Ticker hub

$OP

20 pieces · May 2022 to Jun 2024 · 4 flagship

Sectors

L1/L217 Ethereum13 Other2 DeFi2 ZK1 Regulation1

Search every mention All tickers

Coverage per year

42022

132023

32024

Price and coverage

Optimism $OP

Calls: 2 bullish
Since first call, bullish: −89%
Since latest call, bullish: −93%
Now: $0.119

bullish thesis bearish thesis coverage, no call map, list or mentionWeekly closes in USD, log scale, as of 23 Oct 2026. Call figures turn cyan when the price moved the way the call pointed. Each marker links to its piece.

Start here · the strongest pieces on $OP

Thesis26 Oct 2023The Stack Wars: OP Stack, Polygon CDK and Arbitrum Orbit comparedArgues builders now choose tech stacks rather than chains. Compares OP Stack (optimistic, Superchain), Polygon CDK (zkEVM with proof aggregation layer and POL security) and Arbitrum Orbit (L2s need DAO approval, L3s permissionless), with adopters.Breakdown22 Oct 2023OP Stack breakdown: Bedrock, centralized sequencer risk and EVM-equivalent OVMTechnical thread from the Redacted OP report: the OP Stack's layered design, optimistic fraud-proof assumptions, and the fact that OP Mainnet then had no deployed state validation and a centralized sequencer without slashing. Notes Manta as a customization example.Explainer25 Sep 2023The OP Stack and the Superchain vision: Bedrock, proofs and open challengesLong-form walkthrough of the Superchain thesis: Bedrock's fee, deposit and node improvements, SystemConfig-based modular sequencing and DA, and open problems including trusted withdrawal attestors, challenge-period latency, async cross-chain messaging and L1 data limits.

Timeline · every piece, newest first

2024 3

28 Jun 2024Optimism Superchain explained: OP Stack, shared sequencing and RaaSExplains the OP Superchain: shared governance, sequencer revenue sharing and atomic cross-chain interop via a shared sequencer, plus the role of Rollup-as-a-Service providers. Argues OP is a multichain ecosystem, not just OP Mainnet, despite a 60% drawdown from its ATH.ExplainerL1/L2

01 May 2024Optimism Superchain thesis: OP Stack and the Stack WarsSummarizes Redacted Research's Superchain report: chains on the OP Stack opt into shared governance and sequencer revenue sharing, with a shared bridge and synchronous upgrades. Flags that no live fault proofs exist on mainnet yet, so users trust the centralized sequencer.BreakdownL1/L2Ethereum

21 Feb 2024Optimism Superchain deep dive: OP Stack, Bedrock and shared sequencingExplains the Superchain vision of OP Stack chains sharing sequencing with atomic cross-chain interaction, and Bedrock's upgrades: cheaper fees, 3-minute deposits, modular proofs (Cannon, future ZK), client diversity and configurable DA via SystemConfig.ExplainerEthereumL1/L2

2023 13

08 Dec 2023Optimism RetroPGF3: how it compares to Arbitrum STIP and what it means for OPArgues RPGF3 is similar to STIP as treasury funding (30M OP, over $60M vs about $70M for STIP) but retroactive and broader, so less mercenary farming and a smaller OP-season effect. Expects retroactive DAO funding to be a 2024 narrative.Market takeL1/L2Other

08 Dec 2023Optimism RetroPGF3 results: quorum outcomes and how grants are allocatedUpdate on RetroPGF3: all applications he backed reached quorum, 78% of applications passed and 502 projects qualified. Explains grant allocation, with up to 30m OP total and 5m per application, and median-based results.OtherEthereumOther

23 Nov 2023Proof of Alpha #20: Blast critique, hybrid zk fraud proofs and CZ plea dealNewsletter edition. Calls Blast a multisig-controlled deposit contract with no real L2 bridge and almost USD 200m in it, argues for hybrid zk fraud proofs as a cheaper stopgap before full validity rollups, and recaps the Binance settlement with $1.3B withdrawn.OtherL1/L2ZKRegulation

26 Oct 2023The Stack Wars: OP Stack, Polygon CDK and Arbitrum Orbit comparedArgues builders now choose tech stacks rather than chains. Compares OP Stack (optimistic, Superchain), Polygon CDK (zkEVM with proof aggregation layer and POL security) and Arbitrum Orbit (L2s need DAO approval, L3s permissionless), with adopters.ThesisL1/L2Ethereum

