Arbitrum vs MultiversX: A Comparison and Review

Arbitrum (ARB)

Overview

Arbitrum is a leading Ethereum scaling solution that aims to provide cheap transactions to tens of thousands of users. It operates as an optimistic rollup, making it a layer 2 (L2) solution. Arbitrum has gained popularity due to its high total value locked (TVL) and is home to some of the largest decentralized applications (dApps) including GMX, Radiant, Uniswap V3, and Gains Network.

Key Features

• Provides cheap transactions on Ethereum
• Optimistic rollup technology
• Leading L2 solution in terms of TVL
• Supported by several prominent dApps

Market Position

Arbitrum is currently ranked 39th in terms of market capitalization. Over the past 30 days, it has experienced a price increase of 39%.

MultiversX (eGold)

Overview

MultiversX, formerly known as Elrond, is a technology ecosystem for the new internet. It operates as a layer 1 (L1) smart contract platform with a focus on fintech, decentralized finance (DeFi), and the Internet of Things (IoT). MultiversX's main app, Maiar, offers a user-friendly blockchain experience and features progressive security and a gamified approach to unlocking additional functionality.

Key Features

• Capable of 15,000 transactions per second (TPS)
• Low latency of 5 seconds
• Low transaction cost at $0.001
• Focused on fintech, DeFi, and IoT
• Maiar app offers intuitive blockchain experience

Market Position

MultiversX is currently ranked 53rd in terms of market capitalization. It has experienced a price decrease of 23.57% in the past 30 days.