One Ethereum (ETH<\/a>) layer-2 scaling solution has witnessed staggering address growth since January, according to the crypto analytics firm IntoTheBlock.<\/p>\n The firm notes<\/a> that Optimism\u2019s (OP<\/a>) network currently clocks more than 5.9 million addresses with a balance, a massive 391% increase from the 1.2 million addresses the project had in January.<\/p>\n Optimism\u2019s native token, OP, is also surging. The 40th-ranked crypto asset by market cap is trading at $2.58 at time of writing and is up nearly 16% in the past 24 hours. OP is also up almost 180% since the beginning of the year.<\/p>\n Despite the increase in addresses, Optimism still lags behind rival Ethereum scaling solution Arbitrum (ARB<\/a>) in terms of daily transactions.<\/p>\n Optimism, for example, clocked<\/a> around 444,000 transactions on Thursday, while Arbitrum registered<\/a> more than 795,000, according to both project\u2019s respective block explorers.<\/p>\n Both projects, however, lead Coinbase\u2019s newly launched Ethereum scaler Base, which witnessed<\/a> around 304,000 transactions on Thursday.<\/p>\n Coinbase officially released<\/a> Base in August. The project, which is powered by Optimism, does not currently have a native token. It\u2019s designed to be compatible with Ethereum, Ethereum layer-2s and alternative layer-1 blockchains.<\/p>\n ARB is trading at $1.17 at time of writing. The 54th-ranked crypto asset by market cap is nearly 6% in the past 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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