Renowned Japanese tech giant Sony has made its foray into the blockchain sector by introducing its latest Ethereum [ETH] L2 solution, Soneium.
This recent debut has sparked significant interest within the community, propelling Soneium to one of the most discussed topics in the field.
Soneium in the Spotlight
Sony revealed the rollout of its ETH L2 platform on August 23rd. According to the company’s official statement, Soneium serves as the foundational network infrastructure for Web3.
The primary objective of this fresh blockchain platform is to promote blockchain technology and hasten Web3 innovation.
The official declaration stated,
“In the forthcoming period, we will formulate and implement a strategy to make the network accessible to the general public and endeavor to develop novel services by capitalizing on the diverse businesses and intellectual properties within the Sony Group to ensure that Soneium evolves into an infrastructure usable by everyone in their daily routine.”
Applications utilizing Soneium’s network will enable end-users to access the platform and interact with services related to entertainment, Web3 gaming, and NFT marketplaces provided by individual applications.
Shortly after its launch, the L2 platform gained considerable traction, as evidenced by the surge in mentions highlighted in the global Google Trends data from last week.
CryptoCrypto subsequently examined Sonium’s testnet statistics to evaluate its performance. According to our findings, the Soneium/Minato testnet had processed in excess of 1.3 million blocks.
The testnet recorded over 3.3 million transactions and boasted more than 200,000 wallets. Currently, the daily transactions figure stands at 123,000, based on data from Explorer testnet.soneium.
Performance of Other L2 Platforms?
Given that Soneium represented one of the latest entries into the thriving Ethereum L2 landscape, CryptoCrypto decided to review the status of leading ETH L2 solutions like Arbitrum [ARB] and Optimism [OP].
For this evaluation, we analyzed Artemis’ data.
According to our assessment, ARB maintained superiority over OP in terms of daily active addresses and daily transactions during the previous month.
Nevertheless, despite ARB’s considerable network activity lead, the fee and revenue trends of ARB and OP closely aligned.
However, OP managed to outperform ARB in terms of pricing last week. While OP observed a 7% weekly price surge, ARB’s price increased by just 2%.
As of the current moment, OP is trading at $1.47 with a market capitalization exceeding $1.7 billion. Arbitrum is valued at $0.518 with a market cap surpassing $1.8 billion.