🔴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: $2.62B (+18.1%)
Assets onchain: $13.1B (-1.7%)
Daily average transaction volume: 4.81M (+4.1%)
Fraxtal: 7.44K (+4.49%)
Mode: 132.46K (-12.54%)
Base: 3.55M (+1.14%)
Zora: 108.01K (+10.16%)
Redstone: 15.37K (+99.61%)
OP Mainnet: 541.65K (+18.40%)
Kroma: 210.61K (+61.76%)
Revenue-generating deployers on:
Base: 5,334 (-4.22%)
Zora: 172 (+2.38%)
OP Mainnet: 1,092 (+0.92%)
Superchains: 6,056 (-3.58%)
OP Mainnet: 5,417 ETH
Base: 21,729 ETH
Zora: 924 ETH
Compared to Ethereum, L2 Superchain users saved a total of 28,124 ETH, or $74.5M 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: Conduit, a blockchain infrastructure firm, announced that it transferred ownership of “upgrade keys” for layer-2 (L2) blockchains Mode, Zora, and Metal L2 to the Optimism Security Council.
🔴Why it matters: Last year, Optimism outlined a three-stage process for its Superchain rollups and path toward technical decentralization.
Earlier this year, Optimism achieved its first step toward Stage 1 of decentralization with the release of permissionless fault proofs and the launch of the security council.
Now, with the transfer of upgrade keys, a way to update the stack’s firmware, the Optimism Security Council jointly operates the multisig controlling the smart contracts for Mode, Zora, and Metal. This initiative marks a milestone for Optimism’s path toward full decentralization.
This also means the transfer of upgrade keys can strengthen the security of these chains and set a precedent for other rollups within the Optimism ecosystem to follow suit. This in turn can reduce central points of control and enhance trust in the networks.
As more chains aim to become fully decentralized, initiatives like these can serve as benchmarks for progress and show why it’s important that teams work toward decentralized frameworks.
🔴What it means for the broader ecosystem: Mode, Zora, and Metal are moving closer to full decentralization while also empowering Optimism’s decentralized security council to govern rollup upgrades.
In turn, the Superchain architecture can become more robust and decentralized, advancing the broader ecosystem toward a more secure and open environment.
Initiatives like these will become increasingly more important as they play a huge factor toward growing Vitalik Buterin’s proposal of decentralization for the broader Ethereum ecosystem.
What’s poppin’ on the Superchain
👤Total number of weekly active addresses by chain:
Base: 3.01M
OP Mainnet: 313.25K
Zora: 165.25K
Mode Network: 23.35K
Vurse partnered with Camp Network to provide social logins and feed curation for its onchain content platform
Fireblocks announced it will provide security solutions for World Chain
Zora partnered with Uniswap to release Secondary Rewards, a form of creator royalties through secondary markets
Polynomial, an L2 built using the OP Stack, launched its derivatives trading chain
Optimism outlined its path to bring interoperability to the OP Stack and the Superchain (details below)
From the Optimism Collective
Highlighting the companies, communities and citizens bound to the Optimism Collective.
Listen to Onchain Summer Redux, a song produced by X user songadaymann
OP Labs’ Binji explained what the Superchain is and more in an interview with 4bidden4ruit
Check out X user 0xc06’s dive into the Mode network
Zain Bacchus, Product Manager at OP Labs, created a video that explained Optimism’s build towards native interoperability
For more Optimism Collective weekly updates, look here.
Making headlines
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.
A number of coffee shops are offering $1 coffee for paying onchain, check outparticipating locations here and take part in Onchain Summer
Listen to the GameSwift and Kroma teams chat about onchain gaming and any updates following their partnership
Got a burning question about the Superchain that needs answering? Ask it on Rounds.wtf and receive part of a 5K OP rewards pool
Check out the details for Retro Public Goods Funding Round 5 – applications open Aug. 15
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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.