Polygon vs Optimism
Polygon and Optimism 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
| Polygon | Optimism | |
|---|---|---|
| Created by | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho |
| Native token | MATIC | OP |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 7000 | 4000 |
| Block time (secs) | 2 | 2 |
| Layer | 2 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.018 | $0.141 |
| Staking rewards (APR) | 4.78% | % |
High-level Comparisons
Is Polygon faster than Optimism?
Yes, Polygon can process 7000 transactions per second. Optimism only processes up to 4000.
Is Polygon cheaper than Optimism?
Yes, Polygon has an average transaction fee of $0.018, whereas Optimism costs $0.141.