The Optimism Foundation, the platform behind the L2 ecosystem, Optimism, has announced a new buyback program about $OP altcoin. Specifically, Optimism Foundation has proposed the buyback of $OP tokens by utilizing Superchain revenue’s 50%. As Optimism Foundation disclosed in its press release, the buyback initiative attempts to align the $OP token with the Superchain ecosystem’s swift growth. For this, the platform intends to conduct a governance vote on the 22nd of January.
Optimism Foundation to Buyback $OP with 50% of Total Superchain Revenue
The $OP buyback proposal permits Optimism Foundation to leverage half of the revenue coming from Superchain to purchase back the tokens. As a result, the platform will be able to bring tokens back to the treasury and burn them or even redistribute them in the form of staking rewards. The governance voting on this proposal will go live on January 22, 2026. Based on the wide expansion of Optimism over the past few years as a preferred L2 infrastructure, it has gained the attention of exchanges, institutional players, and enterprises.
Additionally, Superchain reportedly commands almost 61.4% share of the L2 fee market and processes nearly 13% of the entire crypto transfers globally. During the past twelve months, Optimism generated 5.868 Ethereum ($ETH) in terms of revenue. Particularly, all of it was specified for a governance-controlled treasury. Now, as more builders and blockchains are coming to Superchain, this revenue foundation is anticipated to keep expanding. Simultaneously, the proposed buyback program underscores a shift in the functioning of $OP token within the network, from a governance token to one directly linked to Superchain demand and usage.
Fortifying Incentive Alignment within Superchain Ecosystem for Sustainable Growth
According to the Optimism Foundation, the proposal also permits the platform to manage the $ETH revenue outside the buybacks, backing wider treasury strategies and network development endeavors. Significantly, governance would reportedly retain complete oversight of treasury usage and buyback parameters. Overall, by linking $OP token’s demand to the growth of Superchain, the platform focuses on aligning incentives among infrastructure providers, users, token holders, and builders.
This article is just a coverage of the official announcement by Optimism. Don’t take this article as an investment advice about $OP or any other cryptocurrency. Cryptocurrencies are risky and can cause financial loss if traded with proper research.
Umair Younas is a veteran crypto journalist with 6 years of experience. He writes on various categories including Bitcoin ($BTC), blockchain, Web3 and the broader decentralized finance (DeFi) space. He pens well-researched price analysis and prediction articles in addition to credible news articles. He writes easy-to-grasp educational articles to fulfil his aim of creating blockchain awareness.
- Umair Younas
- Umair Younas
- Umair Younas
- Umair Younas
