In an unprecedented event since the start of the year, Optimism (OP) has taken the lead over Arbitrum (ARB) in the race for daily transaction count. This occurrence marks the first time Optimism has surpassed its competitor, an Ethereum (ETH) scaling solution, in this specific parameter.
Record High Transactions for Optimism
The surge in Optimism’s network to nearly 945,000 daily transactions this week is a clear indication of the project’s growing popularity. This increase is likely the result of the recent introduction of Worldcoin (WLD), a new digital identity blockchain project that transitioned to the Optimism mainnet the previous week. In contrast, Arbitrum’s daily transaction count remained between 600,000 and 700,000 throughout the week.
Before this surge, Arbitrum consistently outperformed Optimism for over half a year. Now, the tables have turned, with Optimism taking the lead.
Worldcoin’s Impact on Optimism’s Surge
Worldcoin, co-founded by Sam Altman of Open AI, is a high-profile and somewhat controversial project. It utilizes iris scans in conjunction with a physical hardware known as “Orbs” to generate unique digital identities. Currently, France’s privacy watchdog, CNIL, is reportedly investigating the legality of Worldcoin’s biometric data collection.
At the time of writing, Worldcoin is trading at $2.22. It has seen a nearly 6% increase in the last 24 hours, placing it as the 136th-ranked crypto asset by market cap.
Comparing Optimism and Arbitrum’s Performance
As for Optimism and Arbitrum, they are trading at $1.48 and $1.17 respectively. While Optimism has experienced a slight decrease of 1.35% in the last 24 hours, Arbitrum has seen a minor increase of 0.36% during the same period.
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Note: Investing in cryptocurrencies and digital assets involves risk. It is advisable to do your own research and consider your risk tolerance before making any investment decisions.
