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: $3.31B (+11.8%)
Assets onchain: $15.5B (+10.6%)
Daily average transaction volume: 3.01M (+8.3%)
Fraxtal: 7.6K (+19.9%)
Mode: 224.35K (+4.7%)
Base: 2.01M (+6.9%)
Zora: 83.83K (-14.1%)
Redstone: 44.06K (-19.05%)
OP Mainnet: 553.28K (+17%)
BOB (Build on Bitcoin): 66.27K (+35.2%)
Revenue-generating deployers on:
Base: 5,420 (-4.5%)
OP Mainnet: 1,036 (-0.3%)
Superchains: 6,132 (-4.05%)
Optimism’s average txn fee (today): $0.1275
OP Mainnet: 40,617 ETH
Base: 78,186 ETH
Zora: 13,626 ETH
Compared to Ethereum, L2 Superchain users saved a total of 132.429K ETH, or $511.8M 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: Velodrome’s Superchain is growing thanks to its partnership with Metal L2, further solidifying as the liquidity hub for everything on Optimism.
⚡Why it matters: Holders of $veVELO will be able to vote and decide on different $VELO emissions, while earning cross-chain rewards in return, empowering users and holders of the various chains. New chains are connecting with the Superchain, while simultaneously market buying $VELO, supporting the growth of the ecosystem and contributors.
⚡What it means for the broader ecosystem: VelodromeFi is taking position as the main decentralized exchange for Superchains by expanding to: Optimism, Lisk, Metal L2, Mode, and Build on Bitcoin (BOB), slappjakke.eth said on X. “The new chains are planning to accumulate veVELO voting positions and assigning grants for incentivization of liquidity,” he added.
⚡ TLDR: Velodrome’s partnership with Metal L2 is growing the ecosystem and putting more eyes on the Superchain as it provides value and rewards for users across participating chains.
What’s poppin’ on the Superchain
👤Total number of weekly active addresses on major Superchains:
Base: 1.21M
OP Mainnet: 650.52K
Zora: 134.35K
Mode Network: 43.43K
Base has emerged as a top destination for USDC, with the second highest liquidity after Ethereum at $2.974B, Moonwell, an open lending and borrowing app, posted on X
Optimism launches Retro Funding 4 and the Retro Funding App, allowing users to publish their projects on chain and apply for funding
Farcaster is providing Optimism’s Retro Funding 3 recipients with free sign ups
RISC Zero, a general purpose zkEVM, partnered with Optimism to bring ZK fraud and validity proof development to the OP Stack
From the Optimism Collective
Highlighting the companies, communities and citizens bound to the Optimism Collective.
Check out the new Optimism Foundation Mission Request looking into onchain analysis of Badgeholders, shared by Michael Silberling, a data analyst at OP Labs
Cyber opened early access to mainnet staking from May 22 to June 3, CYBER holders can opt-in to earn extra rewards
Aerodrome, a trading and liquidity marketplace on Base, flipped Uniswap’s UniV3 on Base, making it the primary volume hub for the chain at $201M (chart below)
Making headlines
Metal L2: The Banking Layer went on The Optimist’s podcast - Listen in
ICYMI: Watch Base’s latest Onchain Stories | Buildathon 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.
Onchain Summer II Buildathon takes place from May 31st to June 30th, submit your project here
Headed to Consensus? Base is sponsoring a BuildHerBrunch on May 30 at 11:30 am local time – RSVP here
Join the Token Relations’ quarterly webinar focused on Superchain Growth on May 31 from 1-2pm EST. Sign up here.
Applications for Retro Public Goods Funding Round 4 is open – check out the details
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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.