Wormhole deploys on World Chain to expand transfers for three assets to over 30 chains
Optimism Weekly Overview - December 17, 2024
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Superchain Ecosystem Numbers
DeFi total value locked (TVL) across Superchain: $$5.5B (+3.77%)
Assets onchain: $25.8B (+5.74%)
Daily average transaction volume: 10.9M (+1.86%)
Base: 8.1M (+1.25%)
OP Mainnet: 1.0M (+0.1%)
World Chain: 638.9K (+0.61%)
Lisk: 282.3K (+25.18%)
Mint: 220.9K (+15.9%)
Revenue-generating deployers on:
Base: 6,160 (-15.73%)
Zora: 120 (-1.64%)
OP Mainnet: 1,230 (+0.57%)
Superchain transaction fee total savings vs L1s:
OP Mainnet: 46,900 ETH
Base: 182,300 ETH
Zora: 2,750 ETH
Compared to Ethereum, L2 Superchain users saved a total of 231,950 ETH, or $916,505,195 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: Interoperability platform Wormhole has deployed on World Chain, the blockchain deployed by World (formerly Worldcoin) built on the OP Stack.
⚡Why it matters: This integration will expand the World ecosystem assets to over 30 other chains, connected through Wormhole, by enabling transfers of tokens like WLD, USDC.e and WBTC.
In general, the Wormhole ecosystem has processed over one billion transactions across over 30 compatible blockchains including Ethereum, Base, Solana, Aptos, and Avalanche. Wormhole’s interoperability layer will integrate World Chain into the rest of its ecosystem, providing enhanced liquidity, scalability and security.
Wormhole uses technologies such as zero-knowledge proofs and liquidity bridges, while being secured by some of the top validators in the world (i.e. Chorus One, P2P Validator, Figment and more).
The goal of the Superchain itself has been to build a network of blockchains that share the same codebase, security, and communication layer. Core contributors are heads down to building Superchain Interop as well as driving the development of Ethereum-wide interop. Wormhole focuses on enhancing cross-chain communication, multi-chain application development and scaling bridges.
World Chain’s Proof of Personhood with World ID is built to enhance blockchain ecosystems by ensuring real users interact with dApps. The crypto project co-founded by OpenAI CEO Sam Altman, wants to ensure that verified humans get priority over bots. Its verification aims to ensure real, unique humans sign into apps, thus promoting fairness in actions like trading, voting, and ticket purchases, while fighting against the rising bot activity.
This integration can support developers building on World Chain with the ability to “reach millions of real humans with apps for everyday life” press release stated.
⚡What it means for the broader ecosystem: Interoperability with cross-chain communications and unified liquidity has been a key focus in blockchain development, as fragmentation has hindered developers and users. The problem of fragmentation in users and liquidity has caused insecure, slow and expensive cross-chain transactions.
The recent release of SuperchainERC20 was a key step in the shared mission of unifying around Ethereum-wide interop. This token standard eliminates complex processes like asset wrapping or liquidity pools and enables easy integration to Superchain Interop. Meanwhile, the World Chain integration with Wormhole further enhances the Superchain mission of greater interoperability.
What’s poppin’ on the Superchain
👤Total number of weekly active addresses by chain:
Base: 6.53M
OP Mainnet: 353.19K
Zora: 109.48K
Mode Network: 15.38K
Base reaches new milestone with one million ETH bridged to the network
Celo releases applications for Celo Citizen Retro program for projects enhancing the ecosystem
Modulus Labs joins Tools for Humanity, the team behind World, to create an applied research team
Swaps provider 0x goes live with its v2 on Mode
From the Optimism Collective
Highlighting the companies, communities and citizens bound to the Optimism Collective.
Celo Labs shares a proposal for Celo Halvening that reevaluates the network’s tokenomics
Read Arrakis Finance’s new research document on Unichain’s solution to fix MEV problems
Gelato Account Abstraction is live on Ink, removing the need for seed phrases, bridges and more
Making headlines
Coinbase’s Layer-2 Base Network Sees Record $1B DEX Volume (CoinMarketCap)
Grayscale launches Lido, Optimism investment funds (Cointelegraph)
Setting out for a cross-chain future: Moving data across blockchains (OP Labs)
Get into the OP Stack
Want to dive into the ecosystem full-time? Find the latest job postings here or get involved below.
Learn from Jesse Pollak, the creator of Base, about how onchain solutions can help people locally and globally
Read Optimism's recap of the Ethereum Interop Forum with top L2 players.
Watch the Supersim Experiment #1 on Multi-Chain Flash Loans with RiftLend
Join Base NYC this Friday to discuss projects, share ideas and support the community
Have questions for Ink ahead of its mainnet? Join its Discord
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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.