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
Total Value Locked (TVL) across Superchain: $17.97B (+8.33%)
Superchain contribution to Public Goods: 25 ETH, or about $80K
Optimism total daily L2 transactions as of April 22: 3.88M (-12.4%)
Mode: 181.4K (+13.4%)
Zora: 356.23K (-43.2%)
Base: 2.74M (-7.74%)
OP Mainnet: 607.72K (-9.3%)
Revenue-generating deployers across chains (28-day average):
Base: 5,857 (+12.5%)
OP Mainnet: 1,065 (-0.8%)
Zora: 191 (-2.1%)
OP Chains: 6,636 (+10.4%)
Optimism’s average txn fee (today): $0.0921
OP Mainnet: 40.6K ETH
Base: 78.19K ETH
Zora: 13.63K ETH
Compared to Ethereum, L2 Superchain users saved a total of 132.43K ETH, or $429.364M on txn fees this week.
The percentages are calculated by 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: The Superchain is expanding, again.
⚡Why it matters: If you’re reading this newsletter, you probably are paying attention to the Superchain constantly. This past week, Worldcoin announced its World Chain, a layer-2 blockchain built on top of the OP Stack, that will launch later this summer and join the Superchain.
Separately, on Monday, Celo shared plans to migrate to the technology as well to build its L2 after a unanimous community vote. Celo’s developer CLabs has spent a number of months evaluating proposals from a number of L2 teams for its new chain, but eight months after its initial announcement and tons of due diligence it’s making its bet on the OP Stack.
⚡What it means for the broader ecosystem: With a number of layer-2 chains out there to choose from, major projects and teams deciding to build on Optimism’s open-sourced development stack speaks to its technology and long term ecosystem sustaining itself for years to come. Also, Worldcoin joining the Optimism ecosystem is bringing in its over 10 million users to the Superchain.
As more projects join the ecosystem and broader Optimism Collective, it expands the possibilities for the scaling of communities building on top of the OP Stack to cross-collaborate. Think of it like sister companies: when one does something, the other can benefit indirectly from it.
⚡ TLDR: The OP Stack is getting even more stacked with a number of projects tapping its technology to build on top of it. This can also bring sequencer revenue back to the Optimism Collective, add greater scalability to Ethereum, while keeping fees low, and create greater leverage for those within the OP Stack – thanks to its open codebase, alongside existing chains like Base, Zora, Fraxtal and Mode, to name a few.
What’s poppin’ on the Superchain
👤This week’s total weekly active addresses on Superchain hit 2.3M
👤Total number of weekly active addresses on:
Base: 1.41M (+21.9%)
OP Mainnet: 719.06K (+11.2%)
Zora: 174.93K (+2.7%)
Toucan Protocol is bringing $250K in grants to Base projects focused on climate action
The 6th wave of 2024 Base Builder Grants has been announced here
Uniswap Labs highlighted that the number of monthly swappers on Optimism and Base has increased five times in the past year to 1.04 million
Mint has joined the Superchain to build new NFT use cases on the OP Stack
Base’s DeFi TVL is still climbing as it passed $1.65B, up 100% on the month
From the Optimism Collective
Highlighting the companies, communities and citizens bound to the Optimism Collective.
X user Tyler_Did_It explains why World Chain news is huge for the Superchain
Mode and Base are among the fastest growing blockchains in the past 30 days, The DeFi Investor, a crypto analyst shared on X
🎙️Listen in to how the Superchain can help World Chain bring in the next 10 million users in this X space here
🎙️Listen in to more details about Celo’s journey into the OP Stack here
Thirdweb discusses its $3M Superchain Accelerator program with Optimism leadership
Details of Optimism's Retro Funding Round 4 to reward Superchain builders are here
For more Optimism Collective weekly updates, look here.
Making headlines
For more details on Superchain news, check out more coverage below:
What’s behind Celo’s pivot to Ethereum? (Blockworks)
Scaling The Superchain - Getting Serious About Interoperability (Kames’ Thoughts)
Get into the OP Stack
Want to dive into the ecosystem full-time? Find the latest job postings for the Optimism Collective here or get involved at an event below.
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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.