Sequencers creating and submitting compressed summaries of transactions on Optimism and Arbitrum to the Ethereum mainnet have seen their revenue grow in the last year due to increased L2 adoption.
Optimism, however, trailed with a total unique address count of 6.26 million, according to data fromThe divergence in the cumulative count of addresses on both networks is also reflected in the difference in the total value of assets locked on each. With a TVL of $6 billion, Arbitrum controls a 60.34% market share of the $9.49 billion held as cumulative TVL in the entire L2 market.
Optimism’s TVL, at press time, was $2.14 billion, holding a 23% marketshare, according to data from L2Beat.Interestingly, a consideration of day-to-day network activity on both protocols revealed that daily transactions on Optimism outpaced Arbitrum. Data fromrevealed that Arbitrum experienced a significant surge in daily active addresses during its AirDrop event in March. However, there has since been a steady decline in daily wallet activity.
In contrast, the number of daily active addresses on the Optimism network showed an upward trend in June. And that position that has been maintained so far in Q3. Further, regarding the number of transactions completed on both networks, Arbitrum saw relatively stable transactional activity throughout June, with no significant changes. However, Optimism experienced a sharp increase in transaction volume during the same period. The surge in transactions on Optimism in the last month has been due mainly to the introduction of “Bedrock.”
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