Optimism vs Polygon
Optimism and Polygon 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 | Polygon | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic |
| Native token | OP | MATIC |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 4000 | 7000 |
| Block time (secs) | 2 | 2 |
| Layer | 2 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.141 | $0.018 |
| Staking rewards (APR) | 0% | 4.78% |
High-level Comparisons
Is Optimism faster than Polygon?
No, Optimism only processes 4000 transactions per second. Polygon processes up to 7000.
Is Optimism cheaper than Polygon?
No, Optimism has an average transaction fee of $0.141, whereas Polygon costs $0.018.