The Superchain Ecosystem Health Report provides a clear update on its growth, financial performance, and innovations.
The Superchain Ecosystem Health Report is produced by Superchain Eco for the contributors of the Superchain, to provide a clear update on its growth, financial performance, and innovations. It highlights key developments, governance changes, and future goals, focusing on advancing interoperability, strengthening the ecosystem, and building a user-owned internet that benefits everyone.
The Superchain ecosystem showed remarkable growth in November, driven by increased financial performance, adoption, and ecosystem innovation.
With 43 chains in its ecosystem, the Superchain's market share among Layer 2s reached an all-time high of 47.5%. In November, it processed approximately 269 million transactions and achieved a daily average of 9.6 million transactions, with Base leading this growth.
November marked an excellent month for OP Chains revenue, recording $11.7 million, a 154.3% month-over-month (MoM) increase from October's $4.6 million. Despite a rise in operating expenses, driven primarily by a surge in Blob storage costs, the ecosystem maintained a substantial % profit margin of 95%, yielding $10.9 million in profit, up 138.5% MoM.
The Superchain's Total Value Locked (TVL) reached an all-time high of $4.9 billion, a 34.3% MoM increase. Additionally, total onchain assets within the Superchain reached $22.6 billion, reflecting a 51.8% MoM growth, further demonstrating that the Superchain is capturing more market share.
Ecosystem expansion continued with the addition of Build on Bitcoin and Swell L2 and the adoption of new token standards like SuperchainERC20, which streamlines cross-chain asset transfers.
This report provides a detailed analysis of the Superchain's performance, growth drivers, and strategic updates.
In November, the Superchain experienced a significant increase in expenses due to Blob costs, which rose sharply from $22.3K in October to $640K in November. This substantial rise was fueled by growing user demand for Blob storage, which required increased expenditures to meet escalating data requirements.
Despite the higher expenses, the Superchain ecosystem maintained a 95% profit margin. Chains collectively generated $11.7M in revenue, incurred $762K in expenses—an 89.7% increase from October—and retained a gross profit of $10.9M.
Chains built on the Superchain contribute up to 2.5% of their revenue or 15% of their profit toward the development of the Optimism Collective. Currently, cumulative contributions made to the Collective stands at 16.4K ETH, reflecting a 2.3% increase from the previous month’s 15.8K ETH.
In November, the OP Collective generated 569.5 ETH in monthly revenue, marking a 69.4% increase from October’s 363.2 ETH. Notably, while the OP Mainnet contributed 221.62 ETH, Base outperformed with a contribution of 347.92 ETH, highlighting its impact on the financial health of the Superchain ecosystem.
Base's contribution surged as daily active addresses and transaction volumes hit all-time highs. Each day, 1.3 million active addresses conducted approximately 4.2 million transactions. This heightened activity directly boosted revenue for Base and the OP Collective.
Over the past months, the Superchain has demonstrated significant growth in market share (measured by transactions) across Layer 2 (L2) solutions. By November, the Superchain's market share climbed to 47.5%, up from 43.2% in October and 36.7% in September, reflecting increased adoption and utilization of the OP Stack.
In November, 25 chains built on the Superchain collectively processed 269.3M transactions, with transaction volume reaching $21.1B. Base led the growth with a 21.5% month-over-month increase, handling 7.4M transactions, while OP Mainnet followed with approximately 895.6K transactions. Overall, the Superchain ecosystem recorded an average of 9.6M daily transactions.
In November, the average daily active addresses on the Superchain dropped to 1.2 million, down from a peak of 1.4 million in October, representing a 19% month-over-month decline.
Base recorded approximately 1.03 million daily active addresses, reflecting a 60% increase since early August, highlighting its growing popularity and user engagement.
