Will Optimism’s [OP] upgrades be enough to sustain the L2 race? Analyzing…

Optimism’s TVL lagged behind Arbitrum despite upgrades to protocol. Synthetix adoption drove transaction growth on Optimism, but daily active address suggested a decline in overall activity. Despite Optimism [OP] having the first mover advantage in the Layer 2 solutions space, newer solutions such as Arbitrum have outperformed the former in terms of Total Value Locked