• The Superchain captured 12.7% of total crypto transactions by H2 end and has maintained more than half of the total L2 market share by transactions since April 2025. • Aggregate Superchain GDP reached $415.4 million, led by Uniswap ($159.4 million), reflecting an App Revenue Capture Ratio of 10.1x relative to sequencer revenue. • Active loans across the Superchain rose 95.8% YoY to $1.95 billion, driven primarily by Morpho, whose outstanding loans surged to $1.19 billion following Coinbase integration. • Superchain transactions reached a new all-time high of 3.60 billion in H2 2025, up 44% since the end of June 2025, driven primarily by activity on Base and World. • Institutional adoption of the OP Stack accelerated, with Upbit, OKX, and EY-backed Nightfall deploying exchange-backed L2s and enterprise infrastructure. • Optimism’s long-term strategy is rooted in its vision for a “Superchain.” The OP Stack is a modular, open-source technology stack that enables the creation of L2 and L3 networks (OP Chains).
Article Summaries:
- State of the Superchain H2 2025
By the end of the second half of 2025, the Optimism‑based Superchain dominated the L2 landscape, handling 12.7 % of all crypto transactions and more than half of L2 activity. Total application revenue reached $415.4 million, with Uniswap ($159.4 million) leading, and an App‑Revenue Capture Ratio of 10.1× versus sequencer income. Active loans surged 95.8 % YoY to $1.95 billion, largely driven by Morpho’s $1.19 billion post‑Coinbase integration. Transactions hit a record 3.60 billion, up 44 % from June, powered by Base and World. Institutional uptake of the OP Stack accelerated, with 34 live OP Chains and new exchange‑backed L2s from Upbit, OKX, and EY‑backed Nightfall. TVL across the ecosystem climbed to $5.9 billion, a 278 % YoY rise, led by Base’s 1,845.5 % growth and OP Mainnet’s 153.7 % increase. The SuperStacks incentive program ended in June, yet TVL continued to rise, reaching $6.80 billion by year‑end.
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