Polygon vs. Optimism

In this article we'll compare Polygon and Optimism. This is an indepth review that considers many metrics.

Overview

PolygonOptimism
Created byJaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo BjelicJinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho
Native tokenMATICOP
Consensus algorithmPoSPoS
Hashing algorithmKECCAK-256KECCAK-256
Supports EVMYesYes
TPS70004000
Block time (secs)22
Layer22
Supports smart contractsYesYes
Average transaction fee$0.018$0.141
Staking rewards (APR)4.78%%

Table of Contents

  1. Is Polygon faster than Optimism?
  2. Is Polygon cheaper than Optimism?

Comparison

Is Polygon faster than Optimism?

Yes, Polygon processes 7000 transactions per second, whereas Optimism only processes 4000.

Is Polygon cheaper than Optimism?

Yes, Polygon has an average transaction fee of $0.018, whereas Optimism costs $0.141.