Optimism Proposes OP Buybacks Using 50% Superchain Revenue

The Optimism Foundation has proposed a significant overhaul to the OP token's economic model, directing 50 percent of revenue from its Superchain network toward monthly buybacks of the cryptocurrency. The initiative, aimed at linking the token's value more closely to network activity, was submitted to the governance forum earlier this week and shared publicly on Thursday by Optimism Grants Council member Michael Vander Meiden.

Under the plan, half of the sequencer fees collected from transactions across the Superchain would fund purchases of OP tokens on the open market, starting in February following a governance vote on January 22. The Superchain, launched in February 2023, comprises a group of interoperable Layer 2 networks built on Optimism's open-source OP Stack, including OP Mainnet, Coinbase's Base, Unichain, Ink, World Chain, and Soneium. These chains have collectively generated substantial activity, capturing 61.4 percent of the Layer 2 fee market and processing 13 percent of all cryptocurrency transactions as of late 2025.

The buybacks would be executed monthly through an over-the-counter provider, converting Ethereum (ETH) revenue into OP regardless of market price...