Worldcoin Hype Causes Optimism to Leapfrog Arbitrum in Daily Transactions

Layer-2 blockchain Optimism has surpassed its rival Arbitrum successful the magnitude of regular transactions for the archetypal clip successful six months, according to Dune Analytics.

On July 25, Optimism racked up a full of 844,290 transactions compared to Arbitrum's full of 630,534. The emergence tin beryllium attributed to the merchandise of Worldcoin (WLD), the crypto AI institution founded by Chat GPT's Sam Altman, which is based connected the Optimism blockchain.

Despite attracting a mass of scrutiny connected launch, Worldcoin has much than 250,000 holders, pursuing an airdrop that rewarded users for having their eyes scanned astatine prime locations astir the world.

Optimism's autochthonal token (OP) has risen by 4.5% successful the past 24 hours arsenic it appears beryllium to fending disconnected the impending merchantability unit from a token unlock this Sunday.

Although it facilitated much on-chain transactions, Optimism's regular progressive wallets metric falls abbreviated of Arbitrum, with 51,062 compared to 63,893 for Arbitrum.

A information of the enactment connected Optimism tin besides beryllium attributed to Velodrome, the decentralized speech (DEX) that rolled retired its 2nd mentation past month. Total worth locked (TVL) connected Velodrome has surged by 39% successful the past period to $258 million, according to DefiLlama.