Moonwell Launches on Optimism Superchain, Generating $45M in Revenue with 4.4M Daily Transactions

Jul 30, 2024, 04:27 PM

Moonwell has launched its services on Optimism, marking a significant step towards reshaping onchain finance and lending. Optimism, originally an L2 solution to scale Ethereum, has evolved into the Superchain, a growing ecosystem of Ethereum-aligned chains with a vision of making onchain finance tools more accessible. The Optimism Collective has generated 14,300 ETH in revenue, approximately $45 million, from sequencer fees. Currently, 26 OP Stack Chains share this revenue, and the total locked value on Optimism has surpassed $720.5 million. Optimism now processes 4.4M daily transactions.