About Optimism
Optimism is a network of chains called the Superchain, built on the open-source OP Stack. OP Mainnet was the first chain, with several others now operating on the OP Stack architecture, including Base (by Coinbase), Unichain (by Uniswap), Ink (by Kraken), and World Chain (by Worldcoin). The OP Stack serves as a framework for Ethereum Layer 2 chains and supports significant L2 activity. Every OP Chain in the Superchain contributes back to the Optimism Collective and all chains follow a standardized revenue-sharing model: the greater of 2.5% of total chain revenue or 15% of onchain profit (defined as fees minus L1 gas costs) is paid back to the Optimism. By aligning economic incentives across many chains, Optimism aims to transform Ethereum scaling into a sustainable flywheel by delivering fast, low-cost transactions while reinvesting in the future of the ecosystem. OP holders participate in governance to shape protocol upgrades, funding decisions, and more
Buy OptimismHappening now
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OP leads Layer 2 protocols with ↗4% weekly gains, outpacing category average.
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Buyer Ratio
Traders
455
-0.66%
Buyers
256
-4.83%
Sellers
217
5.85%
Searched
888
Market Stats
Market Cap
A$2.14B
-4.2%
FDV
A$5.18B
Circ. Supply
1.8B OP
Max Supply
4.3B OP
Total Supply
4.3B OP
Diluted Valuation
A$5.20B
Performance
Popularity
#66
Dominance
0.04%
Volume (24H)
A$358.36M
-1.71%
Volume (7D)
A$2.63B
Volume (30D)
A$9.75B
All time high
A$7.37
Price Change (1Y)
-50.45%
Additional details
Market details
OP vs markets
↘ 74.07%
OP vs BTC
↘ 72.98%
OP vs ETH
↘ 72.56%
Tags
layer-2
made-in-america
binance-listing
Network & Addresses
Network | Address | |
---|---|---|
Optimism | 0x4200000000000000000000000000000000000042 |
Price history
Time | Price | Change |
---|---|---|
Today | A$1.21 | ↘ 4.56% |
1 Day | A$1.26 | ↘ 4.56% |
1 Week | A$1.21 | ↘ 0.81% |
1 Month | A$1.07 | ↗ 13.97% |
1 Year | A$2.36 | ↘ 50.45% |
Coinbase insights
Happening now
AI generated 2h ago
OP leads Layer 2 protocols with ↗4% weekly gains, outpacing category average.
Market Position
•
Monthly surge ↗15% while Layer 2 peers averaged ↘3% decline
•
Volume decline only ↘6% daily, outperforming crypto market's ↘34% drop
•
Ranks third in Layer 2 trading volume, ahead of MATIC
Past Stories
Recent trends
The latest OP price is A$1.21. Compared to Optimism's value of A$1.26 from 24 hours ago, there's been a -5% decrease, while the current price is -1% down from A$1.21 which was recorded one week ago. Optimism's all time high is A$7.37, which was reached on March 6, 2024. This is a -84% change from its price today.
The current circulating supply of Optimism is 1,778,634,390. This is 41% of its max supply of 4,294,967,296 OP and 41% of its total supply of 4,294,967,296. The market cap is currently A$2.14B, which is a result of multiplying the current price of Optimism(A$1.21) by the total supply(4,294,967,296 OP). The fully diluted valuation of Optimism is A$5.18B. The diluted valuation of Optimism is A$5.18B.
Optimism had 256 buyers, 217 sellers and total 455 trades in the last 24h. Optimism was searched 888 times in the last 24h.
FAQ
Optimism (OP) is a layer-two blockchain that operates on top of Ethereum, aiming to scale the Ethereum ecosystem by using optimistic rollups. This means transactions are recorded on Optimism but ultimately secured on Ethereum, benefiting from Ethereum's security. Optimism is home to numerous protocols and has a total value locked (TVL), making it a notable scaling solution for Ethereum. The Optimism Foundation, a nonprofit organization, leads Optimism with the goal of growing the Optimism ecosystem. The foundation is funded by donations and grants and strives to produce infrastructure that promotes the growth and sustainability of public goods.
Optimism operates with a focus on simplicity, pragmatism, and sustainability. It aims to keep its code as simple as possible, using proven Ethereum code and infrastructure when possible. The ecosystem is driven by the real-world needs and constraints of its team and users, aiming to build iteratively and implement features gradually. Optimism uses optimistic rollups and leverages the consensus mechanism of Ethereum to scale the network. Blocks are constructed and executed on Optimism (L2), while user transactions are batched up and submitted to Ethereum (L1). Transactions are submitted to Ethereum without direct proof of validity and can be challenged for a certain period of time. After this period, a transaction is considered final.