Optimism Network Transactions Skyrocketed by 67% After Bedrock Upgrade

The Optimism network, a layer 2 solution for Ethereum, experienced a significant surge in transactions following its recent “Bedrock” upgrade.

According to a Twitter thread by blockchain analytics firm Nansen, transactions on the network increased by 67% since the upgrade on June 7.

The Bedrock upgrade was designed to improve the network’s security while reducing deposit times and fees. It also included a number of other features, such as support for more tokens and improved scalability.

The upgrade has been well-received by users, with many praising the reduced fees and faster deposit times. The surge in transactions has also been driven by the launch of new dapps on the Optimism network, such as Galxe, a decentralized credential protocol, and Stargate Finance, a cross-chain bridge.

The Bedrock upgrade is part of a broader plan to establish a “Superchain,” which combines multiple blockchain networks using the same software for enhanced security and interoperability. Coinbase confirmed its Base network’s participation in the Superchain alongside Optimism.

The future of the Optimism network looks bright, with the Bedrock upgrade providing a solid foundation for further growth.

The Superchain concept could also revolutionize the way blockchains interact with each other, making it easier for users to move assets between different networks.