TOKEN COMPARISON: OP vs ARB
1. OP Token (Optimism)
Detailed Analysis Factors Token OP Total Supply 4.29 billion OP Circulating (7/2025) ~1.1–1.4 billion OP Utility - Governance in Optimism Collective
- Vote on DAO proposals
- Transaction fees (indirect) Distribution Mechanism - Airdrop (multiple rounds)
- RetroPGF Fund (retroactive public goods funding)
- Team, investors Unlock Rate Long-term, allocated by cycle (usually quarterly), can easily create selling pressure if demand is weak Tokenomics - Aiming for public goods development
- Development based on OP Stack Value Accrual Currently, there is no clear burn or staking mechanism. Mainly governance + funding. Risks - Long-term allocation => slight inflation
- Unclear utility outside governance
2. ARB Token (Arbitrum)
Detailed Analysis Factors Token ARB Total Supply 10 billion ARB Circulating (7/2025) ~2.6–2.8 billion ARB Utility - DAO governance (Arbitrum DAO)
- Vote on DAO budget allocation
- Propose & approve L2 improvements Distribution Mechanism - Airdrop
- Treasury (accounts for ~42%)
- Team & investors Unlock Rate Large unlock starts from March 2024, extending to 2027 => medium-term selling pressure Tokenomics Fair allocation, but the DAO has been controversial for voting after spending Value Accrual Not used to pay fees, no burn or staking. Only used in DAO. Risks - DAO holds too many tokens
- Token is mainly for governance, no 'hard' utility (like staking) #Write2Earn $OP #ARB