#️⃣ Superchain Data
The OP Stack accounts for 44.0% of all Layer 2 transactions. This last week, the Superchain saw on average 7.4M daily transactions, 36.6% of all Layer 2 transactions. The network boasts over 5,622 revenue-generating deployers, contributing to the Optimism Collective. To date, 15.8K ETH has been contributed to the Optimism Collective—Data Fetched from the Superchain Health Dashboard.
⛓️ What's Hot in Superchain?
Ink Joins the Superchain
Ink by Kraken is now part of the Superchain, aiming to bring seamless DeFi access to Kraken's 10+ million users worldwide. By leveraging Optimism's OP Stack, Ink seeks to create a capital-efficient ecosystem where innovation thrives, community is prioritized, and everyone enjoys the benefits. Ink will create this ecosystem by enabling access to DeFi from a trusted OG in Kraken, Providing everything users need, from onramp to onchain, Establishing a fresh, user-centric experience and embracing interoperability and innovation. If you're a builder heading to Devcon, sign up for their first event. Builders can meet the Ink team and learn firsthand what to expect when building on Ink. Learn more about Ink here.
Funki Joins the Superchain
Funki has joined the Superchain, bringing a new focus on fun, on-chain gaming, and social experiments. As a fun-first Layer 2 built using the OP Stack, Funki aims to be a playground where innovative ideas come to life. They are dedicated to building an ecosystem that supports bold and persistent experiments, contributing to the Superchain's mission of building the next Internet together.
Funki has secured an OP Grant to bootstrap its ecosystem growth. The grant will be used to empower builders with a suite of open-source and gamified tools, helping them bring their ideas to life and scale within the Superchain. With a mainnet launch coming soon, Funki is committed to staying optimistic, shipping fun projects, and growing the Superchain collaboratively. To learn more about Funki, read here.
Kroma Season 1 Airdrop
Kroma has announced the launch of its native token, KRO, along with details for the Season 1 Airdrop starting on October 30, 2024, at 1 AM UTC. The airdrop will reward early supporters, partners, and builders who have contributed to the Kroma ecosystem. Although the Season 1 snapshot has been taken, there will be more opportunities to earn rewards in Season 2. Additional information will be released soon.
Cyber and Mint onboarded to Optimism Governance
Cyber and Mint have become the first chains to onboard Optimism Governance through the Chain Delegation Program. This program enables OP Chains to participate directly in governance as delegates, allowing them to influence protocol upgrades, elect leaders like the Security Council, and shape governing documents that apply to the entire Superchain ecosystem. The Chain Delegation Program is designed to empower chains that are primary stakeholders in the Superchain's governance.
By joining this program, Cyber and Mint aim to actively contribute to the development and direction of the Superchain. They seek to represent their communities in governance decisions and collaborate with other stakeholders to enhance the ecosystem. Their participation marks a significant step toward a more inclusive and collaborative governance model within Optimism. To learn more about the Chain Delegation Program, click here.
Build on Bitcoin, the Hybrid L2
Build on Bitcoin has introduced the Hybrid L2, a new model that combines Bitcoin's security with Ethereum's DeFi innovation to position Bitcoin as the backbone of decentralized finance. The Hybrid L2 enables trust-minimized BTC deposits and withdrawals by inheriting Bitcoin's security and utilizing technologies like BitVM. This approach allows for a secure, interoperable platform where Bitcoin liquidity is fully utilized in DeFi.
The Hybrid L2 also features a trust-minimized Ethereum bridge powered by Bitcoin finality, offering Ethereum users a seamless DeFi experience with assets secured by Bitcoin. Build on Bitcoin’s roadmap includes:
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Phase 1 (Live): Operating as an Ethereum L2 to improve Bitcoin's user experience in DeFi.
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Phase 2 (In Progress): Enhancing security with Bitcoin finality and introducing trust-minimized BTC bridging.
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Phase 3: Transitioning to a full Bitcoin rollup using optimistic rollup technology via BitVM.
To learn more about the Hybrid L2 vision, read the Hybrid vision here.
🏛️ Governance Corner
Optimism Season 7 CFC Membership
The Optimism Collective has announced the Season 7 iteration of the Collective Feedback Commission (CFC) membership, introducing a new selection method aimed at enhancing transparency and objectivity. Instead of relying on delegation rankings or less transparent processes, members are now chosen based on their demonstrated contributions and expertise in relevant domains, verified through attestations issued by the Foundation.
Participants for the upcoming term (November 2024 to June 2025) have been selected across various tracks, including Operational, Organizational, and Design Research. While this iteration focuses on contribution-based selection, the Collective plans to continue experimenting with different selection methods in future seasons to further refine the process. Read more about the CFC here.
🔴Superchain Extra’s
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.
