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. Every Tuesday.
Superchain Ecosystem Numbers
DeFi Total Value Locked (TVL) across Superchain: $2.93B (+6.5%)
Assets onchain: $13.47B (+4.7%)
Daily average transaction volume: 3.5M (-4.4%)
Base: 2.49M (-3.9%)
Zora: 115.68K (-32.1%)
OP Mainnet: 650.69K (-0.1%)
Mode: 235.36K (-3.5%)
Fraxtal 3.33K (-20.1%)
Revenue-generating devs across chains:
Base: 6,036 (-1.2%)
Zora: 194 (+0.5%)
OP Mainnet: 1,067 (+1%)
Superchain: 6.79K (-1.2%)
Optimism’s average txn fee (today): $0.0301
OP Mainnet: 40,617.1 ETH
Base: 78,186.4 ETH
Zora: 13,626.2 ETH
Compared to Ethereum, L2 Superchain users saved a total of 132,429.7 ETH, or $407,755,681 million 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: Onchain Summer is back with Base offering 600 ETH and Optimism dedicating 600,000 OP tokens, totaling about $3.67M in rewards for those participating in the program.
⚡Why it matters: Optimism and Base are teaming up to launch Onchain Summer II, providing developers, users, builders and creators rewards for contributing to the Superchain. The initiative will help incentivize creators and builders to build on the Superchain, Optimism said on X.
“The ethos we’ve tried to instill in builders is if you build on Base, you will be rewarded,” Jesse Pollak, creator of Base, said at ETH Denver earlier this year. “The reason we have been able to instill that ethos is because optimism is creating a funding model that works for Base, [Zora and other chains.]”
⚡What it means for the broader ecosystem: If you’re in the crypto space, you know that incentives and rewards go a long way to bring in new users and activate the existing ones. The Onchain Summer program, alongside pre-existing, extensive developer activity on Base and Optimism can help supercharge the Superchain’s growth and adoption to a new level.
And when people make an impact on the ecosystem, they make a broader impact on all the Superchains and get rewarded, too, creating a bigger feedback loop, Pollak said.
⚡ TLDR: The Superchain will continue to heat up even more as Onchain Summer II launches and helps reward old and new ecosystem players.
What’s poppin on the Superchain
👤This week’s total weekly active addresses on Superchain hit 2.63M
👤Total number of weekly active addresses on:
Base: 1.47M
OP Mainnet: 892.53K
Zora: 197.2K
Mode Network: 65.65K
Redstone Mainnet is live, check out some of the web3 games launching on the chain
For our gamers: here are some more games on the Superchain
The top apps on Base by 30-day transaction count is Uniswap, Layer3, Fren Pet, Layer Zero Labs and FriendTech, according to Token Terminal data
Alchemy has launched its Entrypoint v0.7, which helps devs deploy Smart Account enabled apps on the Superchain
Mode Season 2 started today with 500M $MODE allocated and new DeFi apps, assets and pools and multipliers incoming, details here
There were over 2,000 weekly code commits on Optimism this week, Layer2 Insider data showed 👇
From the Optimism Collective
Highlighting the companies, communities and citizens bound to the Optimism Collective.
Bungee Exchange rewards for Optimism is live, this means users who bridge tokens to Optimism through the platform will get 80% of their fees back in rewards
Optimism is currently the top “altcoin” coin with the most developer activity, Thinking Crypto Podcast host Tony Edward shared on X
Optimism’s Binji shares his advice to new chains when kickstarting a community
Check out the past grant recipients for Retro Funding, as Round 4 is coming up around the corner – more details here and below
For more Optimism Collective weekly updates, look here
Making headlines
Guiding Ethers Phoenix to its final form (Superchain Eco blog)
Nym teams up with the Optimism ecosystem (Nym blog)
Web3 Watch: Base kicks off Onchain Summer 2.0 (Blockworks)
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.
Join the Superchain Demo Day on May 9 to learn more about up and coming projects
Is your project launching between June 3-August 31? Apply to join Onchain Summer II
ICYMI: Mode held a X space discussing its Season 2, listen in here
April 2nd - May 14th
Fully remote participation
Prize Pool: $38,750
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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.