Optimism Bedrock Upgrade: Transaction Fee Savings Hit $150,000 And Counting

The Optimism Bedrock marks a important milestone successful the network’s evolution. This groundbreaking upgrade, successfully launched connected June 7, ushers successful a plethora of large advancements, astir notably an awesome simplification successful web costs.

By implementing a alleged optimized batch compression and leveraging Ethereum arsenic a information availability layer, the Bedrock upgrade has achieved a singular 56.1% alteration successful transaction fees.

These findings, meticulously compiled by OP Labs, Optimism’s halfway developer, item the tangible benefits that users person already begun to experience.

In conscionable a substance of days, the Bedrock upgrade has resulted successful astir $150,000 successful savings for users, showcasing the contiguous interaction and fiscal advantages brought distant by this transformative enhancement.

Optimism’s expected full idiosyncratic savings since migration, oregon during the archetypal period successful US dollars, is astir $210,929.

This improvement has brought astir a important outgo vantage for Optimism, facilitating the swift confirmation of transaction batches connected the Ethereum network. As a result, the mean transaction fees connected Optimism person experienced a important decrease, plummeting from $0.57 to a specified $0.16.

Bedrock Upgrade: Paving The Way For Superchain Revolution

While the simplification successful transaction fees is undoubtedly a singular improvement, the Bedrock upgrade holds greater value arsenic a important constituent of the developer’s ambitious vision—the instauration of a groundbreaking “Superchain.” This visionary conception revolves astir establishing an interconnected web of chains, leveraging Optimism’s OP Stack software.

To commemorate the Bedrock upgrade, we’re releasing an open-edition NFT with our friends astatine @manifoldxyz.

Minting volition adjacent connected Friday, June 16th astatine 11:59 PM UTC, truthful you person conscionable implicit a week to cod this portion of Optimistic history! https://t.co/Wszqu3PA5h pic.twitter.com/jsOgGLl88L

— Optimism (✨🔴_🔴✨) (@optimismFND) June 8, 2023

The Superchain aims to integrate these idiosyncratic chains into a cohesive ecosystem, enabling seamless connection and fostering collaboration wrong a unified environment. By harnessing the powerfulness of the Bedrock upgrade, Optimism takes a important stride towards realizing this revolutionary vision, mounting the signifier for a caller epoch of interconnected blockchain innovation.

Optimism Makes Strides In Market Share And TVL

Optimism’s awesome show successful the marketplace has precocious travel to light, with L2 Beats unveiling its important standing. At present, Optimism holds the second-largest marketplace share, commanding astir 18% of the market, showcasing its increasing power and acceptance.

Moreover, Optimism has achieved a substantial Total Value Locked (TVL) figure, surpassing $1.6 billion. This noteworthy metric signifies the platform’s robust engagement and precocious level of activity, underlining the spot and assurance users person placed successful Optimism.

Meanwhile, on-chain information connected Optimism has revealed a diminution successful the 30-day progressive addresses metric. As of the existent reporting period, the fig of progressive addresses wrong this timeframe hovers astir 147,000, indicating a noticeable decrease.

These figures connection invaluable insights into the level of enactment and idiosyncratic information connected the level astatine the clip of reporting. It volition beryllium absorbing to spot however the instauration of the Bedrock upgrade mightiness power these metrics, perchance shaping the aboriginal trajectory of idiosyncratic engagement connected Optimism.

Featured representation from TokenInsight