Optimism flipped Arbitrum in transaction activity after a recent surge in users. noshitcoins investigates whether the network’s growth is sustainable.
that operates as a separate blockchain built on top of Ethereum. Despite having a smaller total value locked than its rivals, Optimism may still have the potential to thrive in the increasingly competitive decentralized finance landscape.
Consequently, the leaderboard of transactions and volumes constantly fluctuates based on demand, and each solution comes with its own advantages and drawbacks. Furthermore, the Optimism protocol has witnessed a surge in daily active addresses, with a 27.6% increase in 30 days, while Arbitrum’s activity has declined by 7.5%.This trend indicates a potential shift in dominance, although drawing conclusions prematurely would be unwise. Arbitrum’s main advantage lies in its much larger TVL compared to Optimism.
A pivotal moment for Optimism came with the launch of Coinbase’s sandbox on July 21, providing developers with a test environment to build and deploy new applications on this layer-2 solution. This initiative incentivizes the creation of new tools, applications and protocols, fostering growth and innovation.
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