Optimism transactions surpass Arbitrum, but what’s behind the uptick in users? By Cointelegraph

Optimism is a layer-2 scaling solution that operates as a separate blockchain built on top of . Despite having a smaller total value locked (TVL) than its rivals, Optimism may still have the potential to thrive in the increasingly competitive decentralized finance (DeFi) landscape.

Being one of the pioneers in the DeFi space, Optimism initially gained an edge but had to contend with fierce competition. The project has been trailing behind other scaling solutions in terms of daily transactions for the past six months. However, in late July, the situation changed, as Optimism finally overtook its main competitor, Arbitrum, and is showing signs of increasing demand from users.