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.

The Optimism Weekly Overview is back with the latest updates on Superchain, including Base hitting all-time highs in daily transactions and TVL.

We’re also highlighting some of the biggest headlines and upcoming events in the Optimism ecosystem.

Let’s dive in.

Superchain Ecosystem Numbers

Here’s a quick look at the numbers for the week:

DeFi total value locked (TVL) across Superchain: $4.6B (+4.55%)

Assets onchain: $20.1B (+9.24%)

Daily average transaction volume: 9.4M (+3.3%)

Base: 7.1M (+2.9%)

OP Mainnet: 891.5K (+2.37%)

World Chain: 480K (+9.22%)

Mint: 174.3K (-4.18%)

Kroma: 156.2K (-4.29%)

Revenue-generating deployers on:

Base: 7,275 (-10.15%)

Zora: 141 (-1.4%)

OP Mainnet: 1,218 (+1.08%)

Superchain transaction fee total savings vs L1s:

OP Mainnet: 33,430 ETH

Base: 125,179 ETH

Zora: 2,005 ETH

Compared to Ethereum, L2 Superchain users saved a total of 160.6K ETH, or $532.7M 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: Base, a layer-2 network built on the OP Stack, hit 9.72 million daily transactions and nearly $3.5 billion in TVL on Monday, marking all-time highs in these categories, according to DefiLlama.

Why it matters: Base’s September 21st network outage didn’t stop the chain from scaling as it hit new peak metrics.

The network accounts for 75.5% of total transactions and 73.1% of TVL within the Superchain, according to data from the Superchain Health Dashboard. This highlights the network’s growing market share in the Superchain ecosystem and potentially the overall L2 landscape.

The transaction volume on Base has grown since the network’s outage about two months ago. At that time, Base had 4.26 million in transaction volume. In general for network outages, it can be seen as FUD for why people shouldn’t use the chain. This counterpoint being its potential inability to handle high amounts of volume during times of increased usage. However, contrary to other incidents, since that one, the network was able to recover and saw a 139% increase in volume.

Base also saw an 84% increase in TVL since September 21, from $1.9 billion to $3.5 billion, showcasing users still are using the network despite its downgraded performance. TVL is often a metric that can indicate trust users may have in the network because they are locking funds up for a period of time. So Base’s rise is a good benchmark that indicates developers keep innovating and users keep transacting on the network.

What it means for the broader ecosystem: Since Base is a part of the Superchain, its successful network metrics also elevate the bigger ecosystem. This is because Base operates under the Superchain’s standardized revenue-sharing model and contributes 2.5% of chain revenue or 15% of onchain profit to the Optimism Collective.

Base's upward trend may encourage more developers to build on the OP Stack and join the Superchain ecosystem because of its established user engagement and incentive programs.

What’s poppin’ on the Superchain

Total number of weekly active addresses by chain:

Base: 6.5M

OP Mainnet: 294.14K

Zora: 99.48K

Mode Network: 13.59K

Mode Network launched its AI Agent App Store that lets users deploy their own AI Agents

Simulacrum shared it will launch its social AI agent creation network using Base

Build on Bitcoin hit all-time highs recently for:

TVL at $264.8M on Nov. 21

Volume at $15.1M on Nov. 22

Source: DefiLlama

From the Optimism Collective

Highlighting the companies, communities and citizens bound