Superchain’s Base and OP Mainnet ranked top 2 chains by net flows in the past year
Optimism Weekly Overview - January 7, 2025
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Superchain Ecosystem Numbers
Superchain App TVL: $4.8B (-13.1%)
Assets onchain: $23.4B (-9.37%)
Daily average transactions this month: 14.7M (+34.9%)
Base: 12.0M (+48.5%)
OP Mainnet: 753.6K (-24.67%)
World Chain: 605.8K (-5.18%)
Lisk: 488.9K (+73.19%)
Mint: 330.2K (+49.5%)
Revenue-generating deployers on:
Zora: 122 (+1.67%)
OP Mainnet: 1231 (+.1%)
Superchain transaction fee total savings vs L1s:
OP Mainnet: 24,650 ETH
Base: 159,847 ETH
Zora: 1,811 ETH
Compared to Ethereum, L2 Superchain users saved a total of 186K ETH, or $645M on txn fees this week.
The percentages and metrics are pulled from the Superchain Health Dashboard 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: Base ranked as the top blockchains by bridged net flows at $3.7 billion over the past year, according to Artemis data.
⚡Why it matters: Base ranked at the top of this category with Optimism’s OP Mainnet taking the second highest slot at $2.1 billion, over the past 12-months, the data showed. This means the two together bridged over $5.8 billion in net flows.
The dominance of these two chains by net flows highlights the broader Superchain ecosystem’s attractive scalability, which continues to draw developers and liquidity across different web3 projects.
The two networks, built on the OP Stack, also ranked above other high traffic networks such as Solana at $2.1 billion and Arbitrum at $1.5 billion, the data showed.
For Base specifically, its developer kit has contributed to its growth, with some of the largest AI projects built on the network. Virtuals, a protocol for developing decentralized AI agent applications built on Base has incubated popular AI crypto projects like AIXBT. The autonomous X bot has developed mass exposure as it leads Cookie DAO’s AI agents index mindshare at 15.75%. AIXBT has also amassed a market cap of over $500 million.
Base’s AI market cap is at $7.2 billion, Cookie DAO’s data shows. Similarly, Virtuals’ token is the sixth largest AI token by market cap and it has been a major contributor to the Base ecosystem with over $2.1 billion bridged to the network from its platform.
OP mainnet also had networks with increased activity onchain such as Uniswap, Chainlink, Velodrome and Circle. The Superchain DEX, Velodrome, saw growth in TVL going from $7.4 billion to $22.6 billion and contributing to the net flows of the OP mainnet ecosystem.
Base and OP mainnet’s successes in the past year highlights the many new developments happening with projects built with the OP Stack, especially in AI.
⚡What it means for the broader ecosystem: The Superchain ecosystem’s success in 2024 reflects the growing adoption of OP Stack’s technology and ability to support decentralized applications with many users and large liquidity.
The Superchain ecosystem has 319 apps live and contributes to nearly 50% of all layer-2 transactions on Ethereum. As it continues to grow and moves towards interoperability, the chains and projects within the ecosystem will also have opportunities to increase users and liquidity across many networks with the unifying layer.
The rising interest in AI protocols across the crypto ecosystem has been one of the leading narratives in web3. Networks built on the OP Stack like Base have produced some of the most popular applications thus far. If the trends continue, the Superchain could be the home to some of the most popular applications in crypto providing developers with an intuitive and efficient platform to build and scale apps across Ethereum.
What’s poppin’ on the Superchain
👤Total number of weekly active addresses by chain:
Base: 7.65M
OP Mainnet: 424.5K
Zora: 78.6K
Mode Network: 23.41K
Read about the Optimism-based liquidity marketplace, Velodrome, and the milestones it hit in 2024
Virtuals AI agent, @aixbt was the winner of Messari’s ‘X Account of the Year’
Learn more about the winners of Mode AI Agent Hackathon Sprint 1 here
From the Optimism Collective
Highlighting the companies, communities and citizens bound to the Optimism Collective.
Optimism Collective released its 2024 review, highlighting the achievements and developments on the network
These 2024 stats for the Superchain stood out to us:
App’s TVL more than tripled, up from $1.4B to $4.8B
The Grants Council awarded 23M $OP to developers to grow the ecosystem
Daily transactions increased 1,607%, from 650K to 11.1M
Check out this week’s edition of Superchain Sunday by Superchain Eco
Optimism’s Chief of Growth Ryan Wyatt shared on X that Superchain ‘will add 4 more stage 1 chains’
Get into the OP Stack
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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.