In response to a June 26 Twitter thread by blockchain analytics agency Nansen, transactions on the Optimism community surged 67% following the June 7 “Bedrock” improve. Earlier than the improve, the community was seeing fewer than 300,000 transactions per day, however by mid-June that quantity rose to over 550,000.

Since Optimism’s Bedrock improve on June sixth

Day by day transactions are up about 67% to about 500,000

And fuel charges are minimize about 50% to about $50,000 pic.twitter.com/9ACIMMFHbl

— Nansen (@nansen_ai) June 26, 2023

Optimism, a layer 2 of Ethereum, carried out its exhausting fork Bedrock on June sixth. It ought to scale back deposit occasions and charges in addition to improve the safety of the community. Ether (ETH) each day charges have dropped from $80,000 simply earlier than the improve to only $50,000 on the finish of June, based on the June 26 Nansen report.

Optimism noticed a pointy spike in transactions instantly after the exhausting fork, surging to over 400,000 round June 5-9. After the preliminary surge, quantity elevated extra slowly, peaking above 550,000 on or round June fifteenth. It then slowly started to say no, reaching 500,000 transactions per day by the top of information assortment round June 23, based on a chart printed in Nansen’s Twitter thread.

Associated: Binance’s BNB chain launches a Layer 2 testnet powered by Optimism

The very best-performing Optimism app main as much as the report was decentralized credential protocol Galxe, which noticed over 528,000 transactions on the week. Stablecoin USD Coin (USDC) had the second-highest variety of transactions at over 170,000. The remaining prime 5 apps on Optimism included Stargate Finance’s cross-chain bridge, futures trading app Perpetual Protocol, and multi-signature pockets Gnosis Protected.

The Bedrock improve was a part of a broader set of proposals to create a “superchain” consisting of a number of blockchain networks constructed on the identical software program for safety and interoperability. Coinbase confirmed that its base community will be part of Optimism as a part of the superchain. The Base group introduced their preliminary Path to Mainnet roadmap on Could twenty fourth.