How Arbitrum and Optimism Made Millions in 2022

How Arbitrum and Optimism Made Millions in 2022

Arbitrum and Optimism raked millions in profit despite the extended bear market that hammered decentralized finance (DeFi) activities and Ethereum (ETH) valuation in 2022.

Arbitrum And Optimism Win Big

Per on-chain data shared on Twitter, Arbitrum, and Optimism, general-purpose Ethereum layer-2 platforms, made 2,906 ETH and 2,086ETH, respectively. In USD terms, it translates to around $4.6 million and $3.3 million for each protocol.

L2s are amazing businesses

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Arbitrum made 2,906ETH ($4.6M) of profit in 2022

Optimism made 2,086ETH ($3.3M) of profit in 2022

— Kofi (@0xKofi) January 17, 2023

Based on user activity and the number of dApps launched on Ethereum, solid statistics show that developers prefer the first smart contracting over competitors. Since launching, the network has become a hub of activity,

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