Arbitrum follows within the footsteps of Optimism, a rival layer 2 scaling resolution 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 keeping with DefiLlama. As Arbitrum has greater than double the quantity of capital locked on its blockchain, the token could be anticipated to have a market cap of round $2 billion utilizing the identical ratio.
