Welcome back to the Optimism Weekly Overview.
We’re creating the best place for the community to get up to speed on the chain’s latest updates, metrics and releases as well as the Superchain ecosystem developments, insights and more – all in one place.
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Superchain Ecosystem Numbers
DeFi Total Value Locked (TVL) across Superchain: $3.20B (-3.3%)
Assets onchain: $15.87B (+2.4%)
Daily average transaction volume: 2.94M (-2.3%)
Fraxtal: 3.87K (-49.1%)
Mode: 211.22K (-5.9%)
Base: 2.09M (+4%)
Zora: 94.66K (+12.9%)
Redstone: 26.46K (-39.94%)
OP Mainnet: 499.66K (-9.7%)
Revenue-generating deployers on:
Base: 5,264 (-2.9%)
Zora: 166 (-5.7%)
OP Mainnet: 1,034 (-0.2%)
Superchains: 5,966 (-2.7%)
Optimism’s average txn fee (today): $0.0296
OP Mainnet: 19,758 ETH
Base: 50,275 ETH
Zora: 2,088 ETH
Compared to Ethereum, L2 Superchain users saved a total of 72,121 ETH, or $271.7M 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: Optimism is allocating 600,000 OP for Onchain Summer, with 10%, or 60,000, of it going toward builders and creators utilizing the Superchain.
⚡Why it matters: As part of Onchain Summer, a period for the ecosystem to create products and onboard new users into web3, Optimism is rewarding users who build on the Superchain. About 10% of the total 600,000 OP will be up for grabs as rewards for eligible Superchain users between June 3rd to August 30th.
This first batch is allocated to Rounds.wtf on Farcaster in and on Onchain Summer. The additional 540,000 OP tokens will be announced later in July for specific builder rounds. Optimism also collaborated with X user ttyl5h to commemorate Onchain Summer on the Superchain with a mint on Zora.
With that said, more details will be announced soon, Optimism teased on X. Optimism is providing incentives for those on the Superchain like Base, Frax, Metal, Mode, Zora, Redstone, Cyber and OP Mainnet.
⚡ TLDR: Optimism’s 600,000 OP allocated for Onchain Summer is giving creators and builders a chance to show off their projects and get rewarded.
What’s poppin’ on the Superchain
👤Total number of weekly active addresses on major Superchains:
Base: 1.41M
OP Mainnet: 561.43K
Zora: 138.36K
Mode Network: 38.77K
Optimism Superchain contributions from all ecosystem players amounted to 812ETH in May (chart below)
OP Labs launches beta version of custom gas tokens, enabling chain operators the ability to launch with an ERC20 token, other than ETH, for gas fees
Supra launches their Oracles on Mint Blockchain, with the purpose of Supra's real-time data feeds, enhancing decision-making for decentralized apps (dApps)
Holograph, an omnichain tokenization infrastructure, set to build on Optimism, leveraging their technology to help make omnichain a more seamless user experience
From the Optimism Collective
Highlighting the companies, communities and citizens bound to the Optimism Collective.
ICYMI: Watch Token Relations’ Superchain Quarterly Webinar with Optimism Chief Growth Officer Ryan Wyatt and Zora’s co-founder Dee Goens
Vfat, Exactly Protocol, and TLX lead as the top projects with highest TVL growth in the last 24-hours
20 new L2s plan to launch over the next six months, part of the Superchain, as said by slapjack.eth (chart below)
Check out Token Terminal’s video, diving into the fundamentals of Optimism and Base
For more Optimism Collective weekly updates, look here.
Making headlines
Mint Blockchain Completes $5 Million Seed Round and Launches on Developer Mainnet (Decrypt)
Onchain Summer is Here (Coinbase)
Optimism’s Stack has shown significant traction across both users and developers throughout 2024 (Blockworks Research)
Velodrome Integrates with Metal L2 ‘The Banking Layer’ (Yahoo Finance)
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.
Optimism announces 600,000 OP allocated for Onchain Summer
Join other builders at EthCC for Searcher.wtf, an event focused on different protocols, happening in Brussels on July 8th
Check out all citizens building on the Superchain, via The OP Citizen dashboard
Learn more about Retro Funding Round 4 Application via video walkthrough here
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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.