Cozy Finance na Optimismu byl znovu napaden a útočník odčerpal zhruba 170 000 USD, které během 13 minut přesunul pryč. Jde o druhý útok na protokol po ztrátě asi 427 000 USD v srpnu 2025.
Blockchain security firm Blockaid flagged a Cozy Finance exploit on Optimism early Monday. The attacker drained roughly $170,000 and bridged the funds out within 13 minutes.
Cozy Finance runs protection markets that let users buy cover against DeFi failures. An earlier Optimism attack cost the protocol about $427,000 in August 2025.
Attacker Bridged the Money Out in 13 MinutesThe exploit transaction landed at 05:43 UTC on Monday, according to OP Mainnet explorer data. It moved about 163,326 USDC.e out of the protocol across 63 token transfers.
Meanwhile, the same transaction burned roughly 1.6 million Cozy PToken (CPT). The attacker then approved a token and pushed the funds through a bridge at 05:56 UTC.
That exit came before Blockaid published its alert. Explorer records show no further movement from the wallet since.
The attacker also prepared well ahead. Records show the attack contract went live on September 2, five days before the drain. The wallet drew its first funds from a Relay solver.
Blockaid also named Cozy Set (CSET) as the abused token contract. That contract remains unverified and still holds about $4,168 in USDC.e.
🚨Community alert:
Blockaid detected an ongoing exploit on @cozyfinance on Optimism.
170k$ drained so far.
More details in 🧵
— Blockaid (@blockaid_) September 7, 2026
Blockaid. Source: XCozy Finance Exploit Repeats a 2025 FailureThis is not the protocol’s first loss on Optimism. An attacker took about $427,000 in August 2025, security firm Verichains found.
The flaw sat in the withdrawal code, which never checked who completed a redemption. Cozy Finance now ranks fifth among insurance protocols on DefiLlama, holding about $1.3 million.
DefiLlama listed roughly $172,000 on the Optimism side. Therefore, the attacker appears to have swept close to the entire deployment there.
Similar raids keep landing across DeFi. Notional Finance lost $1.73 million last week to an integer overflow bug. Days earlier, Full Sail wound down operations after an attacker took roughly $91,000.
Monday brought a far larger case as well. Roughly $320 million in Bitcoin left the Liquid Network, and the actors claimed white hat intentions on-chain.
However, early loss figures often move. Blockaid first sized an August Flow exploit at $9.3 million before the network put the damage near $410,000.
Blockaid promised more detail as it traces the money. The sum is small, yet a second breach on the same chain raises harder questions.
Optimism schválil, že 50 % čistých příjmů Superchainu půjde na opakované zpětné odkupy OP po dobu 12měsíčního pilotu. Rozhodnutí prošlo s podporou zhruba 84 % a přesměruje asi 49 milionů USD z tokenů.
Optimism’s Token House just voted to redirect roughly $49 million worth of OP tokens, and the beneficiary is not the user base. A January 2026 governance proposal passed with approximately 84% support, rerouting half of the Superchain’s net revenue toward recurring OP token buybacks over a 12-month pilot period.
The Superchain, Optimism’s network of OP Stack-based chains, generates net revenue from sequencer fees and related activity. Under the newly approved plan, 50% of that revenue gets funneled into systematic OP token buybacks on a recurring basis across the pilot year.
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The vote cleared through the Token House, Optimism’s primary governance chamber where OP holders weigh in on financial policies and treasury allocation. Getting 84% approval in a governance vote is not trivial. Most contested DeFi governance proposals scrape by with slim majorities. That said, governance participation rates in on-chain systems tend to skew toward larger holders, which means the 84% figure reflects who showed up to vote, not necessarily the sentiment of every OP holder.
Optimism has historically leaned on direct token distributions as a tool for community building. Airdrops, retroactive public goods funding, and user incentive programs have been central to how the protocol attracted and retained participants. This vote marks a deliberate turn away from that playbook, deploying revenue instead to reduce circulating supply.
It also raises a subtler governance question. The team that cast the deciding vote here was funded by the Optimism Foundation itself. When a protocol-affiliated entity holds enough voting power to tip a proposal that redirects tens of millions away from users, the independence of the outcome becomes worth examining, regardless of how the final tally looks.
Optimism’s governance structure will face scrutiny as the buyback program runs. Token House votes on treasury allocation have historically been a place where large holders and affiliated entities can punch above their weight. If the 12-month pilot delivers on price stability without visibly harming developer activity, the model will likely get extended.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Správci Optimism schválili přesun 546,9 milionu OP z uživatelských airdropů do Strategic Ecosystem Fund pod kontrolou nadace. Podle reportu jde asi o 49 milionů USD v OP.
For Optimism users who treated airdrops as the default path to OP exposure, the latest governance outcome is a sharp reset. Instead of keeping 546.9 million OP in the user airdrop bucket, token delegates approved a shift into a Foundation-controlled Strategic Ecosystem Fund. The original report describes the move as roughly $49 million in OP value moving away from users.
The allocation is significant not because of one grant, but because it changes the distribution logic. User airdrops are visible, predictable, and relatively easy for retail participants to model. A strategic fund controlled by the Foundation is a different instrument entirely: it can fund builders, liquidity programs, infrastructure work, or partnerships over several quarters, but those choices are not bound to a user-facing schedule.
What the vote actually redirects The plan moves the full 546.9 million OP out of the airdrop bucket. That creates an immediate question about whether future airdrop rounds will shrink. Optimism had used airdrops as both reward and retention mechanics across multiple seasons. Removing such a large block from that pipeline reduces the amount available for direct distribution to users unless the Foundation later reallocates portions back through other campaigns.
The Strategic Ecosystem Fund gives the Foundation more discretion over timing and counterparties. In practice, that can be useful for competing with other Layer 2 networks that are using grants and incentives to court developers. But it also concentrates decision-making. A Foundation-controlled pool is not the same as a programmatically scheduled user allocation, and token holders may not get line-of-sight into every deployment.
Why a single vote became the story According to the report, an Optimism-funded team held the deciding vote. That detail carries governance risk. An entity receiving money or grants from the ecosystem was able to alter the allocation model for the broader community. Whether or not the vote was legitimate under the existing rules, the optics are delicate: delegates with financial ties to a project’s treasury can move resources away from retail users without the same consequences a neutral voter might face.
This type of outcome is part of a wider pattern across Ethereum rollups. Treasury management and grant distribution have become competitive arenas, and developer activity often follows the chain with the most aggressive but credible incentive programs. Chains with the strongest developer activity tend to have active ecosystem funding, so the OP allocation is not just an accounting change; it shapes where builders may decide to commit resources.
Market implications and the transparency test The direct impact on OP’s market price is not straightforward. If fewer tokens flow to airdrop recipients, some of the immediate sell pressure that often follows distribution events may not materialize. But those tokens still exist and may eventually enter circulation through grants, liquidity incentives, or Treasury deployments. The timing is less visible, and that can make it harder for traders to assess supply pressure.
There is also a user sentiment cost. Airdrop communities tend to react badly to decisions that reduce retail allocation, especially when a vote is decided by an ecosystem-funded team. If the move looks like internal reallocation rather than user-facing growth, engagement could weaken, and reduced on-chain activity could offset any benefit from a more strategic deployment of capital.
Some of the redirected OP could eventually flow toward infrastructure and AI-driven Web3 application stacks, similar to the types of partnerships the sector has been courting. But the source material does not provide a public breakdown of specific allocations. That opacity will be the next test for OP holders. The community will likely watch whether the Foundation publishes clear milestones and whether any portion of the 546.9 million OP cycles back to user incentives under a different label.
The vote leaves Optimism with a different distribution profile than many token holders may have expected. A Foundation-controlled Strategic Ecosystem Fund cannot offer the same predictability as a user airdrop allocation, and the deciding vote from an Optimism-funded team ensures that governance process will be scrutinized as closely as the allocation itself.
