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A notable governance decision has been made in the cryptocurrency market. Optimism, one of Ethereum’s largest Layer-2 networks, has officially approved a comprehensive buyback program for its OP token. Adopted through an on-chain governance process, this decision represents a significant shift in the tokenomics of the Optimism ecosystem. The initiative aims to link the OP token more directly to Superchain revenues, ensuring that increased usage and network income are reflected in token demand.
Critical Decision from Optimism Governance
The governance decision is considered a major transformation for the token economy. According to on-chain governance data, the proposal was approved with 84.4% of votes after several days of thorough discussion among delegators and OP token holders. This high level of support indicates strong consensus among ecosystem participants regarding the buyback plan. Following the approval, the OP token experienced a minor pullback over the past 24 hours, which analysts interpret as a short-term market reaction.
The approved plan states that the Optimism Foundation will use 50% of net Superchain sequencer revenues for regular OP token buybacks during a 12-month pilot period starting in February. The remaining revenue will continue to be allocated for ecosystem funding, grants, and operational expenses. This marks the first official initiative by Optimism to directly tie OP token demand to economic activity on the network.
Strengthening the Link Between Superchain and OP Token
The Superchain consists of OP Stack-based networks such as OP Mainnet, Base, Unichain, World Chain, Soneium, Ink, and others, forming an expanding multi-chain ecosystem. This structure lies at the core of Optimism’s scalability vision and drives increased network activity. Previously used primarily as a governance token, OP now gains a new economic function through the buyback mechanism. As transaction volume and usage on Superchain increase, the funds allocated for buying OP tokens from the open market will also grow, directly linking token demand to network activity.
Revenue Data and Token Handling
According to data shared by the Optimism Foundation, Superchain sequencers generated approximately 5,900 ETH in revenue over the past year. With new chains going live and network activity rising, this figure is expected to increase further. OP tokens acquired through the buyback will be held in the Optimism Collective treasury. The proposal does not require tokens to be burned or removed from circulation. Future use of these tokens—for staking, incentives, or potential burns—will be determined through subsequent governance decisions.
Optimism’s buyback program represents a shift from using OP solely as a governance tool to a model where the token is directly linked to network revenues. This approach is seen as an important step that could reshape the long-term value dynamics of the OP token.
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