- Optimism’s single-round fraud-proof left it at a disadvantage compared to Arbitrum.
- OP’s development activity fared better, but the TVL remained in ARB’s favor.
Layer Two (L2) scaling solution Optimism [OP] has announced a name change. According to the foundation’s official Twitter page, the chain is now called “OP Mainnet.”
Realistic or not, here’s OP’s market cap in ARB terms
Although there was no prior public knowledge of the action, Optimism noted the motivation behind the decision was to create a “Superchain.”
Is the “Superchain” key to lost regions?
This super chain would allow the project to seamlessly communicate with other chains. One chain that Optimism mentioned as involved was Coinbase’s open-source Ethereum [ETH] L2 Base.
Since launch, Optimism has maintained its stay as part of the top two Ethereum L2s. However, Arbitrum [ARB], which uses multi-round fraud proofs, has been outpacing its opposite number.
A key reason for this is Optimism’s use of single-round fraud proofs, which makes the network more expensive despite being faster.
As a result of Arbitrum’s cheaper nature, the daily active addresses on the chain surpassed that of Optimism. At press time, Artemis’ data showed that Optimism’s daily active addresses were 88,560.
On the other hand, the crypto analytics tracker revealed that Arbitrum was ahead with the metric at 161,830.
Author: Victor Olanrewaju
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