DeFi protocol Synthetix launches Optimistic Rollup demo to test smart contract scalability

The team behind Open finance protocol Synthetix joined up with Ethereum layer-2 research group Optimism for a demo built on the Optimistic Virtual Machine (OVM)OVM is the virtual machine for the Optimistic Rollup, an Ethereum Layer-2 scaling solutionThe demo demonstrated how the new setup can reduce oracle update latency by 37.5 times and exchange latency by 75 times