Optimism Outpaces Arbitrum in Daily Transaction for First Time Since January Amid Worldcoin Rollout

Optimism (OP) outpaced Arbitrum (ARB) in terms of daily transaction count this week, which is the first time the project has beaten out its rival Ethereum (ETH) scaling solution in that metric since January.

The Optimism network surged to a high of nearly 945,000 daily transactions on Thursday, likely driven by this week’s launch of the new digital identity blockchain project Worldcoin (WLD), which transitioned to the OP mainnet last week.

Arbitrum, by contrast, hovered in the 600,000-700,000 daily transaction range this week. Before this week, Arbitrum had outpaced Optimism for more than six months straight.

Worldcoin was co-founded by Open AI’s Sam Altman. The high-profile and controversial project uses iris scans with physical hardware called “Orbs” to create unique digital identities. It’s reportedly already under investigation by France’s privacy watchdog, the CNIL, over the legality of its biometric data collection.

WLD is trading at $2.22 at time of writing. The 136th-ranked crypto asset by market cap is up nearly 6% in the past 24 hours.

OP is trading at $1.48 at time of writing, down 1.35% in the past 24 hours, while ARB is trading at $1.17 at time of writing, up 0.36% in the past 24 hours.

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The post Optimism Outpaces Arbitrum in Daily Transaction for First Time Since January Amid Worldcoin Rollout appeared first on The Daily Hodl.