Ethereum

Arbitrum

Base

Optimism

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 <p>One Ethereum (ETH) layer-2 scaling solution has witnessed staggering address growth since January, according to the crypto analytics firm IntoTheBlock.</p>
 <p>The firm notes that Optimism’s (OP) network currently clocks more than 5.9 million addresses with a balance, a massive 391% increase from the 1.2 million addresses the project had in January.</p>
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 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GB31srAWMAANI47?format=jpg&amp;name=large" alt="Image" width="1304" height="586">
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   Source: IntoTheBlock/X
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 <p>Optimism’s native token, OP, is also surging. The 40th-ranked crypto asset by market cap is trading at $2.58 at time of writing and is up nearly 16% in the past 24 hours. OP is also up almost 180% since the beginning of the year.</p>
 <p>Despite the increase in addresses, Optimism still lags behind rival Ethereum scaling solution Arbitrum (ARB) in terms of daily transactions.</p>
 <p>Optimism, for example, clocked around 444,000 transactions on Thursday, while Arbitrum registered more than 795,000, according to both project’s respective block explorers.</p>
 <p>Both projects, however, lead Coinbase’s newly launched Ethereum scaler Base, which witnessed around 304,000 transactions on Thursday.</p>
 <p>Coinbase officially released Base in August. The project, which is powered by Optimism, does not currently have a native token. It’s designed to be compatible with Ethereum, Ethereum layer-2s and alternative layer-1 blockchains.</p>
 <p>ARB is trading at $1.17 at time of writing. The 54th-ranked crypto asset by market cap is nearly 6% in the past 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-eth-layer-2-scaling-solution-witnesses-391-growth-in-addresses-this-year-intotheblock-tbt74577.html">https://thebittimes.com/ethereum-eth-layer-2-scaling-solution-witnesses-391-growth-in-addresses-this-year-intotheblock-tbt74577.html</a></p>

Ethereum (ETH) Layer-2 Scaling Solution Witnesses 391% Growth in Addresses This Year: IntoTheBlock

TheBitTimes

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