AUTHOR
Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.
Coinbase ukončí podporu vkladů a výběrů DAI na Avalanche, Arbitrum a Optimism od 17. srpna 2026. DAI zůstane na Coinbase podporován jen na mainnetu Ethereum.
Coinbase is pulling the plug on DAI deposits and withdrawals across three major Layer 2 and alternative networks. Starting August 17, 2026, users will no longer be able to move DAI through Avalanche, Arbitrum, or Optimism on the platform.
The stablecoin will still be supported on Ethereum’s mainnet. But for anyone who’s been routing DAI through those faster, cheaper networks, it’s time to rethink the workflow.
What’s actually changing Coinbase first flagged the change back around July 13, 2026, and dropped a reminder on August 12 as the deadline approaches. The mechanics are straightforward: after August 17, any attempt to deposit or withdraw DAI via Avalanche, Arbitrum, or Optimism through Coinbase will simply stop working.
One important wrinkle: DAI isn’t actually listed for trading on Coinbase. The exchange only supports deposits and withdrawals of the token on certain networks. So this isn’t about delisting a trading pair. It’s about narrowing the infrastructure pipes through which DAI can flow in and out of the platform.
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Users holding DAI on those networks will need to either bridge their tokens to Ethereum before the cutoff or find alternative routes. Ethereum remains the one supported highway for moving DAI through Coinbase after the deadline.
And DAI isn’t alone in getting trimmed. Coinbase is also ending support for USDC on the Noble network and cbETH on various Layer 2 networks on the same August 17 date.
Why Coinbase is consolidating DAI, issued by MakerDAO, was designed to be a decentralized stablecoin usable across multiple blockchains. It’s pegged to the US dollar and backed by crypto collateral rather than bank deposits. The token has historically seen the lion’s share of its activity on Ethereum, which makes the decision to keep that network supported while pruning others a logical one from a volume perspective.
Arbitrum, Optimism, and Avalanche are all networks that offer faster and cheaper transactions than Ethereum’s mainnet. They’ve grown substantially as scaling solutions for DeFi users looking to avoid Ethereum’s sometimes painful gas fees. But for a centralized exchange like Coinbase, the question isn’t whether those networks are useful in general. It’s whether enough DAI is moving through them on Coinbase specifically to warrant continued support.
What this means for DAI users The immediate practical impact falls on a specific subset of users: those who deposit or withdraw DAI through Coinbase using Avalanche, Arbitrum, or Optimism. If that describes your setup, you have until August 17 to adjust.
The simplest path is bridging DAI to Ethereum before the deadline. Alternatively, users could withdraw DAI to a self-custody wallet on any of the affected networks and manage it outside of Coinbase entirely.
The bigger signal here is strategic. Coinbase has been methodically trimming its network support across multiple tokens, and the August 17 batch of changes covering DAI, USDC on Noble, and cbETH on Layer 2s suggests this is an ongoing program rather than a one-time adjustment.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
OP Mainnet má od začátku roku 2024 trojnásobek měsíčních transakcí a ve 4. roce vzrostl jejich objem o více než 60 %. Růst táhla migrace ether.fi, která přinesla asi 220 milionů USD TVL.
Ethereum’s Layer 2 landscape is increasingly a volume game, and OP Mainnet is playing it well. Monthly transactions on the network are now three times higher than levels recorded in early 2024, a climb that accelerated sharply through what the Optimism team internally tracks as “Year 4.”
That period alone saw monthly transaction counts surge more than 60%, driven by a combination of collapsing fees, high-profile project arrivals, and infrastructure changes that made the network meaningfully faster and cheaper to use.
What’s actually driving the numbers The single clearest catalyst in recent months has been ether.fi’s migration of its non-custodial crypto card product onto OP Mainnet, completed between February and April 2026.
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The move brought roughly $220 million in total value locked to the network, added 300,000 new accounts, resulted in 70,000 Visa debit cards being issued, and is generating around $2 million in daily payment volume.
On February 5, 2026, that load hit a single-day record: 3,823,880 transactions processed in 24 hours.
Fees are a significant part of the story too. By Q4 2024, average transaction costs on OP Mainnet had fallen to $0.03, a direct consequence of EIP-4844’s blob data availability upgrade that reduced the cost of posting transaction data to Ethereum’s base layer.
Infrastructure bets paying off The network has also been making structural changes that go beyond raw throughput. Fault proofs, a mechanism that allows anyone to challenge potentially invalid state transitions without needing to trust a central operator, have been implemented. This matters because it moves OP Mainnet closer to the “Stage 1” decentralization benchmark that researchers like L2Beat use to evaluate rollup maturity.
Starting May 26, 2026, Optimism also kicked off a four-week experiment with stake-based transaction ordering. Under this model, holders of the OP token who stake their tokens gain priority in how their transactions get sequenced.
What this means for the OP Stack ecosystem OP Mainnet does not exist in isolation. It anchors the OP Stack, a shared codebase that powers a growing number of chains including Base, which Coinbase launched in 2023. The relationship is collaborative rather than competitive: chains built on the OP Stack route a percentage of sequencer revenue back to the Optimism Collective, creating a flywheel where more chains mean more funding for Optimism’s development.
The ether.fi migration is a particularly useful data point because it represents a product with genuine consumer adoption, not just protocol-to-protocol liquidity flows. Seventy thousand issued Visa cards generating $2 million in daily payment volume is the kind of traction that turns skeptics into infrastructure customers.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Optimism čeká mezi květnem 2026 a dubnem 2027 uvolnění 342,9 milionu OP do oběhu, čímž se oběžná nabídka zvýší na 2,504 miliardy. Největší část, 200 milionů OP, půjde do Ecosystem Fund.
Token unlock seasons are rarely frictionless, and Optimism’s Year 5 supply schedule is no exception. The Foundation’s annual budget update projects that 342.9 million OP tokens will enter circulation between May 2026 and April 2027, expanding the liquid supply to 2.504 billion OP—roughly 58.3% of the total 4.29 billion cap. The numbers come from the foundation’s public outlook, not from a new allocation request, and that distinction matters for how markets process the information.
Every vesting cliff that turns into liquid tokens creates a local pricing game between holders who believe in the network’s long-term utility and recipients who may want to rotate into other positions. The OP timeline shows the largest chunk arriving from the Ecosystem Fund—200 million tokens—followed by 47.6 million for early core contributors and 15.3 million for investors. The fact that no new token allocation was sought tempers some dilution fears, but it does not erase the mechanical weight of almost 15% more supply becoming tradable inside twelve months.
Where the Tokens Are Coming From The 200 million OP designated for the Ecosystem Fund are not earmarked for a single program. They will likely flow into grants, liquidity incentives, and developer bounties over the course of Year 5. That category tends to get recirculated into protocols and users rather than being dumped outright, but grant recipients and projects do eventually convert portions to stablecoins to cover costs. The market’s reaction depends heavily on whether those distributions fuel measurable on-chain activity or simply add to sell-side pressure in a sideways market.
Meanwhile, the 47.6 million tokens for early contributors and 15.3 million for investors are more straightforward. Those allocations represent the tail end of vesting schedules that have been pre-planned since the network’s token design was laid out. When similar unlocks have arrived for other Layer 2 tokens, the price action has often been choppy around the settlement windows, even when the news was fully priced in weeks earlier. Optimism’s advantage—if one exists—is that the schedule is transparent and the largest portion is directed toward ecosystem growth rather than individual wallets.
