Optimism vs. Arbitrum
In this article we'll compare Optimism and Arbitrum. This is an indepth review that considers many metrics.
Overview
| 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% | % |
Table of Contents
Comparison
Is Optimism faster than Arbitrum?
No, Optimism processes 4000 transactions per second and Arbitrum processes 4000.
Is Optimism cheaper than Arbitrum?
No, Optimism has an average transaction fee of $0.141, whereas Arbitrum costs $0.101.