Tether debuts USDT0 on Superchain, targeting cross-chain DeFi liquidity
Optimism Weekly Overview - April 1, 2025
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Superchain Ecosystem Numbers
DeFi total value locked (TVL) across Superchain: $3.9B (+7.69%)
Assets onchain: $16B (-5.33%)
Daily average transaction volume: 11.5M
Base: 7.5M (-1.31%)
Soneium: 1.3M
OP Mainnet: 952.3K (+2.9%)
Celo: 640.1K
World: 604.4K (-3.93%)
Revenue-generating deployers on:
OP Mainnet: 1,399 (+10.77%)
Superchain ecosystem: 126 (+0.8%)
Superchain transaction fee total savings vs L1s:
OP Mainnet: 2,011 ETH
Base: 11,769 ETH
Zora: 11 ETH
Compared to Ethereum, L2 Superchain users saved a total of 13.79K ETH, or $26.39M 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: Tether has launched USDT0, one of the first interoperable stablecoins, on the Superchain. It's initially available on OP Mainnet and Ink, with plans to expand across the ecosystem's thirty-plus chains.
🔴 Why it matters: Imagine a stablecoin that doesn't need bridges to move between blockchains— that's what USDT0 aims to bring to the Superchain.
Currently, in order to move a stablecoin from one blockchain to another, a user would need to use a bridge. This traditionally can be slow, expensive and vulnerable to hacks. However, USDT0 eliminates these problems by being natively interoperable.
Instead of having separate versions of Tether’s USDT stablecoin fragmented across different networks, USDT0 functions as a single asset that moves freely across the Superchain ecosystem. This allows the stablecoin to move across multiple networks with one-block finality and zero slippage while still maintaining 1:1 backing by USDT on Ethereum.
Tether’s USDT is currently the largest stablecoin by market cap at $143.96 billion. The stablecoin issuer operates across over 80 chains and protocols. Recently, Tether minted $1 billion USDT in a single transaction, highlighting the growing demand for the digital dollar in crypto.
With the deployment of USDT0, the Superchain looks to take a step toward solving one of the biggest pain points in crypto today, moving assets across chains.
Different Superchain chains like Base, Zora or Mode can use this to move USDT0 from one chain to another with no slippage or extra fees. Rather than forcing users to deal with the complexity of bridging assets, USDT0 can create an experience where the underlying technology is invisible.
For developers building DeFi applications, this would mean they could tap into a unified pool of liquidity rather than having to maintain separate pools on each chain. This could lead to more capital-efficient applications and new DeFi products that weren't possible before.
The move to integrate USDT0 can help accelerate toward Superchain interop by establishing a stable form of currency from an issuer that has one of the deepest liquidity pools in crypto.
🔴 The big picture: The Superchain processes over half of all L2 transactions, with Base and OP Mainnet leading net flows last year. This showcases the Superchain’s ability for its users and assets to move freely between specialized environments, while maintaining the security guarantees of Ethereum as the foundation.
As the Superchain adds features like permissionless fault proofs and SuperchainERC20, developers can build apps that leverage each chain’s strengths while staying connected. This development could reshape how we think about blockchain scalability and interoperability in the future.
The future where tokens and even non-stablecoin assets can move easily between chains in order to reduce friction for users. For everyday users, this could eventually mean interacting with blockchain applications without needing to worry about which specific chain they're using.
What’s poppin’ on the Superchain
Total number of weekly active addresses by chain:
Base: 4.35M
Celo: 632.61K
Soneium: 342.09K
OP Mainnet: 280.97K
Ink: 199K
Explore Celo's transition to an Ethereum L2 using OP Stack and how it brought 1.2M monthly users into the Superchain ecosystem
Learn about World’s Mini Apps 1.2 upgrade with that features faster load times, haptic feedback and home screen widgets
Superseed Mainnet went live and joined the Superchain ecosystem
Xverse Earn integrated with BOB Gateway for 1-click Bitcoin DeFi deployment on the Superchain
From the Optimism Collective
Highlighting the companies, communities and citizens bound to the Optimism Collective.
Check out Base’s list of projects on its network
Tune in to the Unichain Interop Hackathon live stream to learn about different projects building on the Superchain
Read about Animoca Brands' partnership with Sony's Soneium to develop Moca Network's identity layer
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.
Join the Lisk DAO Hub to apply for milestone-based funding and participate in governance discussions
Join the Cantina and OPLabs' challenge offering $225K in USDC plus $25K private pot for Fellowship Stewards
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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.