#openledger $OPEN
just spent time going through how openledger's EVM bridge actually works and something clicked that i had not thought about before i always assumed bridging meant moving tokens between chains and dealing with wrapped versions that do not behave like the original. the openledger bridge doesn't work like that.
it uses the OP Stack Architecture. OPEN tokens are locked in the OptimismPortal contract on L1 then minted on L2 upon deposit finalization. on withdrawal OPEN is burned on L2 and unlocked on L1. no wrapped token sitting in the middle. The same OPEN that exists on Ethereum is the gas token on openledger's L2 same token different layer No behavioral difference.
what i am still thinking about is how this affects liquidity fragmentation across chains. bridging usually splits attention and volume. whether openledger's design actually consolidates that or just moves the problem is something i am watching.