What the Broadening Supply Means for Token Holders Layer 2 tokens do not trade solely on supply mechanics, but supply mechanics can dominate when volume is thin. Optimism’s OP already sits inside a category where the difference between daily active addresses and fully diluted valuation shapes risk perception. Adding close to 343 million tokens over a year will test how much organic demand exists beyond airdrops and incentive campaigns. The Foundation’s note that the increase works within the original allocation framework is accurate, but it also sidesteps the fact that any increase in circulating supply makes the token more expensive to sustain at current prices unless demand rises at the same pace.
There is also the question of sequencing. If grants and liquidity programs concentrate in the first two quarters of the year, the market may have months of lighter supply later—or vice versa. Timing these flows has become a specialized discipline among liquid funds tracking L2 projects, and it is not unusual for the spread between derivative funding rates and spot premiums to widen ahead of known unlock dates. For OP, the broad contours are now public; the granular timing is what traders will try to reverse-engineer from governance proposals and grant announcements.
Comparisons and the Uncertainty Ahead No two L2 token unlocks play out identically. Projects like Arbitrum dealt with their own large supply events and saw sharp volatility followed by stabilization once the market absorbed the initial shock. What matters for OP is less the absolute number of tokens and more whether on-chain metrics—total value locked, transaction volume, developer retention—keep pace with the expanding float. The broader meme of “unlock = dump” oversimplifies things, but the price memory of past events makes it sticky, and that can become a self-fulfilling prophecy if sentiment turns.
At the same time, Optimism’s position inside the Superchain narrative gives the ecosystem fund a real job to do. If those 200 million tokens directly seed liquidity on newer chains like Base or Zora, the supply expansion could create enough economic flywheel to offset selling. The open question is whether the market will wait to see evidence before repricing, or whether the sheer size of the projected supply will invite defensive positioning first. That tension will likely define OP’s price action well before the first block of Year 5.
L2 token economics rarely move in a straight line, and the OP schedule is a reminder that even a transparent plan can create friction when it intersects with a cautious market. The foundation’s framing—no new allocation, all from existing buckets—is a nod to investors’ reflex sensitivity around dilution. Whether that framing holds weight once tokens begin to move will depend on how the ecosystem absorbs them in real time.
The on-chain activity across top blockchains continues to underscore which networks attract sustained developer attention, a metric tracked weekly in industry reports on developer activity rankings that often place Ethereum and its rollups among the leaders. For Optimism, keeping developers building after the new OP tokens start flowing will matter more than any single supply figure. The real test of tokenomics is not the number of tokens unlocked, but whether the ecosystem can make itself too useful to sell.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
Optimism Foundation navrhuje přesunout 546,9 milionu OP z nevyužité airdropové alokace do nového Strategic Ecosystem Fundu pro růst OP Mainnetu a adopci OP Enterprise. Pokud návrh projde, OP se má dostávat do oběhu až do dubna 2027.
The Optimism Foundation has proposed converting the remaining unused portion of its User Airdrop allocation into a new Strategic Ecosystem Fund dedicated to accelerating OP Mainnet growth and OP Enterprise adoption.
The proposal, released on Aug. 6, would move 546.9 million OP tokens, worth about $48 million at current prices, into the new allocation category, allowing the Foundation to use them for grants and incentives supporting OP Mainnet and OP Enterprise.
The Foundation said airdrops were one of its most important growth tools during Optimism’s early years, with five campaigns distributing 269.1 million OP to onboard users and contributors.
However, analysis of past campaigns suggests that airdrops no longer match the Collective’s current priorities, which have shifted toward institutional adoption, production-grade blockchain infrastructure, and enterprise customers.
The Foundation said OP Enterprise has created a new growth opportunity by enabling fintechs, exchanges, payment providers, and financial institutions to build on the OP Stack through Fully Managed, Self Managed, and OP Mainnet offerings.
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The Strategic Ecosystem Fund would provide additional resources for partnership deals, ecosystem incentives, liquidity growth, and onboarding of major organizations and brands.
The proposal would leave all existing airdrop distributions untouched while creating a new allocation category for future deployment.
If approved, Optimism will update its token allocation records, apply existing grant oversight processes, and report fund usage through annual Foundation budget updates.
Optimism reduces OP spending as it pivots toward enterprise growth Apart from the proposed reallocation of the unused airdrop tokens, the Foundation on Thursday published its Year 4 budget update and Year 5 outlook outlining how it plans to deploy capital more selectively across the ecosystem.
As detailed, the Optimism Collective said it reduced new OP token commitments by about one-third in Year 4 (May 2025-April 2026), allocating roughly 150 million OP compared with 229.9 million OP a year earlier, as it shifted spending toward growing the OP Mainnet and attracting enterprise customers.
According to the budget update, new OP entering circulation from the Governance Fund declined 53% to 13.4 million tokens, Retro Funding fell 30% to 14.2 million tokens and no user airdrops were conducted.
The Foundation said spending was intentionally redirected away from broad incentive programs toward initiatives tied to revenue generation, enterprise customer acquisition and measurable network activity.
Optimism pointed to the launch of OP Enterprise, growth in institutional partnerships and more than 60% growth in OP Mainnet transactions as evidence of the strategy’s progress. It also noted that governance-approved buybacks have acquired more than 9 million OP using Superchain revenue.
For Year 5, the Foundation projects around 200 million OP from the Ecosystem Fund and 10 million OP from the Governance Fund will enter circulation, while airdrops and Retro Funding remain paused.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
DB Securities uzavřela s Optimism Foundation dohodu o budování infrastruktury pro STO a RWA v Jižní Koreji. Prvním plánovaným produktem mají být tokenizované příjmy z provozu 20faremní vaječné farmy na ostrově Jeju.
Eggs, Livestock, and K-Pop on the BlockchainDB Securities has signed a Memorandum of Understanding (MOU) with the Optimism Foundation to build security token offering (STO) and real-world asset (RWA) infrastructure in Jeju, South Korea. The deal puts the Korean brokerage among the first institutions actively sourcing assets ahead of a fast-approaching regulatory deadline.
South Korea's amended Capital Markets Act and Electronic Securities Act are scheduled to take full effect on February 4, 2027, inaugurating the country's first regulated environment for blockchain-based securities. DB Securities is not waiting for the rules to land. Digital asset lead Lee Ju-sik, speaking to Yonhap Infomax, said products won't materialize just because the rules do, so the firm is sourcing assets directly.
DB Securities said it will pursue a platform to tokenize Jeju smart farms, livestock assets, and K-content intellectual property, aiming to become a leading institution in South Korea's market for underlying assets for tokenized securities. Revenue from a 20-farm Jeju egg operation is lined up as its next STO product, with talks also underway with a major entertainment company to tokenize the operating rights of K-pop concerts.
The MOU signing ceremony was held at the Optimism Foundation's headquarters in Manhattan, New York, with Kyle Jenke, the foundation's Chief Business Officer, and Lee Ju-sik, head of DB Securities' digital asset business team, both in attendance.
A Hybrid Multichain Approach via OP StackOn the infrastructure side, DB is building a hybrid multichain setup using @Optimism's OP Stack. The choice of OP Stack is driven by the fact that it allows regulated institutions to operate their own infrastructure rather than sharing space on a third-party chain, settling on Ethereum while maintaining control over their roadmap and risk management.
The agreement will establish domestic and international STO and RWA business models by combining Optimism's blockchain infrastructure with DB Securities' institutional underwriting capabilities, implemented gradually over the next two years as both companies align development with evolving digital asset regulations in South Korea and overseas. DB Securities says the Superchain could carry it into global STO markets further down the line.
Lee said the agreement with @Optimism, whose technology is used by global platforms including Coinbase and which also partners with Upbit, would help bolster the credibility and stability of South Korea's STO and RWA businesses.
