Arbitrum vs OKB: A Comparison and Review
Arbitrum (ARB)
- Symbol: ARB
- Name: Arbitrum
- Asset Platform: Arbitrum One
- Categories: Arbitrum Ecosystem, Arbitrum Nova Ecosystem, Ethereum Ecosystem, Layer 2 (L2)
- Market Cap Rank: 39
- Price Change (30d): +39%
Arbitrum is a leading Ethereum scaling solution that aims to bring cheap transactions to tens of thousands of users. It is an optimistic rollup and currently the top Layer 2 (L2) protocol in terms of Total Value Locked (TVL). Several prominent dApps, including GMX, Radiant, Uniswap V3, and Gains Network, are already live on Arbitrum.
OKB (OKB)
- Symbol: OKB
- Name: OKB
- Asset Platform: Ethereum
- Categories: Exchange-based Tokens, Centralized Exchange (CEX), Ethereum Ecosystem
- Market Cap Rank: 28
- Price Change (30d): -1.69%
OKB is the utility token of the OKEx cryptocurrency exchange, which is the second most popular exchange by trading volume. It was launched with 10 trading pairs and is described as a global utility token issued by the OK Blockchain Foundation. The total supply of OKB is one billion tokens, with 60% allocated to OKEx customers for community building and marketing campaigns. OKB was initially issued on the ERC20 protocol, and there are plans to shift it to OKEx's official OK chain in the future.
OKB denies having an initial coin offering (ICO) or public fundraising. The remaining token supply will be locked up for a period of 1 to 3 years. The token is expected to be utilized not only on OKEx's platform but also in other related projects.