Mint launches L2 blockchain on public mainnet, built on the OP Stack

Optimism Weekly Overview - July 2, 2024

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: $2.74B (+1.9%)

  • Assets onchain: $14.26B (-2.7%)

• Daily average transaction volume: 4.29M (+1.90%)

  • Fraxtal: 3.1K (-51.41%)

  • Mode: 123.29K (-19.29%)

  • Base: 3.37M (+8.01%)

  • Zora: 134.3K (+2%)

  • Redstone: 48.14K (+15.89%)

  • OP Mainnet: 453.94K (-22.28%)

  • Kroma:149.72K (-13.56%)

• Revenue-generating deployers on:

  • Base: 5,855 (+3.04%)

  • Zora: 164 (-0.61%)

  • OP Mainnet: 1,049 (+1.16%)

  • Superchains: 6,549 (+2.76%)

• Optimism’s average txn fee (today): $0.0751

• Superchain transaction fee total savings vs L1s:

  • OP Mainnet: 7,328 ETH 

  • Base: 23,841 ETH

  • Zora: 1,515 ETH

  • Compared to Ethereum, L2 Superchain users saved a total of 32,684 ETH, or $111M 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: Mint, a layer-2 (L2) blockchain aimed at making NFTs more efficient and better at capturing user value, launched its public mainnet, built on the OP Stack and powered by NFT Labs and Optimism.

⚡Why it matters: Mint hopes to drive more innovation in NFT standards by guiding developers to explore NFT assets and devise new real-world applications. It aims to leverage the Optimism network and allow developers in the Ethereum ecosystem to extend their projects to the Mint network, greatly reducing the gas fee cost of onchain interactions. 

Additionally, as part of its involvement in the Superchain ecosystem, Mint can provide developers access to funding opportunities from the Optimism Foundation. From this, it hopes to foster innovation and drive growth to its 400,000 active user base and ecosystem partners such as wallet applications, security audits, and NFT protocols.

⚡What it means for the broader ecosystem: The launch of Mint’s public mainnet is a pivotal development for the project’s vision of NFTs being a fundamental part of everyone’s digital life. By enabling the seamless ownership of NFT assets, Mint looks to integrate NFTs into the daily digital lifestyle of users worldwide. With a robust infrastructure, multiple partnerships, and a growing community, Mint is hoping to offer user scalability and efficiency for all NFT use cases. 

This launch could shed light on the real world use cases that NFTs hold, as well as more attention to decentralized networks and the ability for anyone to participate in the usage of NFTs.

What’s poppin’ on the Superchain

👤Total number of weekly active addresses on major Superchains: 

• Base: 2.73M 

• OP Mainnet: 555.73K 

• Zora: 165.1K

• Mode Network: 29.61K  

• GameSwift launched its testnet for users to take part in its mainnet campaign and stress test various gaming decentralized apps

• Worldcoin announced its partnership with Alchemy to launch World Chain on the Superchain

• Stripe partnered with Coinbase to implement USDC on Base to its payment platform

• Virtuals Protocol announced its participation in Optimism’s Retro Funding 4 to continue to build AI agent libraries

From the Optimism Collective

Highlighting the companies, communities and citizens bound to the Optimism Collective.

• Users can create memes onchain through Zora’s integration of Canvas 

• Token Terminal reported over $7 billion has been bridged from the Ethereum L1 to the Superchain

• Ryan Wyatt, chief growth officer at Optimism, shared that about ~41% of all L2 transaction activity is conducted via the Superchain (pictured below)

Source: growthepie.xyz

Making headlines 

• Arbitrum, Base, and Optimism See 4x Transaction Growth This Year (BlockchainReporter)

• Kroma hosted an AMA and provided a recap article (Kroma on Medium)

• Coinbase Partners With Stripe to Support USDC on Base (Unchained Crypto) 

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. 

• Dive into the Superchain ecosystem at Superchain Space on July 8 at EthCC

• ​Join the Superchain community at Optimistic Gathering 2024, July 9 in Brussels 

• Take part in Season 6 of Optimism Governance to contribute towards strategic goals to optimize the Superchain

• Optimism teased its Superchain DeFi Festival, more info coming soon

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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.