Mode chain
Overview
Mode is an Ethereum layer-2 network that uses Optimism’s OP Stack and belongs to the Superchain, having launched in 2024 with a DeFi-focused economic model. Its core mechanism is Sequencer Fee Sharing, which distributes some of the sequencer’s transaction fee income to the smart contracts responsible for those fees, thereby tying developer rewards to network expansion instead of directing all revenue to the chain’s operator. The network features a native token called MODE.
Within The Counterparty graph, Mode connects to 17 tracked entities, most strongly to USD Coin, Tether USD, Morpho Blue.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 10 of 17 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | USD Coin | 95% |
deployed_on | Tether USD | 95% |
deployed_on | Morpho Blue | 95% |
deployed_on | Renzo | 95% |
deployed_on | Ethena USDe | 95% |
deployed_on | Kelp DAO | 95% |
bridges | Connext | 95% |
deployed_on | Frax USD | 95% |
deployed_on | Connext | 95% |
deployed_on | Bedrock uniBTC | 95% |
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.
Questions on the record
What is Sequencer Fee Sharing?
Sequencer Fee Sharing is Mode's mechanism that distributes a portion of sequencer transaction fee revenue to the smart contracts responsible for generating those fees, instead of retaining all revenue at the operator level.
What is Mode built on?
Mode is built on Optimism's OP Stack, the same architecture used by Optimism and Base, which situates it within the Superchain ecosystem.
Does Mode have a token?
Yes, Mode has a native token called MODE.