What Happened on June. 20th | OP Stack is Popular

TI Research

While Arbitrum dominates Ethereum Layer 2 landscape in terms of daily active users, total capital locked, and new projects, Optimism has continued to attract major players in the industry to build on its OP stack.

The OP stack is a standardized, open-source development stack maintained by the Optimism Collective. The OP stack is designed to be modular and extensible, so that it can be used to build a variety of different L2 blockchains.

Some of the most prominent companies and builders are building Layer 2 chains using OP stacks. In February, Coinbase announced it will develop an Ethereum Layer 2 blockchain using OP stack. On May, Worldcoin, the crypto project launched by OpenAI CEO Sam Altman, announced it will support the Optimism Collective in brining the Superchain vision to life and build a scalable blockchain ecosystem built on the OP stack. World ID will be also available on OP mainnet.

On Monday, BNB Chain said it will build a Layer 2 opBNB using the OP stack.

Optimism has a potential to see a huge influx of users coming from Coinbase's Base L2 and Worldcoin commiting to building on top of OP's Superchain. While the potential influx of new users are promising, it is still unclear how $OP token could capture the value created by these projects building using the OP stack.

Biggest Gainers & Losers

Source:TokenInsight Gainers and losers

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Layer 2


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