# Horus Cash Has Been Deployed on Optimism

By [Horus Cash](https://paragraph.com/@horuscash) · 2023-06-29

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**Buckle up and get ready for a ride on a new blockchain!**

The team has recently deployed Horus smart contracts on a new blockchain. Through a successful deployment ceremony, the protocol has newly settled on another Ethereum Layer-2. As of now, Horus Cash is actively spinning on [Optimism](https://www.optimism.io/).

And we are now available on Ethereum, BASE, Arbitrum and Optimism. Guess which is the next stop?

A few highlight
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Optimistic Ethereum (a.k.a Optimism) was launched in 2021 as a scaling solution for Ethereum applications. This blockchain acts as a Layer-2 allowing cheaper transaction fees. Its users have saved more than $275M in gas fees since its inception.

As Optimism doesn’t have any native token, everything is paid for in ETH within the network. Therefore, the network also offers a bridge solution on [gateway.optimism.io](https://gateway.optimism.io/welcome) to make the usage of Layer-1 (Ethereum) tokens possible.

As its name strongly suggests, Optimism uses the principle of Optimistic Rollups. 

This Layer-2 network is mainly used since November 12th, the day after the [release of its EVM equivalence: the Optimistic Virtual Machine](https://medium.com/ethereum-optimism/introducing-evm-equivalence-5c2021deb306) (OVM).

⚙️ An Ethereum Virtual Machine (EVM) is a decentralized computer that runs the execution & deployment of smart contracts. By introducing [OVM](https://medium.com/ethereum-optimism/ovm-deep-dive-a300d1085f52), [Optimism](https://www.optimism.io/) has brought a new level of compatibility within the Layer-2 ecosystem. The Optimistic Virtual Machine is equivalent to the EVM rather than just being compatible to it. It allows the implementation of a blockchain using Optimistic Rollups that acts just like the [Ethereum](https://ethereum.org/en/) main chain & offers a better interaction between the two layers.

Horus Cash 🤝 Optimism
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The deployment of Horus Cash smart contracts on [Optimism](https://www.optimism.io/) enables users to benefit from all advantages made possible by the use of a Layer-2, among which access to cheaper transactions.

Settling on [Optimism](https://www.optimism.io/) means joining an [extended & diversified network of applications](https://www.optimism.io/apps/all) that also use this Layer-2, going from DeFi protocols to blockchain tools.

Optimism in Few Figures 📊
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*   Optimism currently has a Total Value Locked of ~$780m. Optimism is [ranked 6st blockchain in terms of TVL according to DefiLlama.](https://defillama.com/chains)
    

![Data recorded at the end of June 2023 ](https://storage.googleapis.com/papyrus_images/b82d8cfa83f8e4852f9db90e537da6d23c3f7d43c72b21a522a4a96baf3496da.png)

Data recorded at the end of June 2023

**Optimism Network Daily Transactions Chart**

![](https://storage.googleapis.com/papyrus_images/819e8cdfe680d8c5a2abeb6e06b81ac6fe0b73733e9a8803e03b45e26a9a79d8.png)

*   **There are** [**over 3,5M unique addresses**](https://dune.xyz/Marcov/Optimism-Ethereum) **on Optimism.**
    
*   **With no native token, transactions fees on Optimism are in ETH. As a Layer-2, Optimism allows extremely low gas fees, especially compared to transactions on the Ethereum mainnet.**

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*Originally published on [Horus Cash](https://paragraph.com/@horuscash/horus-cash-has-been-deployed-on-optimism)*