Mode releases DeFAI terminal for users to easily perform onchain tasks
Optimism Weekly Overview - February 4, 2025
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Superchain Ecosystem Numbers
DeFi total value locked (TVL) across Superchain: $3.8B (-20.84%)
Assets onchain: $19.3B (-9.81%)
Daily average transaction volume: 12M (-17.24%)
Base: 8.5M (-21.3%)
OP Mainnet: 1.2M (+50.81%)
World: 657K (-10.73%)
Lisk: 590K (+15.45%)
Soneium: 453.4K
Revenue-generating deployers on:
OP Mainnet: 1,127 (+0.08%)
Zora: 113 (-0.88%)
Superchain transaction fee total savings vs L1s:
OP Mainnet: 27,260 ETH
Base: 118,567 ETH
Zora: 612 ETH
Compared to Ethereum, L2 Superchain users saved a total of 146.44K ETH, or $390.57M on txn fees this week.
The percentages and metrics are pulled from the Superchain Health Dashboard and are calculated from its change over a 7-day time frame, unless noted otherwise.
Spotlight on Optimism’s Superchain
Highlighting some of the biggest updates on Optimism’s Superchain this week.
🔴What’s happening: Mode, a DeFi layer-2 network built on the OP Stack, has launched Terminal Alpha and Synth.
🔴Why it matters: The Mode Terminal Alpha is a natural language interface for users to perform onchain actions like bridging, swapping, deploying contracts, and more through an AI chatbot. This platform will also serve as the foundation for navigating Mode’s ecosystem of applications and agents. While it comes with a number of features, in order to access it, users must stake 400,000 $MODE, equivalent to approximately $7,680.
The Mode Terminal aims to simplify interactions with crypto, by reducing many of the complexities of participating in DeFi. The platform takes in natural language prompts from the user and in the backend performs the necessary multi-chain transactions and deployments.
For the user, this abstracts away many points of friction associated in participating in DeFi such as finding cross-chain bridges, swapping protocols, and other smart contract deployment platforms. The chat interface allows any user, even non-native crypto users, to perform complex blockchain transactions by simply connecting a wallet to the terminal and chatting with the AI.
Additionally, Mode launched its Synth subnet on Bittensor, which gives synthetic price data to support forecasting and trading strategies for AI agents.
The Synth subnet provides decentralized, synthetic price data that helps developers and traders with a data availability layer for their financial strategies. In short, Synth simulates a wide range of market scenarios, helping financial and AI models learn more effectively. This additional data stream makes financial planning more reliable by providing a clearer picture of potential market behaviors for AI agents and general users.
Mode is setting the stage for a more connected and efficient blockchain experience that simplifies user interactions and strengthens data-driven strategies.
🔴What it means for the broader ecosystem: These innovations can help growth in the DeFAI sector, which currently holds a market cap of $1.66B compared to the overall DeFi market cap of $112.97B, according to Coingecko.
By offering intuitive, natural language interfaces that simplify onchain actions and reduce friction Mode and other protocols have the potential to onboard a new generation of users: both crypto natives and newcomers.
Given that Mode is a part of the Superchain, these developments contribute to its mission of building a scalable and interoperable Ethereum L2 ecosystem that benefits both developers and users. Mode also aims to be a simple entry point for many to participate in DeFi, and with full Superchain interoperability on the horizon, complex transactions can become smoother through the unification of liquidity and user base in all of the Superchain chains.
What’s poppin’ on the Superchain
Total number of weekly active addresses by chain:
Base: 5.9M
OP Mainnet: 355.44K
Zora: 67.8K
Mode Network: 11.92K
World launched the World ID Passport Credential pilot to privately verify identity online
Check out the Blockscout explorer to see all the dApps live on Ink, Kraken’s L2 built on the OP Stack
Uniswap, a Superchain partner, announced the v4 upgrade for better user and dev experiences onchain
Base, built on the OP Stack, now has the BTC leveraged tokens, cbBTC, on Index Coop
From the Optimism Collective
Highlighting the companies, communities and citizens bound to the Optimism Collective.
Learn about how apps can collect additional fees with onchain MEV taxes on the Superchain
Read the notes from the recent L2 Interop Working Group call for more details on Ethereum interoperability
Check out Base Creator Jesse Pollak’s Onchain Stories with Morpho Co-Founder Paul Frambot and Coinbase leadership to learn about bitcoin-backed loans
For more Optimism Collective weekly updates, look here.
Get into the OP Stack
Want to dive into the ecosystem full-time? Find the latest job postings here or get involved at an event below.
In Singapore? Go join the Base community of founders, builders, and VCs
Check out Soneium Conquest to participate in the ecosystem’s airdrops, NFTs, gaming and more
Mode released a form for AI agent developers to request access to the Synth API
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.