Sources:
Optimism Foundation: DB Securities MOU announcement
Coin Edition: DB Securities, Optimism Partner on Jeju-Focused Tokenized Asset Initiative
KoreaTechDesk: South Korea's amended Electronic Securities Act and STO framework
Ripple spustil Ripple Mint pro instituce, které nově mohou emitovat a spravovat RLUSD přes web i API. Zároveň rozšířil emisi a odkup na Base, Optimism, Ink, Unichain a XRP Ledger EVM Sidechain.
Ripple has introduced Ripple Mint, a new enterprise platform designed to streamline the minting, management, and redemption of its US dollar-backed stablecoin, RLUSD, for institutional clients. The launch aims to provide large-scale financial players with seamless access to RLUSD, enhanced automation tools, and broader blockchain interoperability.
Ripple Mint offers unified stablecoin managementAccording to Ripple, Ripple Mint enables institutional users to access RLUSD through both an intuitive web dashboard and a robust set of APIs. Institutions may manually manage RLUSD balances, carry out minting and redemption transactions, or integrate directly into their backend systems to automate treasury and settlement workflows.
This unified platform is intended to replace previously fragmented and manual processes often used by exchanges, fintech companies, payment providers, market makers, and asset managers engaged with stablecoins. With Ripple Mint, these participants can directly issue and redeem RLUSD, oversee real-time transactions, and bridge assets across supported blockchain networks.
Ripple’s solution also facilitates integration of RLUSD management into key business operations, including treasury, compliance, settlement, and accounting systems.
Ripple stated that Ripple Mint introduces advanced APIs and real-time webhook notifications, giving institutions end-to-end visibility throughout the minting and redemption lifecycle.
The company explained that unified reference IDs are available within the platform to track fiat deposits, mint requests, on-chain settlements, and redemption payouts, a move designed to simplify reconciliation and reduce operational complexity for enterprise clients.
Broader blockchain access for RLUSDRipple has extended RLUSD’s reach beyond its existing blockchains by supporting minting and redemption on Base, Optimism, Ink, Unichain, and the XRP Ledger EVM Sidechain. This step is expected to give institutions more flexibility in accessing decentralized finance, cross-border payment infrastructure, digital asset exchanges, and tokenized real-world asset markets.
Ripple described the XRPL EVM Sidechain as a key element in its multichain approach, combining Ethereum Virtual Machine (EVM) compatibility with the performance capabilities of the XRP Ledger.
This configuration allows developers and enterprises to build Ethereum-based applications while utilizing the speed and efficiency of the XRP Ledger environment.
Ripple emphasized that RLUSD is not intended to replace XRP. Instead, the two digital assets are designed to operate together within the ecosystem: RLUSD functions as a regulated digital dollar for payments, settlements, and treasury management, while XRP serves as a core liquidity and bridge asset for cross-chain transfers, decentralized swaps, collateralization, and global payments.
Recent integrations, such as RedotPay’s RLUSD payment card powered by the XRPL, highlight Ripple’s push to build an institutional-grade digital finance ecosystem where stablecoins and XRP jointly support global financial infrastructure.
Mini dictionary: RLUSD is Ripple’s regulated, US dollar-backed stablecoin designed for institutional use in payments, settlements, and treasury management across multiple blockchain networks.
Blockchain NetworkRLUSD Minting SupportedXRP LedgerYesEthereumYesBaseYesOptimismYesInkYesUnichainYesXRPL EVM SidechainYesDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
APAC firmy jako Sony, Upbit a Toss stále častěji staví na OP Stacku. Upbit plánuje GIWA Chain a Toss testuje proof of concept stablecoinu krytého korejským wonem.
Asia-Pacific enterprises are moving past the question of whether blockchain works and into deciding where it fits in their core business. From Mitsui & Co. Digital Commodities’ Zipangcoin on OP Mainnet to Sony Block Solutions Labs’ Soneium and Upbit operator Dunamu’s planned GIWA Chain, a wave of established consumer and financial platforms is building on the OP Stack. Juntaro Iwase, Managing Director for Japan and Southeast Asia at OP Labs, spoke with blockchainreporter about what’s driving this shift, how OP Enterprise addresses regulatory and operational demands, and why distribution — not just technology — is APAC’s biggest advantage.
1. What is the approach of Asia-Pacific-based enterprises toward blockchain adoption in comparison with Europe and the U.S.? The clearest difference is posture. Many APAC enterprises are no longer asking whether blockchain works. They are asking where it belongs in their core business. The recent examples speak for themselves. Mitsui & Co. Digital Commodities launched Zipangcoin on OP Mainnet. Sony Block Solutions Labs built Soneium for consumer and creator applications. Dunamu, the operator of Upbit, plans to use the OP Stack for GIWA Chain, and Toss has announced a proof of concept exploring a Korean won-backed stablecoin.
Europe and the U.S. are progressing too, as Kraken’s Ink and Bitpanda’s Vision Chain demonstrate. What stands out in APAC is the combination of large consumer platforms, digitally sophisticated users, and companies with the distribution to bring onchain products to millions of customers who already trust them.
2. Why are Optimism and other Ethereum L2 solutions gaining preference as infrastructure among APAC enterprises? Enterprises are not choosing an Ethereum L2 for scalability alone. They evaluate the full solution, including the infrastructure, the operating model, the ecosystem, and whether they can integrate the tools their business requires.
Those requirements differ by company. Toss is running a proof of concept on the OP Stack alongside KYC and AML infrastructure and Privacy Boost from Sunnyside Labs. GIWA Chain plans to use the Self-Managed tier of OP Enterprise so Upbit can retain control over its sequencer and configuration while receiving engineering support and backup resilience. Mitsui & Co. Digital Commodities launched Zipangcoin on OP Mainnet, which it has said supports its plans to reach investors worldwide.
The common thread is choice. Companies can build on an established public network or deploy dedicated infrastructure, and in either case work with the compliance, custody, monitoring, and privacy providers appropriate for their business.
3. What are the regulatory compliance and privacy demands of the APAC-based entities that are shifting on-chain? Regulated institutions open with questions about accountability, data visibility, operational control, and how blockchain fits into their existing systems. Public blockchains are transparent by default. If a financial product requires transaction details or customer balances to remain confidential, an additional privacy layer may be needed. Institutions may also need KYC, AML, transaction monitoring, custody, permissioning, and reporting tools. A blockchain infrastructure provider does not replace those functions or determine whether a product is compliant. Our role is to provide reliable infrastructure, clear operating models, and the technical integration points needed to work with specialist providers.
The Toss proof of concept demonstrates this layered approach. The OP Stack provides the blockchain infrastructure, Sunnyside Labs provides Privacy Boost, and separate KYC and AML infrastructure supports the compliance requirements. Each layer is handled by the party best equipped to handle it.
4. What is the role of the OP Enterprise in advancing enterprise-scale blockchain adoption across APAC? The hardest part of enterprise blockchain adoption is often not launching the technology. It is establishing an operating model that can support a critical business. Organizations need to know who runs the infrastructure, who responds when something breaks, how upgrades are managed, and how the network fits their internal security and procurement processes.
OP Enterprise is designed around those operational requirements. Companies can use a Fully Managed model or operate the infrastructure themselves through Self-Managed with direct engineering support. They can also begin on OP Mainnet before deciding whether they need a dedicated chain. The organization chooses the level of operational responsibility and control that fits its capabilities, and can change that answer as it matures.
5. How does the rollout of Optimism and Soneium benefit creator and consumer applications in Asia? Soneium shows how blockchain can support consumer experiences without requiring users to understand the technology underneath. Built by Sony Block Solutions Labs using the OP Stack, Soneium gives developers an Ethereum-compatible foundation for entertainment, gaming, creator, and community applications.
Sony has described its goal as making blockchain operate quietly behind the scenes while enabling trust, traceability, digital ownership, and clearer attribution of creative work. For creators and fans, this can support new ways to participate and collaborate, while the OP Stack provides the scalable infrastructure underneath those experiences. That philosophy of keeping the technology in the background and the experience in the foreground is exactly how consumer adoption happens in this region.