A closer analysis shows that specific sectors have driven the growth of daily active addresses on the Superchain. For instance, social apps like Farcaster on OP Mainnet accounted for 15.5% of active addresses, reflecting strong interest in decentralized social networking. Additionally, with the rise of AI agents and launch of Base AI Kit and Mode AI App store, AI bots contributed 6.5% of active addresses, demonstrating the increasing role of automated services and tools within the ecosystem.
The Superchain’s total value locked (TVL) hit a record $4.9 billion in November, up 34.3% from $3.6 billion in October.
The majority of the Superchain's TVL is concentrated in Base, which alone accounts for approximately 74% of the total, with its TVL peaking at $3.3 billion in November.
While Base leads in TVL, other chains such as OP Mainnet, Mode, and Build on Bitcoin also contribute significantly, with respective TVLs of $734 million, $197 million, and $230 million. This diversification indicates a healthy ecosystem where multiple chains can thrive simultaneously.
The growth in TVL highlights the Superchain's ability to capture market share, showing increased user confidence and interest in locking capital within its ecosystem.
The total value of all tokens onchain within the Superchain ecosystem saw significant growth in November, reaching $22.6 Billion—a 51.8% increase from $14.9 Billion in October.
Notably, approximately 18% of these assets are stablecoins, amounting to $4.9 billion. The growth in stablecoins across the Superchain, is driven by the higher yields being offered on stablecoins within the various OP Chain ecosystems. These attractive yields are enhancing liquidity and drawing more users to DeFi activities.
Build on Bitcoin (BOB), a hybrid Layer-2 blockchain, has joined the Superchain to drive Bitcoin DeFi innovation. Using the OP Stack, BOB combines Bitcoin’s security with Ethereum’s flexibility, enabling BTC-backed products, Liquid Staking Tokens, and developer tools.
In addition, Swell L2 migrated to the Superchain to leverage OP Stack’s interoperability to position itself as a restaking hub for the ecosystem.
The Optimism Collective awarded 11.9M OP to OP Chains during Season 6, with recipients including Base, Mode, Build on Bitcoin, and others. These grants aim to kickstart new projects and boost yield opportunities, driving growth and innovation across the Superchain.
The introduction of SuperchainERC20, based on the ERC-7802 token standard, aims to change token transfers across the Superchain. This innovation, co-developed by OP Labs, DeFi Wonderland, and Uniswap, enables native burning and minting capabilities, significantly streamlining cross-chain liquidity management and improving the overall user experience.
Similarly, the adoption of ERC-7683, developed by Across Protocol and Uniswap Labs, established a unified framework for cross-chain actions in intent-based systems. With support from Optimism, Mode, and Worldcoin, this standard accelerated asset transfers and improved interoperability across the Superchain.
Guide to Optimism Season 7
Season 7 of Optimism Collective Governance focuses on shared success and interoperability, uniting the entire community—Token House, Citizens’ House, OP Labs, and the Foundation—around common goals. All efforts will work towards 1 Intent, enabling a set of interoperable Stage 1 chains doing $250m per month in cross-chain asset transfers.
Governance has been streamlined, with the Citizens’ House now ratifying Intents alongside the Token House, and councils like the Grants and Security Councils gaining more autonomy. Funding processes are moving onchain for greater transparency, with 10M OP allocated for grants and additional pools for builders and tooling. Decentralization also advances, with a fully elected Security Council and improved governance processes to reduce reliance on the Foundation. These changes aim to strengthen collaboration, transparency, and progress across the ecosystem.
With market share climbing to 47.5% in November, the Superchain is solidifying itself as a leader in the Ethereum Layer 2 landscape. Its total value locked (TVL) surged to a record $4.9 billion, while total onchain assets grew by 51.8%, reaching $22.6 billion, as capital flowed heavily into the ecosystem.
As Season 7 unfolds, the Superchain will focus on pushing a set of Stage 1 chains to achieve $250M per month in volume, paving the way for building the new internet. By advancing interoperability, enabling seamless liquidity flow, and onboarding more chains, the Superchain is driving toward a user-owned internet that benefits all.
