Optimism vs Arbitrum
Optimism and Arbitrum are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.
Table of Contents
Comparing Metrics
| Optimism | Arbitrum | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Germans Gedgauds |
| Native token | OP | ETH |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 4000 | 4000 |
| Block time (secs) | 2 | 13 |
| Layer | 2 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.141 | $0.101 |
| Staking rewards (APR) | 0% | % |
High-level Comparisons
Is Optimism faster than Arbitrum?
No, Optimism only processes 4000 transactions per second. Arbitrum processes up to 4000.
Is Optimism cheaper than Arbitrum?
No, Optimism has an average transaction fee of $0.141, whereas Arbitrum costs $0.101.