Optimism launched the “Superchain” Superchain page: it has saved users 2.69 billion dollars in on-chain costs in the past two years

It is reported that Optimism announced the launch of the Ethereum L2 Base “Superchain” Superchain page on social media. Optimism said that it had saved users 2.69 billion dollars and 15.8 years of waiting time for transaction confirmation in the past two years. The Superchain was built on the OverPowered (OP) Stack, seeking to integrate the originally isolated L2 into an interoperable and composable system, which is a horizontally scalable chain network, sharing security Communication layer and open source development stack. In addition, Coinbase will join OP Labs to contribute to the mission of Optimism Collective.

Interpretation of this information:

Optimism, a popular layer 2 scaling solution for Ethereum, has announced the launch of its Ethereum L2 Base “Superchain” on social media. The company reported that it has saved users a staggering $2.69 billion and 15.8 years of waiting time for transaction confirmation by optimizing its platform over the past two years. Optimism’s Superchain is built on the OverPowered (OP) Stack and aims to bring isolated L2 platforms into a composable and interoperable system, allowing for a horizontally scalable chain network that shares a common communication layer and open source development stack.

The announcement is a significant milestone for Optimism, as it seeks to make transaction processes faster, more efficient, and cheaper for Ethereum users. The implications for the Ethereum community are substantial, as the Superchain could significantly improve Ethereum’s scalability problem, allowing for faster throughput and cheaper fees. Along with this, the Superchain enables developers to integrate and deploy smart contracts as part of the Optimism ecosystem, potentially creating millions in new economic value.

To support its mission, Coinbase will join forces with OP Labs, where it will contribute to the collective objectives of Optimism. Coinbase’s involvement in the project is a significant boost to the company, as Coinbase is one of the largest and most trusted cryptocurrency exchanges globally, imparting a high level of confidence and credibility to the project.

The three critical keywords to take away from this announcement are “Optimism,” “SuperChain,” and “OverPowered Stack.”

Optimism has emerged as a leading player in the Ethereum ecosystem, offering a practical solution to the platform’s scalability problems. The SuperChain is the latest development in the company’s efforts to build a more efficient and cost-effective ecosystem for Ethereum users. The OverPowered Stack is the foundational layer upon which the SuperChain is built, providing the chain with its composable and interoperable capabilities, and truly making it a “SuperChain.” Overall, this announcement is an exciting development for Ethereum, and if successful, it would establish Optimism as a dominant player in the Ethereum ecosystem.