Optimism’s Superchain grows as Shape launches L2 to empower creators
Optimism Weekly Overview - July 23, 2024
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Superchain Ecosystem Numbers
DeFi total value locked (TVL) across Superchain: $3.03B (+10.60%)
Assets onchain: $15.43B (+12.1%)
Daily average transaction volume: 4.84M (+16%)
Fraxtal: 6.74K (+17.83%)
Mode: 124.11K (+14.66%)
Base: 3.78M (+16.31%)
Zora: 106.44K (-1.44%)
Redstone: 18.24K (-22.91%)
OP Mainnet: 501.40K (+7.9%)
Kroma: 187.35K (+71.50%)
Revenue-generating deployers on:
Base: 5,742 (-1.59%)
Zora: 159 (0%)
OP Mainnet: 1,066 (+0.95%)
Superchains: 6,440 (-1.32%)
Superchain transaction fee total savings vs L1s:
OP Mainnet: 40,510 ETH
Base: 135,116 ETH
Zora: 5,782 ETH
Compared to Ethereum, L2 Superchain users saved a total of 181,408 ETH, or $638M 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
🔴 What’s happening: Shape, a creator-centric layer-2 network (L2), announced the launch of its testnet, built on the OP Stack, and that it joined the Superchain.
🔴 Why it matters: Shape aims to promote and reward creativity for creators by providing a platform where anyone can create and experiment. In turn, creators could benefit financially from sharing their work through its network.
“The network is an open space where everyone is free to create whatever they want – from high art to weird experiments,” the team said in a statement.
Shape is designed to reward its creators and users through its “Gasback” feature that redistributes 80% of sequencer fees back to smart contract owners. It redirects the majority of transaction fees back to the contracts that users interact with, incentivizing creators and platforms to flourish onchain.
🔴 What it means for the broader ecosystem: This initiative could reshape how artists distribute their work and how creativity is rewarded in the blockchain space.
Additionally, Shape’s inclusion in the Superchain helps support public goods by contributing 15% of sequencer fees to the Optimism collective, benefiting the overall ecosystem alongside other L2s like Base and Zora.
While it’s currently in the testnet phase, it plans to go live on mainnet in the third quarter. The platform will provide users the ability to explore and create art, collect NFTs, deploy platforms, protocols or services and use onchain apps.
All in all, Shape hopes to redefine the onchain economy by emphasizing transparency, as well as providing value for developers and creators.
What’s poppin’ on the Superchain
👤Total number of weekly active addresses by chain:
Base: 3.83M
OP Mainnet: 491.28K
Zora: 137.76K
Mode Network: 32.77K
Optimism announced 207 projects were awarded during its Retro Funding Round 4 program
Houdini Swap enabled token swaps across chains for OP Mainnet, Base, and Mode
Owl Protocol released its platform designed to help developers build decentralized apps on the OP Stack
Camp Network, a modular identity L2 designed for users to monetize their data, launched its testnet on Gelato
Base reached 4M daily transactions and 25M transactions this past week for the first time, reported by Dune Analytics user watermelon0x (shown below)
From the Optimism Collective
Highlighting the companies, communities and citizens bound to the Optimism Collective.
Superchain Eco released a video playlist to showcase its “Superchain Space” event that took place in Brussels alongside EthCC
YouTube user jrocki created a video tutorial to showcase how to use Aerodrome, a liquidity marketplace built on the Superchain
ICYMI: Co-founder of OP Labs Mark Tyneway spoke at Modular Summit during EthCC
Director at Optimism Foundation Benjamin Jones discussed Optimism’s future goals and how it plans to help scale Ethereum on an interview with The Defiant’s founder, Camila Russo
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.
Participate in Superhack, an online hackathon from Aug. 2-16 dedicated to building applications on the Superchain
Meet up with the Superchain community during Asia's Superchain Pioneers in Tokyo on July 28
Retro Public Goods Funding Round 5 – check out the details
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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.