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
AI generated 7h ago
Following a sharp price decline, attention is turning to whether a surge in social activity and new partnerships can provide support for OP's market position.
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Buyer Ratio
Traders
600
90.48%
Buyers
461
146.52%
Sellers
154
4.76%
Searched
625
Market Stats
Market Cap
€1.06B
-9.86%
FDV
€2.56B
Circ. Supply
1.8B OP
Max Supply
4.3B OP
Total Supply
4.3B OP
Diluted Valuation
€2.56B
Performance
Popularity
#70
Dominance
0.03%
Volume (24H)
€247.64M
134.16%
Volume (7D)
€1.82B
Volume (30D)
€2.98B
All time high
€4.12
Price Change (1Y)
-58.4%
Additional details
Market details
OP vs markets
↘ 76.53%
OP vs BTC
↘ 76.54%
OP vs ETH
↘ 74.45%
Tags
layer-2
made-in-america
binance-listing
Network & Addresses
Network | Address | |
---|---|---|
Optimism | 0x4200000000000000000000000000000000000042 |
Price history
Time | Price | Change |
---|---|---|
Today | €0.60 | ↘ 9.87% |
1 Day | €0.67 | ↘ 9.87% |
1 Week | €0.63 | ↘ 5.57% |
1 Month | €0.67 | ↘ 10.90% |
1 Year | €1.51 | ↘ 58.40% |
Coinbase insights
Happening now
AI generated 7h ago
Following a sharp price decline, attention is turning to whether a surge in social activity and new partnerships can provide support for OP's market position.
OP shows strength against competitors
While its price fell, OP's weekly decline of
↘6%
and monthly decline of
↘7%
were smaller than competitors like UNI and MATIC. The project also announced a deal with
Ronin, a collaboration with
Flashbots, and the launch of a new Layer 2 by
Upbit.
Price sees sharp short-term decline
Despite its relative strength over longer periods, OP experienced a significant drop of
↘12%
in the last 24 hours. Over the past 30 days, the asset's price has decreased by
↘23%
.
Social media activity surges
In contrast to its price performance, OP saw social media activity explode with a
↗2843%
surge in the last week, generating 2.8 million interactions. This increase in online discussion is considered genuine community interest.
Recent trends
The latest OP price is €0.60. Compared to Optimism's value of €0.67 from 24 hours ago, there's been a -10% decrease, while the current price is -6% down from €0.63 which was recorded one week ago. Optimism's all time high is €4.12, which was reached on March 6, 2024. This is a -86% 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 €1.06B, which is a result of multiplying the current price of Optimism(€0.60) by the total supply(4,294,967,296 OP). The fully diluted valuation of Optimism is €2.56B. The diluted valuation of Optimism is €2.56B.
Optimism had 461 buyers, 154 sellers and total 600 trades in the last 24h. Optimism was searched 625 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.
Optimism aims to create an ecosystem where value is generated for its three constituencies: token holders, contributors and builders, and users and community members. Token holders are compensated through the productive re-deployment of sequencer revenue. Contributors and builders receive value from retroactive public goods funding. Users and community members receive value from ongoing airdrops and project incentives. The demand for OP block space generates revenue, which is distributed to public goods, driving more demand for block space. This makes Optimism a potential platform for various decentralized applications and protocols.
Optimism is led by the Optimism Foundation, which is dedicated to growing the Optimism ecosystem. The foundation is completely funded by donations and grants and pledges to produce infrastructure that promotes the growth and sustainability of public goods. The foundation has set several milestones for the development of Optimism, including the introduction of Optimistic Rollup, the launch of the EVM Compatible Testnet, and the opening of the Mainnet. The foundation is working on decentralizing the sequencer and implementing next-generation fault proofing. The initial token supply of Optimism was 4,294,967,296 OP tokens, with a token generation rate of 2% per year.
We update our Optimism to EUR currency in real-time. Get the live price of Optimism on Coinbase.
The current market cap of Optimism is €1.06B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Optimism is €4.12. This all-time high is highest price paid for Optimism since it was launched.
Over the last 24 hours, the trading volume of Optimism is €247.64M.
Assets that have a similar market cap to Optimism include Immutable, Injective, XDC Network, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Optimism is 1.8 billion.
Optimism ranks 108 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 95% of Coinbase users are buying Optimism. In other words, 95% of Coinbase customers have increased their net position in Optimism over the past 24 hours through trading.
Yes, Optimism is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Optimism guide.
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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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