OP Stack Chains gain smoother access to ZK tech via Conduit and Succinct partnership
Optimism Weekly Overview - October 8, 2024
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Superchain Ecosystem Numbers
DeFi total value locked (TVL) across Superchain: $3.19B (-6.1%)
Assets onchain: $14.07B (-6.6%)
Daily average transaction volume: 6.67M (+2.7%)
Base: 4.97M (+1.02%)
OP Mainnet: 790.25K (+3.76%)
Kroma: 190K (+6.78%)
Zora: 95.66K (+6.03%)
SwanChain: 129.10K (+266.35%)
Revenue-generating deployers on:
Base: 4,631 (-1.36%)
Zora: 161 (+1.26%)
OP Mainnet: 1,116 (+0.36%)
Superchains: 5,320 (-1.23%)
Superchain transaction fee total savings vs L1s:
OP Mainnet: 19,114 ETH
Base: 88,939 ETH
Zora: 3,855 ETH
Compared to Ethereum, L2 Superchain users saved a total of 111,585 ETH, or $270.64M on txn fees this week.
The percentages and metrics are pulled from OPLabs data on Dune 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: Conduit and Succinct Labs partnered to make zero-knowledge proofs (ZKPs) more accessible for OP Stack Chains.
🔴Why it matters: This announcement is aligned with the ongoing efforts by OP Labs and Succinct to integrate ZK technology into Optimism’s rollups, as evidenced by the release of OP Succinct.
Developers and users can benefit from instant finality and avoid the seven-day withdrawal period associated with optimistic rollups by enabling Conduit’s OP Stack Chains and adopting ZKPs. This shift looks to enhance the overall scalability and security of OP Stack Chains and rollups across the Superchain ecosystem.
Just a couple months ago, Conduit also transferred the ownership of the “upgrade keys” for Mode, Zora, and Metal L2 to the Optimism Security Council. This signified a big move for these layer-2 (L2) networks to move toward full decentralization. Its partnership with Succinct Labs also highlights the collective effort to decentralize governance while maintaining robust network security.
The integration of ZKPs has long been regarded as a superior solution to optimistic rollups due to its faster finality and reduced gas fees. The road to decentralization has been a long-term goal for Optimism and chains within the Superchain, as outlined in its technical roadmap.
🔴What it means for the broader ecosystem: The introduction of ZKPs through OP Succinct within the Conduit ecosystem looks to accelerate the usage of more secure, efficient, and scalable technologies across the Superchain architecture.
This initiative points to a broader movement toward modularity and technological adaptability within the OP Stack. It also looks to reinforce the mission set by Optimism to make ZK rollups a core part of the infrastructure.
With OP Succinct now being available for Conduit rollups, chains can convert from optimistic rollups to ZK rollups without needing extensive redeployments. This adaptability looks to drive increased adoption of ZK technology across rollups built on the OP Stack. In turn, this can lead to improved user experiences, reduced costs, and greater network interoperability.
Initiatives like these can provide a direct roadmap for scaling Ethereum and empowering builders to create decentralized applications with greater efficiency and customization.
What’s poppin’ on the Superchain
👤Total number of weekly active addresses by chain:
Base: 6.66M
OP Mainnet: 332.85K
Zora: 146.38K
Mode Network: 8.89K
Automata Network launched its security integrity-focused L2 blockchain, joining the Superchain ecosystem
Base-built Drakula launched its onchain video sharing platform to the iOS App Store
Worldcoin Foundation introduced its continuous grants program for builders on the network
Crypto wallet Phantom is rolling out beta support for Base
Polynomial, a derivatives trading L2 built on the OP Stack, hit $2.16M in TVL (shown below)
Source: DefiLlama
From the Optimism Collective
Highlighting the companies, communities and citizens bound to the Optimism Collective.
Camp Network partnered with Evolv Studio to release gamified quests and rewards for its users
Shape, a creator-centric L2 in the Superchain ecosystem, launched its network last week - check out a full list of upcoming drops
Lisk revealed the latest recipients of its grant program for ecosystem builders
X user 0xc06 wrote a thread that recapped Mode’s progression throughout 2024
For more Optimism Collective weekly updates, look here.
Making headlines
Vitalik Buterin Reveals Game-Changing Optimism Superchain For Ethereum Layer-2 (CoinGape)
Bring The World Onchain with Base (yele.eth on Paragraph)
Hybrid L2 BoB is trying to help more DeFi projects build on Bitcoin (Talking Tokens)
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.
Retroactive Public Funding Goods 6 applications are live - learn more and apply by Oct. 14
Apply to join the Worldcoin Foundation grants program
Tune in to their upcoming keynote on Oct. 17 at 10 AM PST
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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.