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February 25, 2025 at 10:00 AM
π°π Superchain will reach 80% of Ethereum L2 transactions in 2025 β Optimsm exec
- Sony, Coinbase, Kraken and Sam Altmanβs World are all building on Optimismβs OP Stack.
β‘οΈ Ethereumβs fragmented layer-2 ecosystem has given rise to a dominant market player in Optimism, whose Superchain collective has attracted builders from several major firms from across the blockchain industry and beyond.
π In an interview with Cointelegraph, Optimismβs chief growth officer, Ryan Wyatt, said Superchain now accounts for 60% of Ethereum layer-2 transactions. Itβs on track to reach 80% by the end of the year.
β‘οΈ In actual numbers, Superchain currently has more than $4 billion in total value locked and sees 11.5 million daily transactions, Wyatt said.
- Superchain is a collective of layer-2s that are using Optimismβs OP Stack to scale the Ethereum network. So far, companies such as Coinbase, Kraken, Sony, Uniswap and Sam Altmanβs World have joined the collective.
π βEvery chain in the Superchain helps create a flywheel effect by contributing revenue back to the Optimism Collective, participating in governance, and supporting core development of the OP Stack,β said Wyatt.
π Beyond just OP Stack developers, Ethereum layer-2s have seen significant growth over the past year. The total value secured across all Ethereum L2s peaked at around $55.5 billion in December, according to industry data.
π L2s are likely to see even bigger growth once interoperability upgrades are implemented. For MetaMask developer Consensys, solving this so-called interoperability puzzle is a key priority. The companyβs research director, Mallesh Pai, told Cointelegraph Magazine that crosschain swaps on L2s will be implemented this year.
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