In a candid thread on X, Optimism's CEO and co-founder, Optimist Prime, opened up about the project's recent struggles and outlined a fresh strategy moving forward. The post, shared under the handle @jinglejamOP, pulls no punches in addressing what went wrong and how the team plans to turn things around.

Optimism, a popular Layer 2 scaling solution on Ethereum, has been a key player in the blockchain space. For those new to the term, Layer 2 refers to technologies built on top of Ethereum to make transactions faster and cheaper without compromising security. This is crucial for meme tokens, which often thrive on low fees and high speed—think of the viral pumps on chains like Base, which runs on Optimism's OP Stack.

The CEO admitted that the project "did too much and focused too little." They overhired without a clear plan, leading to a scattered approach. As a result, the OP token price has tanked. He referenced launching multiple chains such as Base, Ink, Unichain, Worldchain, and Soneium, but without the right operational backbone to sustain momentum in today's evolving market.

Quoting Sun Tzu, he noted, "Tactics without strategy is the noise before defeat." It's a reminder that even in crypto, where hype can drive short-term wins, long-term success needs solid planning. Optimism has faced challenges like regulatory hurdles and coordinating multiple organizations, but the CEO says it's time to move past excuses.

To adapt, the team has made tough decisions: letting go of talented staff, consolidating operations under one entity, and revamping engineering and sales teams. The new goals are straightforward:

• Build the most scalable financial infrastructure.
• Onboard enterprises and their assets to the blockchain.
• Boost the productivity of those assets.

This shift is timely, as enterprise adoption is heating up. Big companies are eyeing blockchain for real-world use, and competitors like Solana, Tempo, Arbitrum, and Avalanche are in the mix. But Optimism's edge? The OP Stack has already proven itself by scaling multiple enterprises successfully.

A big part of this experience comes from collaborating with Base, Coinbase's blockchain that's exploded in popularity—especially among meme token traders. Base has hosted countless meme launches, from dog-themed coins to cultural phenomena, thanks to its low costs and seamless integration.

Why do enterprises pick OP Stack? It meets their high demands for scale and reliability, far beyond typical Web3 standards. Plus, companies want to own their economics, not rent space on someone else's chain like "sharecroppers on Stripe's blockchain," as the CEO put it.

The vision for OP Stack emphasizes shared standards with chain autonomy, allowing customization without fragmentation. This could be a game-changer for meme tokens, as more enterprises onchain mean more liquidity, users, and opportunities for viral projects.

As Optimist Prime wraps up: "The starting gun is now. See you in the ring." It's a call to action in a competitive arena, and for meme insiders, this could signal bigger things for tokens on Optimism-powered chains.

For the full thread, check it out here. What do you think—will Optimism reclaim its spot at the top?