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It's been about two months since we last pitted the scaling rivals #arbitrum and #Optimism against each other. ๐Ÿ‘‰ https://twitter.com/M3TA_Analytics/status/1702267673588162756 Time to check in and see how they're holding up in this mini bullrun! NETWORK COMPARISON 1๏ธโƒฃ Active Users Arbitrum maintains a robust user base and steady transaction counts, while Optimism's RetroPGF 3 faces a decline in both users and transactions. ๐Ÿ’ก But as a roll-up solution, Optimism is doing a solid job of keeping those fees nice and low, just like Arbitrum. ๐Ÿš€ 2๏ธโƒฃ TVL & Daily New Contracts Arbitrum is thriving with increased Total Value Locked (TVL) and a hot streak, while Optimism's TVL is declining despite a surge in new contracts attributed to Worldcoin's "orb scan." 3๏ธโƒฃ Daily L2 Transaction Fees, L1 Security Costs, and Profits to the Network Arbitrum continues to lead in terms of L2 Transaction Fees, L1 Security Costs, and Profits when compared to Optimism. You can refer to the source: https://twitter.com/M3TA_Analytics/status/1720031185756459339 Charts from ๐Ÿ“ our Optimism dashboard: https://m3talab.io/reports/optimism-network-monitoring ๐Ÿ“ our Arbitrum dashboard: https://m3talab.io/reports/arbitrum-network-monitoring #BinanceSquare

It's been about two months since we last pitted the scaling rivals #arbitrum and #Optimism against each other.

๐Ÿ‘‰ https://twitter.com/M3TA_Analytics/status/1702267673588162756

Time to check in and see how they're holding up in this mini bullrun!

NETWORK COMPARISON

1๏ธโƒฃ Active Users

Arbitrum maintains a robust user base and steady transaction counts, while Optimism's RetroPGF 3 faces a decline in both users and transactions.

๐Ÿ’ก But as a roll-up solution, Optimism is doing a solid job of keeping those fees nice and low, just like Arbitrum. ๐Ÿš€

2๏ธโƒฃ TVL & Daily New Contracts

Arbitrum is thriving with increased Total Value Locked (TVL) and a hot streak, while Optimism's TVL is declining despite a surge in new contracts attributed to Worldcoin's "orb scan."

3๏ธโƒฃ Daily L2 Transaction Fees, L1 Security Costs, and Profits to the Network

Arbitrum continues to lead in terms of L2 Transaction Fees, L1 Security Costs, and Profits when compared to Optimism.

You can refer to the source: https://twitter.com/M3TA_Analytics/status/1720031185756459339

Charts from

๐Ÿ“ our Optimism dashboard: https://m3talab.io/reports/optimism-network-monitoring

๐Ÿ“ our Arbitrum dashboard: https://m3talab.io/reports/arbitrum-network-monitoring

#BinanceSquare

Disclaimer: Includes third-party opinions. No financial advice.ย See T&Cs.
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๐ŸŸช A Polygon zkEVM Giga Update ๐ŸŸช 1๏ธโƒฃ Community Event: Polygon is currently hosting zkEVM Saga, an event akin to Arbitrum Odyssey. The aim is to foster engagement and support for the chain, offering rewards. Participants in Polygon zkEVM receive NFTs, and there're rumors that these might be a criterion for an upcoming airdrop. Week 4 has kicked off: https://x.com/0xPolygonDeFi/status/1722626358885683622?s=20 2๏ธโƒฃ Chain Dynamics: Despite zkEVM's TVL currently below its peak, the chain has witnessed a remarkable surge in volume, soaring over 3,800% compared to 30 days ago, as reported by IntoTheBlock. However, despite hints from Polygon CEO Sandeep Nailwal about a potential airdrop, the chain hasn't gained as much traction compared to other L2s. 3๏ธโƒฃ โ€œHotโ€ Updates: ๐Ÿ”ธ OKX Exchange is utilizing Polygon CDK to construct X1, a ZK-powered Layer 2 network. ๐Ÿ”ธ Immutable zkEVM, powered by Polygon, is set to launch its mainnet at the end of this year. Additionally, Immutable has recently partnered with the gaming company Ubisoft. ๐Ÿ”ธThe Ethereum mainnet has commenced the $POL upgrade. 4๏ธโƒฃ Village Community Grants (total 300k MATIC): ๐Ÿ”ธ BUIDL on Polygon #1 Village Community Grant Round by Giveth (170k MATIC): For creators and projects contributing to Polygon's growth. ๐Ÿ”ธ Infra on Polygon Village Community Grant Round by gitcoin (130k MATIC): Focused on projects developing infrastructure in the Polygon ecosystem. 5๏ธโƒฃ A Fertile Ground For Success ๐Ÿ”ธ Many major Web2 brands are trusting Polygon as the fertile ground for their Web3 expansion. ๐Ÿ”ธ Blockchain games choose Polygon as a place to grow. ๐Ÿ”‘ Key Takeaways: ๐Ÿ“ˆ Through sustained marketing initiatives and events, Polygon has garnered user attention, leading to an uptick in daily active users and transaction countsโ€”positive outcomes. ๐Ÿ“‰ These developments also increase the fees which impacts Polygon's Sequencer profit, resulting in a negative number. ๐Ÿ“ For further details, view this EP of our M3TA Investigation: https://twitter.com/M3TA_Analytics/status/1724350454287798285 #POL #Pol #Ethereum #zkEVM $MATIC
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