Hassan Maishera
On Thursday, the Optimism team announced via X that the Optimism Foundation has submitted a proposal to align the OP token with growing Superchain demand by allocating 50% of incoming Superchain revenue to regular OP buybacks.
Superchain networks contribute a portion of their sequencer revenue back to Optimism. This proposal directs 50% of that incoming revenue to buy OP every month for the next year. Purchased OP flows back into the token treasury.
With this buyback mechanism, OP transitions from a pure governance token to a token that is tightly aligned with the growth of the Superchain. This mechanism will start small and grow as Optimism grows.
Optimism’s main utility is to batch transactions on the Optimism network. Optimism allows users to enjoy lower gas fees on their transactions executed on the Optimism network through optimistic roll-up technology. OP is trading at $0.3149, up 0.47% in the last 24 hours.
