🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Optimism Surpasses Arbitrum in Daily Transactions Following Worldcoin Launch

Published 28/07/2023, 07:16
Optimism Surpasses Arbitrum in Daily Transactions Following Worldcoin Launch
ETH/USD
-

  • Optimism has topped rival blockchain Arbitrum in daily transactions for the first time since January.
  • Optimism’s recent Bedrock update and the release of Worldcoin on the Optimism blockchain led to this achievement.
  • Arbitrum is still ahead of Optimism in terms of total value locked and active users.

Ethereum layer 2 scaling solution Optimism has surpassed rival blockchain Arbitrum in terms of daily transactions. Optimism topped Arbitrum’s transactions for the first time in six months. Optimism’s recent bedrock update and the launch of Sam Altman’s Worldcoin on Optimism have been identified as the drivers behind the network’s increased transactions.

According to data from CryptoRank, Optimism clocked more than 887,000 transactions on July 25, 2023. Arbitrum’s transactions came in at 630,534 at the time, marking a difference of more than 25%. Arbitrum has been the dominant network in terms of daily transactions since January this year. Optimism’s average transaction fee today was 9% higher than that of Arbitrum.

Worldcoin, the widely anticipated crypto project by OpenAI founder Sam Altman, launched its WLD token on Optimism mainnet on July 24, …

The post Optimism Surpasses Arbitrum in Daily Transactions Following Worldcoin Launch appeared first on Coin Edition.

The post Optimism Surpasses Arbitrum in Daily Transactions Following Worldcoin Launch appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.