6. What is the significance of Upbit’s plan to develop the GIWA Chain via the OP Stack to advance the future of exchange-scale infrastructure? Upbit’s decision to develop the GIWA Chain reflects a broader shift in how major exchanges think about infrastructure. They increasingly want to own the infrastructure through which their users access onchain products. A dedicated chain can provide greater control over performance, transaction policies, user experience, product development, and the economics generated by the ecosystem.
Under the planned partnership between Dunamu and the Optimism Foundation, GIWA Chain intends to become the first chain on the Self-Managed tier of OP Enterprise. Upbit would retain control over the primary sequencer and configuration, while Optimism would provide monitoring, engineering support, and backup resilience.
7. Can you highlight the opportunities and challenges that shape enterprise-level blockchain adoption within the APAC region in comparison with the global markets? APAC’s biggest advantage is distribution. Sony, Upbit, Toss, and Mitsui & Co. Digital Commodities already have established brands, customers, and business relationships. They do not need to build an audience from zero. The challenge is turning blockchain infrastructure into a reliable and sustainable business. Regulations differ across Japan, Korea, Singapore, Hong Kong, and other markets. Companies must also integrate blockchain with existing systems and work with the appropriate providers across custody, identity, monitoring, privacy, and liquidity.
In my experience, local system integrators and trusted vendor relationships also play a major role in markets such as Japan. Technology matters, but local operational credibility often determines whether a project reaches production.
8. How will built-in interoperability for OP Chains facilitate enterprises developing in APAC? Native interoperability is still in development. Today, OP Chains rely on existing bridges and messaging solutions to connect across networks. The longer-term objective is to make participating OP Chains work more like a connected ecosystem. Assets and information could move between them more easily, allowing companies to operate dedicated infrastructure without creating completely isolated networks. This could be particularly valuable in APAC, where products often launch for a domestic market but may later seek international users, applications, and liquidity.
9. What is OP Stack’s contribution to ensuring resilience and scalability for massive institutional workloads? The OP Stack was designed for the performance, reliability, and flexibility that enterprises require as blockchain moves into production. Its modular architecture allows organizations to tailor infrastructure to their specific operational needs while continuing to benefit from Ethereum’s security and ongoing innovation.
The proof is in production. More than 50 chains run on the OP Stack today, including networks built by Sony, Uniswap, OKX, and Kraken. Rather than building and maintaining a blockchain from scratch, enterprises can deploy infrastructure that has been proven at scale, reducing technical complexity while supporting high transaction volumes and long-term growth.
10. What is Optimism’s strategy to deal with regulatory requirements for compliant financial institutions operating in Asia? Every regulated institution operates under different legal and operational requirements, and those requirements vary meaningfully across APAC jurisdictions. Rather than imposing a single deployment model, OP Enterprise gives institutions the flexibility to configure infrastructure according to their specific needs, including how the chain is operated, who controls the sequencer, and which compliance, custody, and privacy providers are integrated.
That flexibility supports institutions in meeting their own regulatory obligations in their own jurisdictions, while still benefiting from the Ethereum ecosystem’s security and innovation. Compliance decisions remain with the institution and its advisors, and the infrastructure supports a range of deployment and integration requirements.
11. How do fully self-managed tiers of OP Enterprise shape enterprise-focused blockchain strategies within the APAC region? The Self-Managed tier reflects a consistent request from large financial institutions. They want the ability to control their own blockchain infrastructure without taking on the burden of building everything themselves.
For regulated institutions, the appeal is programmable financial infrastructure that combines operational sovereignty, direct control, and dedicated engineering support. The institution decides how the infrastructure is operated, secured, and integrated with its existing systems, while drawing on proven technology underneath. For many APAC institutions, that combination is what finally moves blockchain from the innovation lab into the infrastructure roadmap.
12. What is APAC’s role in accelerating the expansion of Optimism’s network and Optimism’s network globally? APAC has become one of the strongest examples of how blockchain is evolving into enterprise infrastructure. Activity across finance, payments, consumer technology, and entertainment shows that adoption is no longer limited to crypto-native companies.
Across the region, organizations are deploying or exploring the OP Stack, OP Mainnet, and OP Enterprise. In doing so, they are helping define what enterprise adoption could look like at global scale.
Over the next twelve months, I expect the question in APAC boardrooms to shift from “should we pilot this” to “which of our products goes onchain.” The companies with distribution, regulatory discipline, and the right infrastructure partners will be best positioned to answer it.
Jihokorejská superaplikace Toss s přibližně 30 miliony registrovaných uživatelů testuje stablecoin navázaný na won na platformě Optimism OP Stack. Tříměsíční pilot má ověřit soulad s KYC, AML i ochranou soukromí na veřejném blockchainu.
Optimism says Toss is the fourth regulated financial institution in a year to pick the OP Stack, after Bitpanda, Kraken and Mitsui.
Toss, the South Korean fintech app with roughly 30 million registered users, is testing a Korean won stablecoin on Optimism's OP Stack, Optimism said on X Wednesday. The proof of concept also involves Sunnyside Labs, whose "Privacy Boost" tool is meant to shield transaction data on a public blockchain while preserving compliance access.
Optimism, the company behind the OP Stack framework used to build layer-2 networks, called the tie-up the fourth time in a year a regulated financial institution has adopted the OP Stack in a new market, following Bitpanda's Vision Chain in Europe, Kraken's Ink in the US and Mitsui's Zipangcoin in Japan.
Kyle Jenke, chief business officer at OP Labs, said the pilot is "about demonstrating that the OP Stack can meet the compliance, privacy, and performance standards that regulated financial institutions require." Toss chief business officer Q-Ha Steve Kim said the company aims "to build a highly trusted, compliant digital financial infrastructure tailored to the Korean market," using the same post.
Three-Month TestThe arrangement runs as a three-month proof of concept, according to a post from crypto researcher Jay Chan, covering whether a financial institution can manage settlement, meet KYC and anti-money-laundering requirements, and protect transaction privacy on a public chain at the same time. Toss operates over 500,000 online and offline payment networks, per a summary of Kim's comments on the deal.
Optimism's post frames the collaboration as a test rather than a commitment to launch a stablecoin.
The OP Stack already underpins Sony's Soneium, Uniswap's Unichain and OKX's X Layer, among others, giving Toss an established multi-chain ecosystem to plug into rather than building isolated infrastructure. Whether the pilot converts into a live KRW stablecoin will depend on regulatory sign-off in South Korea, which has not yet finalized its stablecoin licensing framework.
Toss uzavřel strategickou dohodu s Optimism a Sunnyside Labs na tříměsíční test infrastruktury pro stablecoin navázaný na jihokorejský won. Projekt prověří platby, compliance i ochranu soukromí na OP Stack.
South Korean financial super-app Toss has signed a strategic agreement with Optimism and Sunnyside Labs to test blockchain infrastructure for South Korean won-linked stablecoins through a three-month technology verification program.
Summary
Toss has partnered with Optimism and Sunnyside Labs to test blockchain infrastructure for South Korean won linked stablecoins over the next three months. The companies will evaluate payment settlement, compliance requirements and privacy protection using Optimism’s OP Stack and Sunnyside Labs’ Privacy Boost technology. The project will assess whether public blockchain infrastructure can meet institutional financial standards while supporting secure and scalable digital payments. According to a press release shared with crypto.news, the financial technology company will work with Ethereum layer 2 network Optimism and privacy technology developer Sunnyside Labs to examine whether blockchain infrastructure can support institutional payment systems while meeting financial regulations in South Korea. The companies will carry out a proof-of-concept (PoC) over the next three months.
