Arbitrum (ARB) And Polygon (MATIC) Struggle While Community Sees More Potential In Pomerdoge (POMD)

livemint.com:

40x in the next four months. A few months back, Arbitrum (ARB) made big waves in the Layer-2 blockchain sector with its significant adoption rate. However, the launch of Optimism and Base has challenged the dominance of Arbitrum (ARB).

Notably, Arbitrum (ARB) lost the race to Base in transactions per second (TPS). This reflects in the higher revenue of Base, as compared to Arbitrum (ARB). On-chain data shows that Base’s revenue for August was $2.4 million.

This is significantly higher than $1.05 million for Arbitrum (ARB) during the same period. Besides, the price trajectory of Arbitrum (ARB) has also been discouraging for investors, as it has fallen by more than 15% in the past month. Thus, the current trading price of Arbitrum (ARB) is $1.10.

Things seem to be working against Polygon (MATIC) for the last few weeks. In the past 30 days, the price of Polygon (MATIC) has tumbled by 18%. Consequently, the current trading price of Polygon (MATIC) has dropped to $0.6270.

The latest event that has derailed Polygon (MATIC) from its growth track is the exit of NFT collection y00ts from the network. However, Reddit Collectible Avatars has come to the rescue of Polygon (MATIC). Recently, the Polygon (MATIC) network-based NFT collection crossed the $20 million mark.

Besides, transactions worth $14 million were recorded on the Polygon (MATIC) network in the last seven days. Pomerdoge is the latest P2E meme coin that has the potential to disrupt the blockchain gaming industry. As per a research report, the play-to-earn NFT games industry can rise to $3,618.4 million by 2028.