The Optimism Foundation is proposing a new mechanism to tie the OP token more closely to the growth of its Superchain ecosystem, unveiling plans to use 50% of Superchain revenue to repurchase OP tokens. Under the proposal, which is set to move to a governance vote on January 22, Optimism would initiate monthly buybacks starting in February, utilizing revenue generated from sequencer fees across chains built on the OP Stack. These include networks like Coinbase’s Base, Uniswap’s Unichain, World’s World Cha ...

RT Ignas | DeFi (@DefiIgnas)$BASE would likely trade $3.9B - $7.3B FDV if valued at $ARB, $OP or $LINEA FDV/TVL multiples.That puts it far below $AVAX (~$14B), Hedera (~$12B), BCH (~$11B), $IP, $ENA, $UNI and others.Even with Base posting the highest L2 chain revenue ($5M last month vs $1.6M for Arbitrum), it’s not enough to command a big premium.If Base was an L1, valuation would be way higher. But they’ve been clear: Ethereum alignment is their priority.Clearly, L2 tokens are cooked.Where Base can stand o ...

optimism collected $295m from coinbase to build base. they now control the tech stack for 40% of all l2 value through op stack infrastructure. $8.4b tvl runs on their rails but op trades at $1.8b like it's just another rollup competing for users. they own the picks and shovels. ...