Three areas under review As part of the project, the companies will evaluate whether financial institutions can directly manage payment and settlement processes, comply with customer identification and anti-money laundering requirements, and protect sensitive transaction information while operating on a public blockchain.
Those requirements form the basis of the technical assessment, with Optimism providing blockchain infrastructure through its OP Stack technology while Sunnyside Labs, one of the network’s core developers, will integrate its Privacy Boost solution to address confidentiality concerns.
Privacy Boost is designed to solve one of the key limitations of public blockchains, where transaction details and wallet balances are generally visible to network participants. According to the companies, the technology allows sensitive financial data to remain private while still enabling regulated institutions to verify transactions and maintain existing compliance standards.
The companies also said the system is built to support high transaction volumes, making it suitable for payment services that process large numbers of users simultaneously.
Toss, which serves around 30 million users and supports more than 500,000 online and offline merchants, plans to gradually expand blockchain-based experiments across its payment and platform services.
A Toss official said the project is intended to verify infrastructure that combines Ethereum’s security with a dedicated network built for local currency-based financial services while allowing interoperability with other blockchain ecosystems.
OP Stack selected for infrastructure testing At the center of the verification is OP Stack, Optimism’s modular blockchain framework that supports dedicated application-specific chains while relying on Ethereum for security and settlement. Layer 2 networks process transactions separately from Ethereum before finalising them on the main chain, helping reduce costs and improve transaction speeds.
According to Toss, the companies will examine whether OP Stack can support a blockchain-based financial network tailored for Korean digital payment services instead of relying on shared public infrastructure.
Optimism’s technology is already used by more than 30 blockchain networks, including projects developed by Sony, World Chain, Uniswap, OKX Layer, and Kraken. The company also offers institutional deployments designed to satisfy regulatory and security requirements, with regulated financial firms such as Europe’s Bitpanda already adopting the technology.
The collaboration comes weeks after Optimism completed a 4-week experiment on its OP mainnet that tested stake-based transaction ordering alongside its existing gas-fee system. The pilot explored whether staking incentives could improve transaction prioritisation without changing the experience for regular users, adding to the network’s ongoing work on blockchain infrastructure.
Optimism čelí největší zkoušce svého modelu sdílení příjmů, protože Base může omezit nebo ukončit své příspěvky do Collective. To by oslabilo financování RPGF i plánovaných buybacků OP od roku 2026.
Optimism’s grand experiment in Layer 2 economics has always rested on a simple premise: if you build on our stack, you pay rent. The OP Stack’s revenue-sharing framework, known as the Law of Chains, requires participating Superchain members to contribute the greater of 2.5% of their sequencer revenue or 15% of net sequencer profits to the Optimism Collective.
That model has historically generated an estimated $4.5 million annually for the Collective’s treasury, with the lion’s share coming from one chain in particular: Base, Coinbase’s Layer 2 juggernaut. But cracks in the arrangement are starting to show, and the implications for the OP token could be significant.
How the royalty machine works The Law of Chains was introduced in July 2023 to standardize how Superchain members share revenue with the broader Optimism ecosystem. The structure is straightforward but clever in its design. Chains pay whichever amount is larger: 2.5% of gross sequencer revenue or 15% of net sequencer profit.
For chains running lean operations with tight margins, the 15% net profit threshold kicks in. For those printing money on transaction fees, the 2.5% gross revenue floor ensures Optimism always gets its cut.
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OP Mainnet itself operates differently, contributing 100% of its net sequencer revenue to the Collective. That distinction matters because it positions the flagship chain as the ecosystem’s largest benefactor, not just another tenant.
The funds flow into two primary channels. First, they support Retroactive Public Goods Funding, or RPGF, which is Optimism’s signature initiative for rewarding builders who create value for the ecosystem after the fact. Second, governance has begun directing portions of revenue toward OP token buybacks starting in 2026.
Base’s complicated relationship with the Collective Base has been the Superchain’s revenue engine. Historical estimates pegged Base’s annual contribution to the Optimism treasury at roughly $4.5 million alone. In Q1 2026, Base’s contribution to the Collective came in at approximately $1.4 million, distributed specifically through RPGF.
That Q1 figure, annualized, would suggest around $5.6 million per year. But the context around Base’s anticipated exit from revenue sharing complicates that projection considerably. If Base moves toward greater independence from the Superchain’s financial obligations, the revenue base supporting Optimism’s public goods funding and token buyback programs shrinks materially.
The OP token and market implications For OP holders, the revenue-sharing framework creates a direct link between Superchain adoption and token value. More chains building on the OP Stack means more sequencer revenue flowing to the Collective, which in turn funds buybacks and ecosystem development.
The governance decision to begin directing revenues toward OP token buybacks in 2026 is particularly notable. The Law of Chains isn’t enforced by smart contracts at the protocol level. It’s a governance framework, which means compliance is ultimately a function of incentive alignment rather than immutable code.
Investors watching this space should track two metrics closely. First, the number of new chains joining the Superchain and their aggregate sequencer revenue growth. Second, whether existing large contributors like Base maintain their financial commitments or negotiate alternative arrangements.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ripple získal v Evropě předběžné schválení podle MiCA pro regulované krypto platební služby. Zároveň Binance hlásí už sedm dní v řadě převahu výběrů XRP nad vklady.
For months, XRP holders have watched price action struggle to gain meaningful traction. Yet beneath the surface, two developments are quietly reshaping the conversation around the asset. The latest XRP news centers on Ripple securing preliminary MiCA approval in Europe and a notable shift in Binance transaction behavior that has persisted for an entire week.
Neither event guarantees a price reversal. Still, both point toward growing institutional relevance and changing user behavior at a time when market participants have been searching for reasons to turn constructive.
Ripple Gets Europe’s Regulatory Green LightRipple announced that it has received preliminary MiCA approval to offer regulated crypto payment services across Europe. The approval effectively moves the company closer to legally providing crypto and stablecoin-based payment infrastructure to banks and businesses throughout the European Union.
MiCA is widely viewed as one of the most comprehensive crypto regulatory frameworks globally. According to details shared around the announcement, regulators issued Ripple a “green light letter,” indicating the company has met major requirements while final conditions remain before a full license is granted.
For Ripple, the implications extend beyond compliance. The approval opens the door for broader adoption of its payment technology, including RLUSD, among institutions seeking regulated cross-border settlement solutions.
Institutions Could Finally Join The NetworkThe significance of the development lies in accessibility. European banks and businesses may eventually gain a compliant pathway to use Ripple’s infrastructure for international payments. In an industry often slowed by regulatory uncertainty, obtaining preliminary approval under MiCA provides an important credibility boost.
More importantly, it strengthens the long-term utility narrative surrounding the broader XRP ecosystem. While traders often focus on daily price fluctuations, infrastructure milestones tend to have a longer shelf life than short-lived market hype.
Binance Data Shows A Curious ShiftAt the same time, on-chain activity is telling an interesting story. According to CryptoQuant data shared by Amr Taha, XRP withdrawal transactions on Binance have dominated deposit transactions for seven consecutive days since June 17. On June 23, withdrawals accounted for 53.8% of transaction activity, the highest level recorded since June 2024.
Meanwhile, deposit transactions fell to 46.1%, marking their lowest reading since 2024. The result is a 7.7 percentage-point gap favoring withdrawals.
It’s important to note that this metric tracks the share of transactions rather than the dollar value of XRP being moved. Even so, the persistence of withdrawal dominance stands out because it reflects a sustained behavioral shift rather than a one-day anomaly.
Why XRP Holders Are Paying AttentionMarkets rarely move on a single catalyst. However, a combination of expanding regulatory legitimacy and consistent withdrawal activity is enough to keep investors watching closely.
The XRP price may not be reflecting that optimism yet, but the latest XRP news suggests that adoption and network behavior are moving in a direction many long-term participants would prefer. Whether that ultimately translates into a stronger trend remains the question traders will be monitoring in the weeks ahead.
