARB provides us with intuitive evidence. Whether it is active addresses, L2 profits, number of interactions or on-chain funds, OP has shown strong vitality and growth potential. These data not only prove OP's technical and commercial advantages, but also provide a strong basis for investors.
1. Number of monthly active addresses: OP/ARB’s monthly active addresses have increased from a low of 32.1% to 73.6% today.
2. Monthly L2 profit: OP/ARB’s L2 profit has increased from a low of 16.4% to 100.2% today (surpassing)
3. On-chain funds: OP/ARB’s on-chain TVL has increased from 1/3 of the low point to 1/2 of the current level
The TVL of funds on the OP chain was about 2 billion in March and is currently about 3 billion
The TVL of ARB on-chain funds was around 6 billion in March (reaching a peak of 7 billion), and is still around 6 billion at present
4. The charm of valuation
Corresponding to the growth of OP's business data, the valuation of OP's main chain is becoming more and more attractive. This increase in valuation is not just an increase in numbers, but also a reflection of the market's confidence in OP's technology and business model.
P/E (circulating market capitalization/annualized profit of L2): Taking the last week’s Revenue as the calculation base, OP’s PE has fallen below 80, and ARB is 113. This is despite the significant strength of OP’s price in recent months. This is achieved as the circulation continues to unlock and increase.
5. New impetus for OP ecosystem
The OP ecosystem has been further strengthened with the addition of new business partners. These new partners have brought new users, new transactions and new opportunities to OP, jointly promoting the prosperity and development of the OP ecosystem.
9Niu’s view: OP Stack super chain network has shown great potential and prospects. Standing in the era of Web3, we expect these technologies to bring more innovation and opportunities to the entire industry. When we look back at history, we may find that today’s choice is tomorrow’s opportunity.
