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DeFi News

OP Stake Adoption Rises Among L2s And Application Chains

The OP Stack ecosystem is reaching a cumulative valuation of over $3 billion.

Written By:
Gopal Solanky

Last updated: September 5, 2023 12:13 PM
Published 2023-09-05
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The blockchain infrastructure OP Stack is on rise among the layer 2 chain development landscape.

While a dozen entities are currently building on top of OP Stack, five highly potentialized chains have gone live including Optimism, Base, Zora, Aevo and Public Goods Network (PGN). 

A user on X (Twitter), Stacy Muur marks out the current state of OP Stack with highlighting that its ecosystem is accumulating the way towards the cumulative TVL of $3 billion.

Built by Optimism Foundation, OP Stack enhances interoperability into the Ethereum ecosystem. It is designed to empower developers to build chains for specific requirements. In the crypto ecosystem, Chains built using OP Stack are known as OP-chains. 

As it enables developers with a reliable ground, Several protocols are choosing OP Stack to build their application specific chains. A leading name is opBNB, the Ethereum layer 2 built by Binance, which is live on testnet. 

Other developers with testnet deployed are Mode Network, UniDex, Kinto and Manta network. Half a dozen in-development from major industry players are already in play to be deployed including Celo, Web3 social app DeBank, Magi by VC firm a16z. The stablecoin protocol Frax is also reportedly building a native chain using OP Stack. 

Also read: Base TVL Surpasses $400M, More Than 100 Protocols Deployed

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky, Senior Reporter for Markets and Protocols at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Senior Reporter, Markets & Protocols at The Crypto Times, based in Ahmedabad. He covers institutional crypto adoption, Bitcoin treasury strategies, DeFi markets, protocol ecosystems, Ethereum network activity, Hyperliquid, on-chain trends, and broader digital asset market movements. Gopal has been active in the crypto ecosystem for more than six years. Before joining The Crypto Times full-time in 2023, he worked as a freelance crypto content writer, developing a strong understanding of blockchain infrastructure, DeFi protocols, market cycles, token mechanics, and peer-to-peer systems. His reporting focuses on explaining how protocols work, why market movements happen, and how institutional and on-chain activity affects crypto investors and builders. At The Crypto Times, Gopal regularly writes market analysis, protocol explainers, breaking news, and technical breakdowns across Bitcoin, Ethereum, DeFi, altcoins, treasury companies, and Web3 infrastructure. He also hosts on-the-record interviews with regional Web3 founders, protocol teams, and ecosystem leaders. His work has been cited by external publications, including Vulture.com, in coverage of major crypto stories such as the Hawk Tuah memecoin controversy. His reporting has also contributed to The Crypto Times’ coverage of major industry events, including FTX-related developments, institutional crypto adoption, and emerging protocol narratives. Gopal holds a Bachelor’s degree in Computer Applications, giving him a technical foundation for analyzing blockchain systems, crypto infrastructure, and market data.

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