Ethereum

Arbitrum

Value

April

Optimism

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/arbitrum-and-optimism-experience-significant-transaction-growth/" data-wpel-link="internal">Arbitrum and Optimism Experience Significant Transaction Growth</a><br></p>
<div class="Summary"> 
 <p>Arbitrum and Optimism saw notable transaction increases this year.</p> 
 <p>Arbitrum’s transactions peaked at 2.6 million in June.</p> 
 <p>Both platforms’ Total Value Locked (TVL) decreased despite transaction growth.</p> 
</div> 
<p style="text-align: justify">Two important Layer-2 solutions of <a href="https://en.coin-turk.com/ethereum-faces-potential-downturn-analyst-warns/" data-wpel-link="internal">Ethereum</a>, <strong>Arbitrum</strong> (ARB) and Optimism (OP), experienced a significant increase in transaction activities this year. According to IntoTheBlock <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>, the transaction volume on both networks quadrupled over the past year. This increase became particularly evident in the second quarter following the integration of Ethereum Improvement Proposal (EIP) 4844. EIP-4844 aimed to enhance Ethereum’s scalability by introducing a new transaction type that processes data more efficiently.</p> 
<h2 style="text-align: justify" id="arbitrum-and-optimism-transaction-volumes">Arbitrum and Optimism Transaction Volumes</h2> 
<p style="text-align: justify">Growthepie’s analysis showed that Arbitrum recorded greater growth compared to Optimism since the beginning of the year. Initially, ARB transactions were below 1 million, but after March, the number of transactions increased, peaking at approximately 2.6 million transactions on June 26.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-366678 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/arb-op.png" alt="" width="1880" height="802"></p> 
<p style="text-align: justify">In contrast, Optimism experienced a surge in early April with transactions exceeding 800,000. However, it has since seen a significant decline. Currently, ARB conducts over 1.5 million transactions, while Optimism’s transaction count has dropped to over 409,000.</p> 
<h2 style="text-align: justify" id="decrease-in-total-value-locked-tvl">Decrease in Total Value Locked (TVL)</h2> 
<p style="text-align: justify">Despite this increase in transaction volumes, the Total Value Locked (TVL) on both platforms has decreased. According to DeFiLlama data, Arbitrum’s TVL surpassed $3.1 billion in March, indicating significant adoption and investment. However, recent figures show that the TVL has dropped to approximately $2.7 billion.</p> 
<p style="text-align: justify">Similarly, <strong>Optimism</strong>‘s TVL exceeded the $1 billion mark in March but has since dropped to around $665 million. These declines may be due to changes in investor sentiment, broader <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market conditions</a>, or specific events within the Layer-2 networks.</p> 
<h2 style="text-align: justify" id="decline-in-arb-and-op-prices">Decline in ARB and OP Prices</h2> 
<p style="text-align: justify">Both ARB and OP tokens have shown a downward trend in value. Accordingly, <strong>OP</strong>‘s price faced strong resistance at the $2.2 level. As of the time of writing, OP showed a modest increase of less than 1%, trading at approximately $1.7.</p> 
<p style="text-align: justify">Similarly, ARB solidified its resistance level around $1. Currently, ARB is trading at approximately $0.7 with a slight increase of less than 1%. The inability of both <strong>cryptocurrencies</strong> to meet expectations has led to investor frustration and a loss of confidence in the projects, as reflected in their price levels.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/arbitrum-and-optimism-experience-significant-transaction-growth/" data-wpel-link="internal">Arbitrum and Optimism Experience Significant Transaction Growth</a></h5>

Arbitrum and Optimism Experience Significant Transaction Growth

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