November 23, 2024

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Optimism transaction volumes surpass Abitrum’s for the first time in six months

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Optimism transaction volumes surpass Abitrum’s for the first time in six months

The Optimism network has

From July 23-26, Optimism transactions increased even further, going from 490,500 to 809,070, an increase of nearly 65%, pushing Optimism into the top spot between the two networks. The final two days of this period coincided with the July 25 launch of Worldcoin on Optimism.

The recent surge in Optimism activity may also be influenced by the upcoming launch of Coinbase’s Base network, which its developers say will be connected to Optimism as part of an upcoming “Superchain.”

Despite winning the race for transaction volume, Optimism is still far behind Abitrum in terms of capital deposited into its contracts, also called total value locked (TVL). According to blockchain analytics platform DefiLlama, Optimism has only $923 million TVL, whereas Arbitrum has over $2 billion TVL.