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Superchain Sunday - Week 32, 2024

Welcome to Superchain Sunday - our weekly newsletter! Every Sunday, we will provide you with the latest news and updates in the world of the Superchain.
Welcome to Superchain Sunday - our weekly newsletter! Every Sunday, we will provide you with the latest news and updates in the world of the Superchain.

#️⃣Superchain Data

The OP Stack accounts for over 50% of all Layer 2 transactions. The Superchain sees 4.1M daily transactions, 36.2% of all Layer 2 transactions. The network boasts over 5,500 revenue-generating deployers, contributing to the Optimism Collective. It is estimated that 260.6 ETH will be contributed to the Optimism Collective in August—Data Fetched from the Superchain Health Dashboard.

⛓️ What's Hot in Superchain?

Decentralized Identity through Worldcoin

At Superchain Space, we had the opportunity to sit down and talk with DCBuilder from the Worldcoin Foundation. We delved deeper into how they plan to World Chain. DCBuilder shared insights into different solutions that World ID offers. We also explored goal of building a human-centric blockchain on the Superchain and the future of Worldcoin. Check out the full interview here.

Mode, Zora and Metal L2 transferred their keys to Optimism Security Council

This week, ownership of upgrade keys for L1 contracts of three OP Chains—Mode Network, Zora, and Metal L2—deployed on Conduit was transferred to the decentralized Optimism Security Council. This move is a significant step in the journey towards full decentralization and aligns with Optimism’s Superchain vision. The handover is crucial for enhancing the security and censorship resistance of these rollups as they transition to decentralized governance. Next Stop: Stage 1. Read more here.

Zora Bringing Secondary Markets Onchain

Zora has brought secondary markets on-chain, transforming the way creators and collectors interact. By integrating with Uniswap, Zora enables collectors to buy and sell even after the minting period ends, while creators continue to earn through new onchain royalties called Secondary Rewards. This upgrade creates a more liquid, efficient market and enhances the overall experience for both creators and collectors. Read the full blog here,

Polynomial Chain is Live

On August 8th, Polynomial Superchain went live. The L2 offers significant advancements in DeFi and onchain derivatives. Polynomial Chain is an L2 designed for hyperscale onchain derivatives trading, tackling the scalability and liquidity challenges present in the current DeFi ecosystem. Leveraging the Superchain Ecosystem provides enhanced scalability, reduced gas fees, and robust security through the Ethereum mainnet. Staking on Polynomial is now live! Users can now stake their assets on polynomial.fi and earn rewards. To get started with staking and earning rewards, use the exclusive invite code OPTMSM. Read all about it here.

Orderly Tokenomics Announced

is launching its $ORDER token, with a total supply of 1 billion tokens. The distribution includes 55% for ecosystem development (including airdrops), 20% for the team and advisors, 15% for strategic investors, and 10% for the Orderly Foundation treasury. Staking $ORDER allows token holders to earn 60% of net trading fees and participate in decentralized governance, influencing decisions on protocol upgrades, treasury management, and other key aspects of the platform. Additionally, $ORDER plays a crucial role in boosting trading and market-making rewards, with more utilities planned for future integrations. Read the full details here.

🏛️ Governance Corner

GameSwift Token Burn Decision

GameSwift DAO has proposed a significant upgrade to the $GSWIFT Tokenomics by implementing a large token burn. The plan includes burning 440,460,000 $GSWIFT tokens, representing over 32% of the total supply, to reduce inflation and enhance token value. Additionally, 174,000,000 $GSWIFT tokens will be retained for strategic initiatives and included in the circulating supply to boost transparency and liquidity. This move aims to align market metrics and support long-term growth for $GSWIFT. Voting on this proposal ends on Wednesday, August 14th. Read the full proposal here

🔴Superchain Extra’s

The Superchain has grown to 29 different OP Chains, each with its flourishing Ecosystem. These are some extra stories to make your Sunday that much more Super.

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