There is a Worldcoin effect in the crypto money world. This effect has recently been reflected in an altcoin. Accordingly, it surpassed its rival for the first time in a metric. Let’s look at the details.
Worldcoin effect
Optimism Worldcoin surpassed Arbitrum in day-to-day transactions amid the launch of WLD. This is a remarkable development. Accordingly, in the number of daily transactions this week, Optimism (OP) surpassed Arbitrum (ARB) in this metric for the first time since January, surpassing its rival Ethereum (ETH) scaling solution. The increase in Optimism transactions was driven by the launch of Worldcoin.
Optimism’s network saw a significant increase, reaching nearly 945,000 daily transactions on Thursday. This impressive performance is attributed to the recent launch of Worldcoin (WLD), a new digital identity blockchain project that moved to the OP mainnet last week.
Arbitrum’s performance remained stable
In contrast, Arbitrum maintained its daily transaction count, which ranged from 600,000 to 700,000 this week. Prior to this week, Arbitrum had consistently outpaced Optimism for over six months. On the other hand, Worldcoin, founded by Sam Altman of Open AI, is an ambitious project that uses retinal scans through physical hardware known as “Orbs” to create unique digital identities. However, the high-profile venture sparked controversy. There are currently concerns about the legality of biometric data collection. That’s why it’s under investigation by France’s privacy watchdog, CNIL.
At the time of this writing, Worldcoin is trading at $2.22. On the other hand, Worldcoin has seen an impressive 6% increase in the last 24 hours. It also ranks 136th in terms of market value. The OP, on the other hand, had a small drop of 1.35% in the last 24 hours. Accordingly, it is trading at $ 1.48. Meanwhile, ARB is trading at $1.17, up a modest 0.36% in the last 24 hours.
Worldcoin launch boosts OP performance
The successful launch of Worldcoin has revitalized the Optimism network. Accordingly, it seems to have surpassed its long-time rival Arbitrum in daily transaction numbers. The digital identity blockchain project continues to evolve and face regulatory scrutiny. On the other hand, the cryptocurrency community is eagerly awaiting further developments in the scaling solutions landscape.
cryptocoin.com When we look at it as a whole, we see that the fuss around Worldcoin continues. The project continues to attract backlash because it focuses on human identities. Because the issue of how to protect personal data remains a mystery.
