Optimism Approves Plan to Buy Back OP With 50% Revenue

Optimism’s governance community has approved a major shift in how the network supports its native token. Starting in February 2026, the protocol will allocate 50% of Superchain sequencer revenue to buy back OP tokens monthly. This marks a new chapter in more directly tying the token’s value to network activity and economic performance.

Linking OP to Superchain Growth

The Optimism Foundation proposed the buyback earlier this month to better align OP with the Superchain, Ethereum’s largest Layer-2 network. Fast forward to today, the buyback plan passed with 84% support from the Optimism community, exceeding the minimum voting threshold.

Under the approved program, Optimism will run a 12-month pilot, directing half of Superchain sequencer revenue to monthly open-market OP purchases. The Superchain includes a network of layer-2 chains built with the OP Stack, such as Base and Unichain. These networks have driven a growing flow of sequencer fees.

Historically, Optimism’s sequencer revenue has come from fees paid by users on these networks. Over the past year, sequencer revenue across the Superchain totaled about 5,868 ETH. Using 50% of this revenue, the program could deploy roughly 2,900 ETH, or about $8.4 million annually, toward OP buybacks if revenue levels remain stable.

Optimism links token demand to real network usage. This approach shifts OP from a governance-only asset to one reflecting economic activity. Repurchased tokens will flow into the Optimism Collective Treasury. Governance will later decide whether to burn them, redistribute them through staking incentives, or use them for other purposes.

Revenue-Driven Buybacks and Market Impact

This revenue-driven buyback mechanism represents a significant evolution in how Optimism manages its tokenomics. Allocating a large share of Superchain income to OP purchases creates a predictable demand signal that grows with network usage. As transactions increase across chains, more revenue funds buybacks, strengthening the connection between ecosystem growth and token value.

Notably, Optimism will initially conduct over-the-counter buybacks to limit market impact and publish details of each monthly purchase for transparency. This careful execution aims to prevent large price swings while steadily accumulating tokens. Despite this major development, OP is down over 8% on the day, amid a wider market pullback.

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