Optimism Governance Approves OP Token Buyback Plan for Ecosystem Sustainability

Optimism's governance has approved a plan to buy back OP tokens, funded by revenue from the Superchain, to enhance ecosystem sustainability and align incentives across the network. According to BWEnews, this initiative aims to bolster the long-term viability of the Optimism ecosystem by strategically utilizing Superchain-generated funds. The decision reflects a commitment to maintaining a balanced and incentivized network structure, ensuring that stakeholders are adequately rewarded and motivated to contribute to the ecosystem's growth. The market capitalization of OP tokens currently stands at $1.231 billion, although this figure may be subject to change.