There’s a lot going on in the Optimism universe. Here’s how to find, track, and decipher the best bits from the OP ecosystem.

Like a majestic coral reef, the Optimism ecosystem is teeming with life. From minnows to whales and sharks to clown fish, players great and small can be found plying their trade on Optimism’s L2 rollup, where there’s $1.75 billion locked. The Cielo web app and bot capture all of this action as it unfolds in near-real time.

If Optimism is the reef, Cielo is the submersible that allows intrepid explorers to get up close and examine the diverse array of life. And not just to observe it, but to act upon it, decoding the transactions executed on Optimism and taking +EV action. From finding new communities to join to identifying new tokens to trade, Cielo’s intelligent labeling demystifies the daily activity and opportunities that emerge on Optimism.

Reading Optimism Using Cielo

Block explorers contain a wealth of information, but interpreting it accurately is extremely difficult. For example, this is a recent onchain tx that occurred on Optimism. Can you decipher what happened here?

Unless you’ve spent serious time in the DeFi trenches, it’s not at all intuitive. View the same transaction in Cielo, however, and you see this:

Straight up a few things become apparent:

• The user’s nickname

• The fact they were taking out a loan

• The amount they borrowed

• Their subsequent health score

• The tx they executed immediately afterwards as part of the process

That’s what Cielo brings to the mix. It takes the guesswork out of onchain transaction monitoring, forming a human-readable interpretation layer for web3. But what exactly can you view on Optimism using Cielo?

What to Observe on Optimism

The first thing you can track on Optimism is tokens. Take a particular token, such as OP, enter its smart contract address into Cielo using the Add Wallets button and set a minimum USD threshold for swaps. You’ll now receive an alert within the Cielo web app anytime OP is traded in excess of your US minimum. If you’re using the Cielo Wallet Tracker bot, you can also receive a Telegram alert for the same tx.

This isn’t just good for existing tokens, either: you can enter the contract address of a newly created Optimism token; say a memecoin that’s about to launch or a new DeFi protocol. Then, you can set up Swap or LP Add alerts in Cielo so you receive a notification as soon as the token starts trading.

Now let’s talk specifics and detail some of the protocols that Cielo labels on Optimism to aid comprehension of the transactions in question.

Among the hundreds of protocols tracked and labeled by Cielo, you can find the following on Optimism:

• Velodrome

• Synthetix

• Pika

• Overtime Markets (sports betting)

• Uniswap

• AAVE

• Beefy

• Stargate

• Sonne Finance

Type VELO into the search bar in your Cielo feed, for example, and you’ll be shown recent transactions involving the VELO token. Or simply select Optimism from the Tx Types & Chains dropdown and your feed will fill with recent activity on Optimism for wallets you’re following.

Cielo also labels Optimism protocols such as sports betting service Overtime, futures exchange Perpetual Protocol, and perpetual swap service Pika Protocol. Not only does this make it easier to see which protocols traders are interacting with, but you can view the type of trade such as a leveraged long, short, or specific sports bet.

Getting Granular on Optimism

If you’re looking to build a list of wallets belonging to Optimism power users, Cielo can help there too. Using an Optimism block explorer, you can pull up a list of top holders for a particular token such as OP. Add the largest OP holders to a custom list and you now have an insight into what whales are up to on the Ethereum L2.

There’s a lot more you can do with the Cielo web app and bot on the 16 EVM chains Cielo supports. But that’s for another time. For now, just know that if it happens on Optimism, it happens in Cielo complete with accurate labeling, filtering, and tracking.