Often overlooked at first glance, but the real story here is how serious organizations are becoming about actually delivering value back to token holders. The revenue and buyback mechanisms gaining traction across protocols signal a shift in how the market views tokenomics.

OP taking the lead as the first Layer 2 token to commit meaningfully to this could reshape expectations in the broader L2 ecosystem. When one major L2 player moves aggressively on token value capture, others inevitably follow—and that creates pressure throughout the sector.

The BASE token dynamic is particularly interesting to watch. How it responds to OP's moves will tell us a lot about whether this becomes a real differentiator or just another talking point. Right now, the market is still figuring out what sustainable tokenomics actually look like for second-layer solutions.