About Opium
Opium is a decentralized derivative protocol. It offers two products: USDT de-pegging insurance and a fixed interest rate investment product.
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Market Stats
Market Cap
€104.62K
-9.4%
FDV
€2.51M
Circ. Supply
4.2M OPIUM
Max Supply
100M OPIUM
Total Supply
100M OPIUM
Total Value Locked
€2.73M
Diluted Valuation
€2.78M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
€79.53
-24.67%
Volume (7D)
€526.38
Volume (30D)
€2.33K
All time high
€18.17
Price Change (1Y)
-65.34%
Additional info about Opium
Recent trends
The latest OPIUM price is €0.0251. Compared to Opium's value of €0.03 from 24 hours ago, there's been a -18% decrease, while the current price is -26% down from €0.03 which was recorded one week ago. Opium's all time high is €18.17, which was reached on February 3, 2021. This is a -100% change from its price today.
The current circulating supply of Opium is 4,161,204. This is 4% of its max supply of 100,000,000 OPIUM and 4% of its total supply of 100,000,000. The market cap is currently €104.62K, which is a result of multiplying the current price of Opium(€0.03) by the total supply(100,000,000 OPIUM). The fully diluted valuation of Opium is €2.51M. The diluted valuation of Opium is €2.51M.
Market details
OPIUM vs markets
↘ 73.23%
OPIUM vs BTC
↘ 77.37%
OPIUM vs ETH
↘ 50.14%
Tags
defi
derivatives
dao
insurance
+1
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x888888888889C00c67689029D7856AAC1065eC11 | |
BNB Smart Chain | 0x566cedD201F67E542A6851A2959c1a449a041945 | |
Polygon | 0xE8F157E041Df3B28151B667364e9c90789Da7923 |
Price history
Time | Price | Change |
|---|---|---|
Today | €0.0251 | ↘ 11.22% |
1 Day | €0.0306 | ↘ 17.54% |
1 Week | €0.0344 | ↘ 25.83% |
1 Month | €0.0250 | ↗ 4.18% |
1 Year | €0.0781 | ↘ 65.34% |
FAQ
Opium is a protocol that enables the creation, settlement, and trading of decentralized derivatives. According to its whitepaper, derivatives are financial tools that facilitate market participants to further efficiently manage their risk by reducing potential losses while maximizing potential returns. Every derivative symbolizes a token traded on fully decentralized secondary markets. The platform serves as a trustless, transparent, audited, and professional derivatives ecosystem for a trader.
The Opium protocol is a collection of open-source smart contracts constructed on Ethereum. The platform employs a governance model based on a DAO, which engages with token holders by submitting and voting on governance proposals. This procedure determines the liquidity mining logic and impacts the protocol and the behavior of its shareholders.
The OPIUM token is an ERC20 cryptocurrency contributing significantly to the protocol's individuality and decentralization. Token holders can recommend and vote for the platform's initiatives, allowing them to govern the protocol collectively. Users can stake their tokens in various DAO subtypes to define specific responsibilities in the community. Protocol users can obtain OPIUM tokens through liquidity and governance mining.
As per its whitepaper, the Opium exchange can hedge its trading uncertainties and contemplate opportunities inside and outside DeFi. The exchange aspires to be known as "the Bloomberg for decentralized derivatives," listing a multitude of financial derivative products that are freely tradable by everyone. The platform charges a fixed fee for every traded derivative contract to the profitable trader. Ninety percent of the fee is paid to the maker of the derivative contract and the remaining 10 percent is retained in the protocol.
The Opium Protocol was launched in 2017.
We update our Opium to EUR currency in real-time. Get the live price of Opium on Coinbase.
The current market cap of Opium is €104.62K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Opium is €18.17. This all-time high is highest price paid for Opium since it was launched.
Over the last 24 hours, the trading volume of Opium is €79.53.
Assets that have a similar market cap to Opium include Helmet.insure, Slop, GameCredits, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Opium is 4.2 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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