Matic vs Optimism: A Comparison of TPS, Tokenomics, Market Cap, And More.
When it comes to decentralized finance (DeFi) projects, Matic and Optimism are two proje that have been gaining a lot of attention in the crypto space. Both projects aim to bring scalability and accessibility to the blockchain ecosystem, but they have different approaches to achieving this goal. In this article, we will compare Matic and Optimism in terms of TPS, tokenomics structure, market cap, trading volume, and circulating supply.
🔹TPS (Transaction Per Second) : Matic and Optimism both aim to increase the number of transactions per second (TPS) on the blockchain. Matic is the fastest with nearly 65k TPS , using a unique sidechain-based scaling solution that utilizes a layer-2 scaling solution to achieve high TPS. Optimism is a bit slower clocking in around 2K TPS, using a tailored approach called “optimistic rollups” to increase the TPS on the Ethereum blockchain. Optimistic rollups use a layer-2 scaling solution that allows multiple transactions to be bundled together and processed in a single block.
🔹Tokenomics Structure: Matic has a tokenomics structure that is based on the ERC-20 standard and is used to pay for transaction fees on the Matic network. Optimism, on the other hand, has a tokenomics structure that is based on the ERC-777 standard and is used to pay for gas fees on the Ethereum network.
🔹Market Cap: Matic has a market cap of $8.307 billion, while Optimism has a market cap of $402.70 million . This indicates that Optimism is currently less valuable in terms of market capitalization. However, Optimism is a fairly new project which need to be taken to note when comparing this metric.
🔹Trading Volume: Matic has a daily trading volume of $321 million, while Optimism has a daily trading volume of $184.81 million . This indicates that Matic is more actively traded in the market.
🔹Circulating Supply: Matic has a circulating supply of 8.98 billion tokens, while Optimism has a circulating supply of 215 million tokens. This indicates that Matic has a higher circulating supply than Optimism. A higher circulating supply doesn’t always mean better, sometimes the opposite is true depending on the project. It’s worth noting that research will need to be done to investigate items like vesting period for investors and contributors. As always, do your own research within these items.
In conclusion, Matic and Optimism are two DeFi projects that have
different approaches to achieving scalability. Matic using it’s own sidechain
which is faster to send and cost less per transaction around $0.10–0.50.
Whereas, Optimism is a bit slower since its using the Ethereum blockchain at a cost of $0.6–0.9 per transaction. Some would argue with great speed comes less security, but it hasn’t been proven yet.
Next, market cap, circulating supply, and trading volume all point to Matic which is showing a bigger market cap, more trading volume, and bigger circulating supply. Could this be because OP’s token is fairly newer and launched on May 2022, only time will tell.
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