About Opium
Opium is a decentralized derivative protocol. It offers two products: USDT de-pegging insurance and a fixed interest rate investment product.
Market Stats
Market Cap
£86.14K
-0.37%
FDV
£2.07M
Circ. Supply
4.2M OPIUM
Max Supply
100M OPIUM
Total Supply
100M OPIUM
Total Value Locked
£3.31M
Diluted Valuation
£2.07M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£95.59
-17.48%
Volume (7D)
£768.59
Volume (30D)
£2.62K
All time high
£15.66
Price Change (1Y)
-67.09%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of Opium has increased by 0.03% in the last hour and decreased by 21.14% in the past 24 hours. Opium’s price has also fallen by 22.79% in the past week. The current price is £0.0207 per OPIUM with a 24-hour trading volume of £95.59. Currently, Opium is valued at 99.87% below its all time high of £15.66. This all-time high was the highest price paid for Opium since its launch.
The current circulating supply of Opium is 4,161,204 OPIUM which means that Opium has as total market cap of £86,143.37.
Market details
OPIUM vs markets
↘ 79.88%
OPIUM vs BTC
↘ 81.08%
OPIUM vs ETH
↘ 69.02%
Tags
defi
derivatives
dao
insurance
+1
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x888888888889C00c67689029D7856AAC1065eC11 | |
BNB Smart Chain | 0x566cedD201F67E542A6851A2959c1a449a041945 | |
Polygon | 0xE8F157E041Df3B28151B667364e9c90789Da7923 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0207 | ↘ 21.25% |
1 Day | £0.0263 | ↘ 21.14% |
1 Week | £0.0266 | ↘ 22.79% |
1 Month | £0.0212 | ↘ 2.71% |
1 Year | £0.0653 | ↘ 67.09% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
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 GBP currency in real-time. Get the live price of Opium on Coinbase.
The current market cap of Opium is £86.14K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Opium is £15.66. 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 £95.59.
Assets that have a similar market cap to Opium include Baby Ripple (babyxrp.xyz), Metadrip, EAGLEBUILDER, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Opium is 4.2 million.
Social stats
Popularity in posts
#4793
Contributors
15
Posts
28
% About Opium
0.001%
Hold times
0 days
X (Twitter)
2.94% bullish
Sentiment
5.0 ★
Highlights
15 unique individuals are talking about Opium and it is ranked #4,793 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Opium has an average sentiment score of 100 out of 5. Finally, Opium is becoming less newsworthy, with 0 news articles published about Opium.
On Twitter, people are mostly bullish about Opium. There were 81.58% of tweets with bullish sentiment compared to 2,676.32% of tweets with a bearish sentiment about Opium. 18.42% of tweets were neutral about Opium. These sentiments are based on 13 tweets.
On Reddit, Opium was mentioned in 15 Reddit posts and there were 7 comments about Opium. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.