Arbitrum and Optimism

While the market is blushing again, let's remember what we are here for - technology, of course. We can, for example, compare the performance (https://ignasdefi.substack.com/p/optimism-vs-arbitrum-the-battle-for) of Optimism and Arbitrum to conclude: both are gem.

💲 Money.

Optimism has raised $178 million and is valued at $1.65 billion. Arbitrum has raised $143 million and is valued at $1.2 billion. Top VCs like Pantera and Coinbase have invested in both protocols.
OP's current capitalization is $634.4 million with an FDV of $8.68 billion.

🛠 KPI.

TVL Arbitrum One is nearly twice as high as Optimism, ~1 billion vs. ~2 billion according to DefiLlama. L2Beat shows figures of $1.6 billion and $3.1 billion, respectively.
That said, Arbitrum is now the leader in terms of number of transactions and one day even surpassed Ethereum.
The number of Optimism transactions has dropped significantly since the end of the quest campaign.
Arbitrum is also leading by the number of active addresses, although the gap is not critical and sometimes changes to the opposite.
The average cost of a transaction in Arbitrum is lower, about 30 cents compared to 36 cents in Optimism.
TVL and the number of projects on both networks are growing faster than on any other smart contract platform.

🚀 Catalysts.

In mid-2023, the Ethereum EIP-4844 (proto-dunksharing) upgrade is expected to see commissions on both networks drop by a factor of ten.
The main upcoming Optimism upgrade is called Bedrock and is scheduled for April.
Coinbase's recently launched L2 blockchain is built on Optimism. Coinbase will be involved in further development of the technology stack as well.
The main catalyst for Arbitrum is the release of a token, which, if successfully launched, will cement the success of the network.
Arbitrum's second network, called Nova, is used by Reddit for its community program. Nova beat out Solana, StarkWare and Polygon.

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