Ethereum scaling protocols Arbitrum and Optimism have gained significant momentum in transaction rates.
Arbitrum and Optimism, the emerging scaling protocols to improve and develop the Ethereum network, are growing due to the intense interest they receive. Both protocols managed to hit all-time highs in transaction rates in September.
Arbitrum and Optimism Intense Interest
The protocols continue to attract a lot of attention from crypto investors and the community. In the Ethereum scaling market share, Arbitrum ranks first with 50 percent. Optimism comes next with a 30 percent rate.
Scale-up platforms have seen a surge in network activity since the start of the year. Reaching the highest levels of all time, the platforms also started to compete among themselves. The only difference between the two companies was the cryptocurrency representing the platform.
Although there is no token announcement on the Arbitrum side that will be a platform token yet, Optimism announced it in April. Optimism token OP has received a lot of attention from crypto investors.
According to analysis by The Block, Optimism rose significantly after announcing its own token. The expectation that such a development could occur on the Arbitrum side, too, caused intense interest in network activities.
Although it does not yet have a token, Arbitrum has the highest TVL rate among Ethereum scaling protocols.
32229