22 Oct 2023OP Stack breakdown: Bedrock, centralized sequencer risk and EVM-equivalent OVMTechnical thread from the Redacted OP report: the OP Stack's layered design, optimistic fraud-proof assumptions, and the fact that OP Mainnet then had no deployed state validation and a centralized sequencer without slashing. Notes Manta as a customization example.BreakdownL1/L2Ethereum

25 Sep 2023The OP Stack and the Superchain vision: Bedrock, proofs and open challengesLong-form walkthrough of the Superchain thesis: Bedrock's fee, deposit and node improvements, SystemConfig-based modular sequencing and DA, and open problems including trusted withdrawal attestors, challenge-period latency, async cross-chain messaging and L1 data limits.ExplainerL1/L2Ethereum

18 Aug 2023Is Metis still an L2 play for the next cycle?Argues Metis has strong tech innovation and low valuation, but off-chain data via Memolabs, an unfinished fraud-proof system, no escape hatch and a stagnating DeFi ecosystem leave it behind other L2s. Concludes it is not currently a top L2 pick.ThesisL1/L2

16 Aug 2023OP Stack Superchain: shared sequencing and atomic cross-rollup composabilityExplains how a shared sequencer across OP Stack chains can guarantee atomic cross-rollup transactions, making the Superchain feel like one logical chain. Notes limits since the sequencer does not execute transactions, and points to Shared Validity Sequencing.ExplainerL1/L2

19 Apr 2023Valuing protocols with Token Terminal financial statements and P/S, P/FShows how Token Terminal's standardized financial statements and P/S and P/F multiples let investors compare dApps and L2s TradFi-style, with Q2 2023 examples of apparent over and undervaluation.ExplainerToolingDeFi

17 Apr 2023Mummy Finance data dive: a GMX fork on Fantom and OptimismDune-based stats on Mummy Finance, a GMX fork: cumulative volume, revenue, users, TVL by chain, open interest, margin versus swap volume and MMY staking.DataPerpsDeFi

16 Apr 2023ARB vs OP relative valuation via market cap to TVLExplains mcap/TVL as a relative valuation tool and applies it: Arbitrum at 5 versus Optimism at 12, implying ARB may be undervalued relative to OP.DataL1/L2Ethereum

16 Apr 2023Arbitrum valuation vs Polygon and Optimism on price-to-feesUses P/F (FDV over annualized fees) from Token Terminal to argue Arbitrum still looks undervalued relative to Polygon and Optimism, and links a longer piece on ARB value.DataL1/L2Ethereum

08 Jan 2023Optimism Bedrock bull case: low fees, 4844 support and zk-proof pathBullish on the Bedrock upgrade: low tx fees, full upgradeability, proto-danksharding support, Ethereum-level security, and the ability to switch to zk proofs later.ThesisL1/L2Ethereum

2022 4

15 Sep 2022Rollup fees after the Merge: about 0.05 USD per tx on OptimismPuts Optimism tx costs at roughly 0.05 USD and argues that, post-Merge, rollup ecosystems can scale, with EIP-4844 reducing rollup fees by another 100x.Market takeEthereumL1/L2

06 Sep 2022State of Arbitrum, Sept 2022: users, TVL, fees and ecosystem dataData-driven look at Arbitrum with Token Terminal, Dune and L2BEAT numbers on active users, bridge flows, contract deployments, fees, TVL and ecosystem, concluding fundamentals are bullish with growth that is organic and token-free.DataEthereumL1/L2

02 Jun 2022Optimism Bedrock upgrade: EVM equivalence, Cannon and cheaper calldataReviews Optimism's EVM equivalence approach and what Bedrock adds: optimal calldata compression, separation of consensus and execution clients, EIP-4844 readiness, SnapSync and the Cannon fault proof system.BreakdownEthereumL1/L2

20 May 2022Ethereum L2 airdrop season guide: OP, HOP, ACX and what could come nextGuide to L2 airdrop farming after the Optimism and Hop token launches, summarizing allocation sizes and pointing to zkSync v2 testnet activity as the likeliest next candidate.ExplainerEthereumL1/L2

Often covered with

Optimism61 Arbitrum65 OP Stack12 L2BEAT14 Base28 Metis14 Bedrock5 Token Terminal9

Working together

Research, advisory and builds for deep-tech teams.

View CV A1 Research