Scaling solutions for Ethereum are becoming more popular over time, with popular networks also getting involved. The intentions of projects like CELO and others to transform Ethereum into L2 help keep popular projects in the spotlight. The post Comparison of Polygon and Optimism:...
Scaling solutions for Ethereum are becoming more popular over time, with popular networks also getting involved. The intentions of projects like CELO and others to transform Ethereum into L2 help keep popular projects in the spotlight. So, when compared, which one is better: Polygon or Optimism?
OP and MATIC Coin
MATIC and OP experienced significant declines during the same period. In particular, MATIC, which was classified as a security by the US SEC, dropped below $0.9. During the same period, OP dropped from $1.5 to $0.9 and stabilized around $1. This decline led to a value loss of approximately 41%.
Polygon and Optimism
The rise of BTC reversed all the losses at the beginning of June, resulting in OP token gaining over 40%. However, MATIC only gained about 20% in value and continues to feel the pressure from the SEC. So, what do on-chain data say? Based on Santiment’s 90-day Average Coin Age metric, we can conclude that OP has more potential for growth than MATIC at the time of writing.
Based on the above indicators, considering the accumulation witnessed since the beginning of June and the regulatory uncertainty surrounding MATIC, we can say that OP Token may bring better returns in the coming months compared to Polygon.