Story Ends Here
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Ink přechází na Optimism OP Enterprise Fully Managed v rámci víceleté smlouvy, přičemž Optimism bude provozovat jeho produkční infrastrukturu. Ink zároveň slouží jako design partner pro OP Enterprise.
Ink, a Kraken-incubated Ethereum Layer 2 built on the OP Stack, is upgrading to Optimism's OP Enterprise Fully Managed under a multi-year deal, the projects said Wednesday.
Under the deal, Optimism will operate Ink's production infrastructure while the Ink Foundation focuses on ecosystem growth and new financial products. In a statement shared exclusively with The Block, Optimism said the arrangement is one of the first instances of a major Layer 2 delegating infrastructure operations to a managed provider.
Launched in December 2024, Ink said it processed more than 1 million transactions in the first 24 hours after its mainnet went live, and applications built on the network now generate close to $40 million in annual revenue.
Ink signs on as OP Enterprise design partner Ink will also serve as a design partner for OP Enterprise, Optimism's infrastructure offering for institutions and exchanges building onchain financial products. The roadmap includes programmable block building, one-day withdrawals to Ethereum, and sequencer-level compliance tooling, alongside performance targets of 400 megagas per second in guaranteed throughput and block times as low as 100 milliseconds by the end of 2026.
"Programmable financial infrastructure is becoming the foundation of how institutions build onchain, but operating that infrastructure requires a different set of expertise," Optimism CEO Jing Wang said in the statement. "By working together, the Ink Foundation can focus on growing the ecosystem while Optimism focuses on operating and improving the network."
Ink Foundation Head of Strategy Zach Le said running a blockchain in production is a "unique operational challenge" and that the foundation chose Optimism to operate the network because it built the stack Ink runs on. "The next phase of onchain finance demands a chain operated by those with the technical depth to prioritize reliability and security in everything they do," Le said.
Ink's move follows the launch of Bitpanda's Vision Chain, the first network deployed on OP Enterprise Fully Managed earlier this year. Optimism said adding Ink expands the managed tier to exchange-linked blockchain networks in the U.S. and Europe.
The deal also lands as usage across major optimistic rollups has pulled back from 2025 highs, with active addresses down from nearly 3 million a year ago to under 600,000 in recent weeks, according to The Block's data dashboard.
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API3 spustila svůj Oracle Stack na Mode a Fraxtal a oznámila podporu World Chain při jejím spuštění. Cílem je zjednodušit integraci dat a dát vývojářům na Superchainu okamžitý přístup k bezpečným decentralizovaným datům.
API3, a pioneer in blockchain oracle solutions, is setting the stage for significant advancements within the Optimism Superchain ecosystem. API3 is crucial in scaling a cryptographically secure on-chain economy that maximizes value for all participants by enhancing data integration and scalability with its innovative Oracle Stack.
Optimism expanded Ethereum’s scalability in the past year by introducing the Superchain thesis. This new framework facilitates growth and adoption by enabling teams to build on the OP Stack and contribute to the OP Collective, which aims to pool revenue to fund public goods and move global adoption forward.
Within the Superchain ecosystem, oracles are indispensable as they provide the necessary data and tooling to scale new chains. API3’s Oracle Stack simplifies data integration, reducing technical barriers and enabling developers to focus more on building their applications and less on dealing with infrastructure challenges.
The API3 Oracle Stack includes decentralized data feeds from the API3 Market, QRNG for generating truly random numbers on-chain, and the OEV Network to recapture protocol MEV. These components are designed to meet the demands of Superchain builders for easy integration and scalability.
API3’s integration with new chains grants them immediate access to secure and decentralized data, which is vital for applications requiring real-time data, such as lending protocols and perpetual exchanges. This streamlining of Oracle services to new networks is critical as it allows developers to move quickly from concept to production without requiring extensive code changes or infrastructure management.
Key Examples and Adoption Base, a prominent example within the Superchain ecosystem, has more than doubled its total active users to over 9 million this year. The Total Value Locked has also tripled since the beginning of the year, crossing over $1.7 billion. Exiled Racers, a project on Base, uses API3’s QRNG to generate random events for their on-chain races. API3 has recently launched its Oracle Stack on Mode and Fraxtal, with Mode amassing over $500 million TVL and a strong DeFi ecosystem. Fraxtal, developed by Frax Finance, has gained early support from prominent DeFi partners and is poised to become a leading network for developing complex financial protocols.
Looking ahead, API3 has announced that they will support World Chain at its launch later this summer. World Chain aims to leverage proof of personhood to offer verified users priority transactions and gas allowances. Protocols on World Chain will be able to utilize API3’s verifiable, decentralized data feeds, which will be integrated with the OEV Network to enhance protocol performance.
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Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
Gelato Network spustila Lisk L2 Developer Mainnet na Optimism a Lisk se tím připojuje k Superchainu. Cílem je lepší interoperabilita a sdílená infrastruktura pro dApps.
Gelato Network, renowned for its roll-up as a service platform within the Web3 space, has announced a significant milestone with the launch of the Lisk L2 Developer Mainnet. This development marks a pivotal moment for Gelato, as it continues to broaden its scope and enhance its offerings in the decentralized ecosystem.
The Lisk L2 Developer Mainnet is not just another layer; it’s part of Gelato’s strategic initiative to integrate more deeply with the Optimism network, heralding a new era of interoperability and efficiency in blockchain technology.
Driving Innovation and Interoperability in Web3 During the initial Devnet phase, Gelato facilitated the deployment of essential infrastructure components such as bridges, decentralized exchanges (DEXs), and applications in preparation for the public mainnet launch. This phase was critical in ensuring that Lisk L2 could seamlessly integrate into the Optimism collective known as the Superchain.
This integration is aimed at enhancing sequencer revenue and contributing to a unified network of rollups that promise to revolutionize the way developers and applications interact across the blockchain.
The transition of Lisk Devnet to become the first Layer 1 blockchain migrating to Optimism’s network underscores a significant advancement in the blockchain domain. This move leverages Optimism’s OP Stack, which is designed to foster a unifying framework for rollups, enhancing communication, security, and governance across the network.
The Superchain, which now includes Lisk among its 13+ chain integrations, supports asset bridging without fragmentation, shared governance under the OP Collective, and a robust security model that benefits all participating chains.
Moreover, the Gelato network has expanded its ecosystem to include over 17 infrastructure providers, enriching the chain’s environment with diverse services. These providers range from Web3 functionalities like Across Fi for bridging, RedStone oracles for reliable data feeds, to user interface solutions such as Protofire Safe UI and comprehensive analytics from Goldskyio indexers.
Lisk L2 ⛓️ Developer Mainnet is LIVE On 🟠 Gelato
During the @LiskHQ Devnet phase, bridges, DEXs, & Apps deploy in preparation for the public mainnet launch
In this phase, Lisk L2 joins the Superchain by contributing sequencer revenue towards the @optimism collective ↓ pic.twitter.com/QHKoUE69jU
— Gelato (@gelatonetwork) June 6, 2024 This robust infrastructure supports a wide array of applications and developers, including notable entities like Velodrome, Thirdweb, and the Secret Network, enhancing the developer experience (DevEx) through improved interoperability and feature-rich capabilities.
The growth metrics from Lisk’s Q1 performance further illustrate the impact of these developments. Since the testnet’s inception, over 32,000 wallets have been created, facilitating more than 10,000 contracts and driving daily transactions to exceed 43,000. In total, the testnet has processed over 6.3 million transactions, a testament to the platform’s scalability and the robust demand for its services.
Gelato’s integration with the Optimism collective and the consequent launch of the Lisk L2 Developer Mainnet are not merely technical upgrades but are pivotal in shaping the future landscape of decentralized finance (DeFi) and decentralized applications (dApps).
