Arbitrum follows within the footsteps of Optimism, a rival layer 2 scaling machine that issued an airdrop final April. The market capitalization of the Optimism token (OP) is $792 million with a market cap to TVL ratio of 0.84, in maintaining with DefiLlama. As Arbitrum has more than double the amount of capital locked on its blockchain, the token will possible be anticipated to have a market cap of around $2 billion the utilization of the same ratio.
