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

The Optimism web has surpassed Arbitrum successful transaction measurement for the archetypal clip successful six months, according to July 27 information from blockchain analytics level Artemis. Both networks are furniture 2s of Ethereum that usage optimistic rollup technology, which compresses and batches transactions earlier submitting them to Ethereum, perchance lowering transaction fees.

Optimism fell down Arbitrum based connected measurement successful January, arsenic play 1 of its “quest” diagnostic ended. However, it recovered the apical spot connected July 25 arsenic Worldcoin launched.

Data from Artemis shows that the networks had akin levels of transaction measurement from August to December 2022. In December, Optimism pulled up of Arbitrum but fell down again successful January. This coincides with play 1 of Optimism’s “quest” feature, which rewarded users for performing assorted on-chain activities. Arbitrum besides saw a melodramatic summation successful measurement successful March, erstwhile it launched its Arbitrum (ARB) token and airdropped it to users.

Logarithmic illustration of regular transactions for Optimism and Arbitrum. Source: Artemis

In June, Optimism implemented its Bedrock upgrade to little transaction fees, resulting successful a 67% surge successful transaction volume. Still, Artemis information shows that this surge was not capable to overtake Arbitrum astatine that time.

Related: Worldcoin motorboat connected Optimism divides sentiment — crypto assemblage has its say

From July 23-26, Optimism transactions accrued adjacent further, going from 490,500 to 809,070, an summation of astir 65%, pushing Optimism into the apical spot betwixt the 2 networks. The last 2 days of this play coincided with the July 25 motorboat of Worldcoin connected Optimism.

The caller surge successful Optimism enactment whitethorn besides beryllium influenced by the upcoming motorboat of Coinbase’s Base network, which its developers accidental will beryllium connected to Optimism arsenic portion of an upcoming “Superchain.”

Despite winning the contention for transaction volume, Optimism is inactive acold down Abitrum successful presumption of superior deposited into its contracts, besides called full worth locked (TVL). According to blockchain analytics level DefiLlama, Optimism has lone $923 cardinal TVL, whereas Arbitrum has implicit $2 cardinal TVL.