By enabling seamless cross-chain functionality and fostering a collaborative environment under the OP Collective governance, Gelato is setting new standards in the blockchain space, driving innovation, and simplifying the complexities of decentralized networks.
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Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
DeFi protokoly Sonne Finance a ALEX Lab byly zasaženy samostatnými hacky a dohromady přišly o více než 24,5 milionu USD. Sonne Finance ztratila 20 milionů USD, ALEX Lab přes 4 miliony USD.
At least two DeFi projects were targeted by significant exploits in the early hours of today, resulting in millions of dollars in losses.
Sonne Finance exploitedDecentralized liquidity provider Sonne Finance fell victim to a $20 million exploit on its Optimism network-based USDC and Wrapped Ethereum (WETH) contracts, according to blockchain security firm Cyvers.
In a May 15 statement, the DeFi protocol confirmed the incident and attributed the exploit to a donation attack on its Compound v2 forks. It stated:
“We avoided the issue in the past, by adding the markets with 0% collateral factors, adding collateral and burn them, only then increase the c-factors according to the proposals.”
However, an integration attempt of VELO into the Optimism market allowed the attacker to exploit the protocol unnoticed, resulting in the loss.
Meanwhile, security experts prevented an additional $6.5 million theft by injecting $100 VELO as collateral into the soVELO pool.
Sonne Finance has expressed readiness to offer a bounty to the attacker as efforts to recover the funds continue.
Following the theft, the price of SONNE, a digital asset connected to the project, fell by more than 60% to $0.02617 as of press time.
Bitcoin DeFi project lose over $4 millionALEX Lab, a Bitcoin DeFi application, lost over $4 million in various tokens to a hacking incident earlier today.
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Blockchain security firm CertiK reported that the attackers likely gained access to the private key controlling ALEX's XLink bridge. This service enables users to transfer tokens across different blockchains.
The hacker successfully moved approximately $300,000 worth of BTC, $3.3 million in stablecoins, and $75,000 of Sugar Kingdom tokens.
ALEX Lab developers confirmed the hack and asserted that they had identified the attacker. The team also stated:
“A significant amount of the funds associated with the hacker has been frozen by major exchanges, preventing further misuse.”
Nevertheless, the project offered a 10% bounty to the hacker, adding that:
“ALEX assures that upon compliance, there will be no further pursuit or law enforcement involvement. This offer stands until 18 May at 0800 UTC. The individual responsible should contact [email protected].”
GMX a Gains Network předložily návrhy na integraci do připravovaného perpetuals marketplace Kwenta. Cílem je rozšířit likviditu a nabídnout uživatelům více trhů na Arbitrum.
Grand Cayman, Cayman Islands, July 9th, 2024, Chainwire
In a step forward for the derivatives ecosystem on Arbitrum, two prominent DeFi projects, GMX and Gains Network, have unveiled bids to integrate their platforms into Kwenta’s upcoming perpetuals marketplace. Kwenta, the leading perpetual futures exchange on Optimism, expanded its reach earlier this year by launching the Base network, reflecting a larger plan to connect derivatives liquidity across multiple chains. This announcement follows the recent approval of a grant from the Arbitrum DAO aimed at supporting Kwenta’s initial expansion to the Arbitrum network.
Product Offerings from GMX and Gains Network Table of Contents
Product Offerings from GMX and Gains NetworkStrengthening the Arbitrum EcosystemLooking AheadAbout KwentaContact GMX and Gains Network have submitted their proposals to integrate their liquidity into Kwenta’s platform. These integrations aim to enhance the trading experience for Kwenta users by providing access to additional markets and liquidity, while taking advantage of Kwenta’s UX-focused roadmap, which includes allowing traders to log in with traditional web2 credentials and sponsoring gasless transactions.
GMX v2, Arbitrum’s flagship perpetual futures AMM (Automated Market Maker), built on the initial success of their v1 product by being the first to integrate Chainlink Data Streams, a low latency product from the leading oracle provider aimed at high-performance applications. The lower fees and wider selection of markets available on GMX v2 allowed the offering to quickly grow in popularity with onchain traders.
Gains Network, known for its gTrade platform, offers a wide variety of trading pairs, including cryptocurrencies, forex, and commodities, supported by their decentralized oracle network. Gains Network’s innovative approach to perpetual futures provides traders access to up to 150x leverage on a growing list of nearly 200 markets.
Strengthening the Arbitrum Ecosystem The integration of GMX and Gains Network into Kwenta’s perpetuals marketplace is expected to drive growth in the onchain perpetuals space by allowing users to easily access advanced DeFi products from Kwenta’s easy-to-use UX layer. While retail-focused applications have made huge steps forward in allowing users to quickly access the best prices for token swaps and bridging, onchain leverage has remained a complex product for more sophisticated DeFi enthusiasts.
This strategic expansion brings Arbitrum’s most popular derivatives trading venues under a single platform, providing a simple and familiar experience for traders new to onchain products. Kwenta’s roadmap promises to build on these quality of life features, allowing users to interact with multiple protocols in a single application.
Looking Ahead Kwenta is currently inviting community feedback on these proposals as it moves towards finalizing its perpetuals marketplace. The potential integrations with GMX and Gains Network align with Kwenta’s mission to provide a superior decentralized trading experience. With these developments, Kwenta is aims to become a leading venue for DeFi derivatives trading on Arbitrum.
About Kwenta Kwenta is an onchain derivatives marketplace on Optimism, Base, and Arbitrum. The platform offers easy-to-use tools to access deep liquidity and low fees onchain, while users retain full custody of their funds. With over $50 billion in trading volume through its community-governed platform, Kwenta is committed to developing tools that bring DeFi to everyone.
For more details, users can follow Kwenta’s governance discussion channels on Discord.
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League of Kingdoms spouští Arena-Z, novou blockchainovou herní platformu Layer 2 na AZ Chain, vytvořenou ve spolupráci s Optimismem na Superchainu. Hra i její kolekce NFT se přesouvají z Polygonu na AZ Chain kvůli rychlejším transakcím a nižším poplatkům.
The world’s first blockchain MMORTS game, League of Kingdoms, has announced the launch of Arena-Z, a brand-new blockchain chain and gaming platform tailored specifically for Web3 gaming. AZ Chain is a Layer 2 solution created in partnership with Optimism and built on the Superchain to improve scalability and gaming performance.
As a part of the Superchain collective, AZ Chain guarantees complete EVM compatibility while providing fast transaction speeds, short block times, and low fees. This infrastructure facilitates a smooth user experience and fosters an expanding developer and players community. With this platform, the blockchain gaming community will have more earnings opportunities and a future free of gas.
In order to provide a solid basis for Arena-Z’s Web3 gaming activities, League of Kingdoms will also be migrated to the AZ Chain. This move will capitalize on the game’s four years of sustainable operation, millions of players, and multi-million NFT transactions. In order to expand the selection of digital assets accessible to players, League of Kingdoms’ well-liked NFT collections are being transitioned from Polygon to AZ Chain as part of this shift.
Arena-Z provides development tools including SDKs and APIs, community building, marketing assistance, and grants in addition to incubating and assisting new Web3 gaming studios. This initiative is a component of a larger endeavor to promote development and innovation in the blockchain gaming industry.
With its Plug & Play Web 2.5 SDK and marketplace SDK, which simplify the integration and introduction of unique gaming NFT marketplaces for developers, Arena-Z is a leader in technological innovation. For mainstream gamers, the platform’s native payment gateway, on/off ramps, and Web 2.5 game portals streamline the onboarding process. Arena-Z ensures quick performance with their AZ Chain, attaining 2-second block timings, 293 transactions per second capacity, and less than $0.01 in transaction fees.
An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.
