Welcome to Superchain Sunday - our weekly newsletter!
The OP Stack accounts for 44.6% of all Layer 2 transactions. This last week, the Superchain saw on average 7.2M daily transactions, 37.1% of all Layer 2 transactions. The network boasts over 5,258 revenue-generating deployers, contributing to the Optimism Collective. To date, 15.7K ETH has been contributed to the Optimism Collective—Data Fetched from the Superchain Health Dashboard.
Superseed has officially joined the Superchain ecosystem. This move enhances Superseed’s ability to offer DeFi solutions to its users, leveraging the Superchain’s interconnected, scalable, and secure infrastructure. At the core of Superseed is the SuperCDP, a built-in Collateralized Debt Position system that functions as both a liquidity hub and a rewards engine. With the SuperCDP, users can lock assets like ETH, WBTC, and the Superseed token as collateral to mint and borrow the Superseed stablecoin.
By joining the Superchain, Superseded will be able to seamlessly interoperate between chains and benefit from shared updates, enhanced security, and economic incentives such as Retroactive Public Goods Funding. Read all about Superseed joining the Superchain Ecosystem here.
Worldcoin's World Chain is now live, offering blockchain access to over 15 million verified users with World ID. Designed to prioritize humans, it integrates anonymous verification and financial access, aiming to create a blockchain that benefits real-world applications. Supported by top partners like Optimism, Uniswap, and Alchemy, World Chain enables secure, scalable, and user-friendly blockchain experiences for verified individuals. Developers can now build for the largest on-chain verified user base, with features like gas allowances and seamless app integration. Read more here.
Mode has launched Season 3 with the introduction of veMODE, becoming the first Layer 2 to implement a vote escrow model for distributing incentives to ecosystem protocols. This upgrade to the current MODE staking module allows users to earn OP rewards while voting on incentive distribution. With $2M in incentives available, veMODE holders will have the power to direct these rewards to protocols crucial for Mode’s ecosystem.
Key innovations include staking without long-term locks, increasing voting power the longer tokens are staked, voting for protocols instead of pools, and giving protocols strategic control over their growth. Read the full details about Season 3 here.
Mint Blockchain has launched the NIPs Platform, a comprehensive developer suite designed to simplify NFT creation and foster innovation. It supports multiple NFT standards, including ERC-721 and ERC-1155, offering tools for contract deployment, minting, and marketplace integration. Key features include the NIP Factory for easy project development and tools like the Avatar, Inscription, and Tweet Tool to create unique NFTs with minimal effort. NIPs Platform also explores the intersection of NFTs and DeFi, bridging digital assets with decentralized finance. Learn to use the NIPs Platform here.
Velodrome Finance and Hyperlane have introduced "Superlane," an interoperability layer set to launch in November. Superlane aims to bring the benefits of the Superchain—such as shared liquidity, interchain governance, and interchain applications—without delay. Its modular design allows for a seamless transition to native Superchain interoperability once it’s available. Velodrome, a leading DEX on Optimism, will be the first to use Superlane, expanding its role as the liquidity hub for the Superchain. Superlane enables future-proof interoperability for all OP Stack rollups. Learn about Superlane here.
Optimism Foundation has introduced working models to guide its path toward full decentralization, as outlined in its Working Constitution. The Decentralization Milestone Model tracks key steps and dependencies needed to achieve full decentralization. The Governance Decision Diagram maps decision-making processes, helping the community gradually take over governance responsibilities. These flexible models allow for collaboration and adaptation over time, with governance roadmaps published each Season to guide progress. Read the full post here.
Agora has proposed an update to the Optimism governance contract that will enable direct onchain execution of treasury transfer proposals. Currently, proposals are voted onchain but executed manually by the Optimism Foundation. With this upgrade, OP token transfer proposals will be executed automatically onchain, moving the system closer to decentralization. Non-treasury token transfer proposals will continue to be executed by the Foundation.
This proposal also introduces minor fixes and a new Timelock contract, which adds a delay before executing successful proposals. The update will be audited, and if approved, the changes will be implemented without disrupting proposal creation or voting. A treasury transfer dry run will follow the upgrade to ensure everything runs smoothly. Read the full Proposal here.
The Superchain has grown to 40 different OP Chains, each with its flourishing Ecosystem. These are some extra stories to make your Sunday that much more Super.
