Superchain onchain assets rose 23.5% to $15.1B in September, alongside other key elements

Optimism Weekly Overview - October 1, 2024

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: $3.39B (+10.7%)

  • Assets onchain: $15.06B (+7.2%)

• Daily average transaction volume: 6.49M (+1.4%)

  • Base: 4.92M (+4.24%)

  • Zora: 90.22K (-5.97%)

  • OP Mainnet: 761.63K (+10.08%)

  • Mode: 123.25K (-11.36%)

  • Kroma: 177.94K (-48.69%)

  • Mint: 100.06K (-29.10%)

  • Cyber: 69.63K (+10.70%)

• Revenue-generating deployers on:

  • Base: 4,695 (-0.42%)

  • Zora: 159 (+6.71%)

  • OP Mainnet: 1,112 (+0.27%)

  • Superchains: 5,386 (-0.48%)

• Superchain transaction fee total savings vs L1s:

  • OP Mainnet: 7,594 ETH 

  • Base: 24,695 ETH

  • Zora: 1,557 ETH

  • Compared to Ethereum, L2 Superchain users saved a total of 33,846 ETH, or $85.41M 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: September was a strong month for the Superchain ecosystem as its onchain assets, daily transactions, and active addresses grew 23.54%, 21.3%, and 43.58% month-over-month, respectively, according to the Superchain Health Dashboard and Superscan data.

🔴Why it matters: At the start of September, Superchain onchain assets totaled at $12.19 billion and increased 23.54% to $15.06 billion by end of month. This can be seen as a promising indicator for the Superchain since more assets are being managed on the blockchain and using the OP Stack technology. 

Additionally, the amount of daily transactions at the beginning of September was 5.68 million. To end out the month, that metric increased 21.3% to 6.89 million on the month. Optimism recently announced The SUNNYs, an award show dedicated to Superchain networks and protocols that will take place in Q4, which could be attributed to the increase of transactions, alongside other initiatives. 

Furthermore, active addresses on the Superchain were up from 2.18 million at the start of September, to 3.13 million by the time the month ended. This is a 43.58% increase. As more users become exposed to blockchain technology, this number can be seen as a sign of growth and that more people are utilizing OP Stack Chains.

🔴What it means for the broader ecosystem: According to these numbers, the Superchain ecosystem is heading into October with promising signs.

Traditionally, users and developers pick and choose what networks and applications they use based on the utility, but also where the attention is. These three growth metrics can showcase that there is a healthy population partaking in the Superchain ecosystem.

If these numbers can continue an upward trend throughout the month of October, more users and developers may turn to utilizing OP Stack Chains and its technology. 

What’s poppin’ on the Superchain

👤Total number of weekly active addresses by chain: 

• Base: 6.72M 

• OP Mainnet: 402.6K 

• Zora: 101.06K 

• Mode Network: 11.6K 

• Superchain Interoperability is in the works - check out this UI mock-up of how app developers can potentially bolster UX 

• Super Champs shared its building an L3 chain on Base aimed to help scale onchain gaming franchises

• Shape launched its NFT and creator-focused chain to mainnet

• Aerodrome, a liquidity marketplace for Base, hit $1.13B in TVL, an all-time high for the protocol (chart shown below)

From the Optimism Collective

Highlighting the companies, communities and citizens bound to the Optimism Collective.

• The Optimism Collective hosted its Superchain Demo Day - catch the replay here

• Check out this thread from X user SahilDewan on how OpenRank is contributing to Retroactive Public Goods Funding 5

• Want to learn more about the Base ecosystem? Check out this post made by it’s Ecosystem Lead David Tso

For more Optimism Collective weekly updates, look here. 

Making headlines 

• Base Mainnet 09/21/24 Incident Postmortem (Base on Mirror)

• Research: OnChain Indicators of Engaged DAO Voters (SuperchainEco on Mirror)

• Build on Base with OnchainKit (BaseWorkshops on YouTube)

  

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. 

• ICYMI: Listen to team members from the Optimism, ZKsync, and Arbitrum about L2s and ZK Proofs in a webinar hosted by QuickNode on Oct. 3

• Base is hosting regional-based hackathons - learn how you can participate here

  • Prefer visuals? Check out a video explainer posted by Jesse Pollak, creator of Base, on how to join

• Worldcoin co-founders Alex Blania and Sam Altman are hosting a keynote in San Francisco on Oct. 17 - check out the details here

• Build on Bitcoin is hosting Season 3 of its Fusion campaign

  

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This product was built by Token Relations. 

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.