The OP Superchain Roundup #13
π Welcome to the 13th edition of The OP Superchain Roundup! πΒ
Join us as we uncover the exciting world of the Optimism Ecosystem. In this newsletter, we'll bring you all the latest updates and developments on the OP Ecosystem. Let's get started!
Major happenings in the Ecosystem
OP Mainnet
What if Ethereum never had L2 rollups?
A recent report from blockchain infrastructure unit Chainstack simulated the hypothetical scenario where Ethereum operates without L2 rollups.
Without Layer-2 rollups, Ethereum fees would be between 360% and 419% higher, and transaction times would be nearly twice as long.
Rollups help address the scalability issue of Ethereum by offloading some of the transaction pressure.
Rollup usage has grown over the past two years, with Arbitrum and Optimism handling more daily transactions than Ethereum mainnet.
Rollup transactions have become a vital part of Ethereum's functioning and network efficiency.
Despite the popularity of rollups, Ethereum gas fees have still seen an uptrend between 2021 and 2023.
Celo
Celo Developer Seeks Mid-January Evaluation for Layer-2 Stack
The primary developer of the Celo blockchain, cLabs, has proposed a timeline for evaluating technology providers for its new layer-2 network.
The evaluation process is expected to be completed by mid-January and involves seeking community feedback on the selection framework.
Initially, the default provider for Celo's layer-2 network was OP Stack from the Optimism ecosystem, but competing proposals from Polygon and Matter Labs have emerged.
Celo's choice of a layer-2 technology provider has become a competitive battle due to the desire to establish dominant layer-2 ecosystems.
The priorities for the evaluation include simple migration, low gas fees, and Ethereum compatibility.
The proposal emphasizes the importance of selecting projects that have been audited, deployed, and proven in production.
The decision does not directly compare metrics like TVL or transaction count but focuses on the specific technical and non-technical needs of Celo's layer-2 project.
OpBNB
OpBNB's Adoption Soars
OpBNB, BNB Chain's Layer 2, is experiencing a surge in adoption with throughput rivaling that of the BNB Chain mainnet.
OpBNB's throughput accounts for 48% of the combined throughput of Ethereum and its entire Layer 2 ecosystem.
BNB Chain plans to double OpBNB's maximum throughput from 100 TPS to 200 TPS with future upgrades.
OpBNB is building on top of the OP Stack, the modular tech stack from Optimism, which aims to create an interconnected ecosystem of networks called the "Superchain."
Highlights of the Week
Proposal: ApeChain on the Superchain
The ApeCoin community suggests assigning a team responsible for deploying, managing, and operating ApeChain.
The proposal suggests building ApeChain on the Optimism Superchain, aiming to scale revenue models and benefit from battle-tested blockspace infrastructure.
Benefits of ApeChain on the Superchain include easy deployment and maintenance, a voice in Optimism's governance system, a revenue stream from transaction fees, and access to innovation and upgrades.
The Optimism Collective has been engaging with the ApeCoin community to establish a collaboration between the Superchain and the ApeChain.
Key terms include a commitment to the Law of Chains, funding public goods through RetroPGF, Optimism governance participation, and strategic partnership alignment.
The overall cost of launching ApeChain includes data submission to L1, ecosystem tools and infrastructure, sequencer infrastructure and operations, and human resources.
The ApeCoin community expresses interest in collaborating with Optimism and the Superchain, seeking unique utility and ways to engage the Web3 Ape-oriented community.
Thatβs it for today, folks. See ya next Friday. π§’